Russian tech exports nearly double since 2019

RUSSIA / FSU POLITICS - In Brief 05 Sep 2021 by Alex Teddy
On September 1 the Moscow Higher School of Economics released data showing that Russia exported USD 4.5 billion of tech goods and services in 2020 and 2019. In 2018 such exports were only USD 1.4 billion.Russia is eager to avoid importing tech wherever possible. This is to reduce the impact of any future sanctions. Until recently Russia bought all sorts of tech such as payment cards, office manager computer systems and other software. Moscow is also anxious because Western intelligence agencies could use such tech to spy on Russia.On August 29 Russia forbade buying foreign manufactured laptops, tablets, servers and circuit boards in governmental contracts. Russia now produces reasonable quality versions of all this tech.In 2020 the importation of foreign tech stood at USD 4.6 billion. That is a stable figure. Russia is reducing its tech trade deficit. Although Russia is selling ever more tech abroad, its quality is only medium though its price is relatively low. The Netherlands was the single biggest market for Russian tech. Over USD 1 billion was sold there in 2020. The Netherlands is a low tax country and several major Russian digital companies are registered there. These include Yandex, X5 Retail Group.Russia exported more than USD 250 million of tech to each of Belarus, China, Switzerland, Germany and the USA. Sales to Belarus are not surprising considering that economically it is little more than an adjunct to Russia. Germany has a significant Russian expatriate community. The sales figure to China is unimpressive considering China's vast population. This country is Russia's biggest customer.

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