Prospects for exporting Russian machinery and equipment to Africa

Authors

  • Galina Aleksandrovna Orlova Russian Foreign Trade Academy
  • Victor Nikolayevich Kirillov The State University of Management
  • Yuri Anatolievich Savinov Russian Foreign Trade Academy
  • Eugenia Vadimovna Taranovskaya Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412.2072-8042-2020-00027

Keywords:

Africa, international trade in machinery and equipment, international competition, Russian exports

Abstract

The attention of exporters has increased to the import potential of African countries in recent years. Industrialization and economic growth apparently result in higher demand for imports of engineering products. In the article, the authors present Russian companies’ practice of using the emerging opportunities to export Russian equipment to the African market. The importance for export development of the Russia-Africa forum held in Sochi in October 2019 is underlined. Particularly, the opportunities for exporting automotive, mining, railway and power equipment, as well as the possibility high-tech products are outlined.

Author Biographies

Galina Aleksandrovna Orlova, Russian Foreign Trade Academy

Candidate of Economic Sciences, Associate Professor
Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob’evskoe shosse, 6A),
Department of world and national economy - Professor

Victor Nikolayevich Kirillov, The State University of Management

Doctor of Economic Sciences, Professor
Place of work, post: The State University of Management (99 Ryazanskiy Prospekt, Moscow 109542), Department of World Economy - Professor

Yuri Anatolievich Savinov, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor
Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob’evskoe shosse, 6A), Department of foreign trade and international transactions - Professor

Eugenia Vadimovna Taranovskaya, Russian Foreign Trade Academy

Candidate of Technical Sciences, Associate Professor
Place of work, post: Russian Foreign Trade Academy, Department of fi nance and monetary relations - Professor

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Published

2024-02-07

How to Cite

Orlova, G. A., Kirillov, V. N., Savinov, Y. A., & Taranovskaya, E. V. (2024). Prospects for exporting Russian machinery and equipment to Africa. Russian Foreign Economic Journal, (3), 72–81. https://doi.org/10.24412.2072-8042-2020-00027

Issue

No. 3 (2020)

Section

Foreign trade activity