Russia intends to lift its non-resource and non-energy exports by about 66 percent by 2030, a target unveiled by First Deputy Prime Minister Andrei Belousov. He stressed the government’s push to diversify outward shipments and strengthen the country’s trade footprint. The plan underlines a clear shift toward expanding sectors beyond traditional resource-based income, with a focus on broader industrial products and agribusiness offerings.
Belousov noted that the president’s directive calls for reaching a minimum 66 percent growth in non-resource, non-energy exports by 2030, and a 50 percent rise in agricultural exports. The emphasis on these figures signals a long-term strategy to broaden Russia’s export base and reduce dependence on commodity cycles, while seeking to boost production efficiency and market reach in key segments.
Officials assured exporters that support mechanisms will be available at every stage of the initiative. The package includes preferential investment and trade financing, pre-export credit instruments, and programs to help Russian goods gain traction in international markets. These measures are intended to ease access to capital, de-risk overseas sales, and facilitate branding and promotion for domestic products abroad.
Belousov described the leadership’s goal as highly ambitious, yet achievable with coordinated policy actions and private sector engagement. The emphasis is on creating a more resilient export framework that can weather global price shifts and market fluctuations while expanding the country’s commercial presence overseas.
In 2023, Russia’s non-resource non-energy exports, as reported by the Ministry of Industry and Trade, showed a 23 percent increase in monetary terms, totaling around 146.3 billion dollars. The positive revenue trend is cited as evidence of ongoing structural adjustments within the economy aimed at broadening export diversity and strengthening competitiveness in non-traditional sectors.
This ongoing shift aligns with Russia’s broader economic transformation narrative and a push toward faster growth in 2024, driven by policy support, investment in productive capacity, and improved access to international markets. The government continues to pursue reforms intended to sustain momentum and invite investment in high-potential sectors beyond the resource sector.