More than 50% of non-food products in Russia are imported. With imported components, this figure increases to 70% or more. Annual investment in foreign economies is 15 trillion rubles (163 billion USD, 146.4 billion EUR).
Khabarovsk, August 23 (FFN) – Russia continues to directly import more than half of all non-food products, despite the potential to manufacture some of these goods domestically. This situation raises concerns about the underutilization of the country’s industrial capabilities. According to a report by TASS, citing a high-ranking official from the Russian Ministry of Industry and Trade, Russia invests at least 15 trillion rubles annually (approximately 163 billion USD or 146.4 billion EUR) into foreign economies.
Nikita Kuznetsov, head of a department at the ministry, stated during an economic forum in Khabarovsk that more than 50% of non-food products are directly imported. However, when including imported components, this figure rises to 70% or more. Kuznetsov emphasized that while Russia cannot realistically produce everything that is currently imported, there are areas where the potential of domestic manufacturers remains largely untapped.
Kuznetsov also highlighted that the purchasing departments of Russian retail chains currently operate as de facto sales departments for Chinese manufacturers. He stressed the need to change this dynamic and strengthen domestic producers, who are currently losing out to large multinational brands.
