Russia wish to triple the car export

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Russia wish to triple the car export

Russia proposes to stimulate car exports by using preferences and subsidies to triple the car export.

In 2016 the Russian car exports amounted $2.4 billion so they planned to reach $4.9 billion by 2025. To do so, Russia should export car components that would worth $1.6 billion per year.

The priority export markets from Russia are the Middle East (Iran, Lebanon, and Jordan), Germany, India, China, and some African and Latin American countries.

Russia Ministry suggests that should sign a long-term agreement with International Automakers to assembly lines in Russia with an annual output capacity starting at 80,000 to 100,000 vehicles.

Russia hosts at the moment assembly lines belonging to Toyota, Nissan, Ford, Renault, Mazda, and Hyundai.

The main Russians export markets assembled vehicles for international brands are the CIS and Middle East. Hyundai exports its Russian-built vehicles to the CIS, Tunisia, and Lebanon. , Algeria and Georgia. Renault Russian-assembled vehicles are exported to Vietnam and Algeria.

Nissan exported in 2016 3,153 Russian-assembled vehicles in Ukraine, Belarus, Azerbaijan, Kazakhstan.

A total of 945 Russian-built Datsun vehicles (owned by Nissan) were delivered to Kazakhstan, Lebanon and Belarus last year.

The Ministry proposes to introduce a system of tax rebates for export which will be used for offsetting import duties as a stimulant for the international automakers to subcontract the component providers from Russia.

This plan is expected to increase imports of Russian assembled- international car makers to minimum of 70,000 cars by 2025.