Russia is the world’s largest country. Its spans Northern Asia and Eastern Europe.
Russia has the 11th largest economy in the world. The country’s Gross Domestic Product (GDP) stood at 1.7 trillion USD in 2019 and is projected to be at 1.84 trillion USD by 2025.
The GDP is majorly dominated by the services sector, followed by industry and agriculture. The 2019 stats are:
Here are the top 5 import and export partners of the country:
Russia is one of the largest producers of mining commodities in the world. Thanks to its massive area, the country has plenty of minerals to offer. It leads the world to demand minerals production such as bauxite, copper, coal, diamond, iron, gold, uranium, and many others.
Being the largest miner of diamond and palladium and having over 157 billion tons of coal reserves, the industry is bound to boom the economy – In 2018, the industry11.54% to the GDP. There are plenty of opportunities as the mining industry isn’t just backed by the government for domestic companies, but the focus on optimizing existing operations and efficiency yield a promising forecast,
It’s best to exploit the opportunities with high-quality mining equipment at good rates. This is precisely where Camamach comes in.
The construction industry of Russia is expected to recover from the effects of COVID-19 by an annual rate of 2.6% in the 2021-2024 period. The country has set aside $87.5 billion for infrastructural development by the year 2030 – new roadways and railroads being the primary focus.
The industry looks ripe for top quality and reliable construction equipment import. Fortunately, Camamach has stocked the best equipment for you to make the most of the coming infrastructural development era.
Russia can be accessed through both land and the sea. The major seaports are:
Russia’s mining and construction industries add a significant sum to the GDP. The industries must utilize state-of-the-art machinery for optimal results—the mining industry in particular imports 50% of the equipment. Some of the imported equipment includes Bulldozers, Concrete Batching Plants, Grinding Equipment, Mobile Crushing, etc.
Here are the necessary import requirements for Russia:
Russian Customs freight declaration for every imported item must be completed. The declaration includes contracts, commercial documents, legitimacy verifying documents, transport documents, import licenses, certificates of origin, “TR TS” certificates, sanitary certificates, import permits, and licenses. The declarations are submitted through the government portal.
The goods will be cleared at the customs border, and the legal entities will have to pay for customs clearance. If all the documents are in order, the clearance usually takes around one business day.
Russia implements WTO provisions and the Harmonised Customs System. The tariff is at 6.1% for the goods, and 85% of the tariff lines are taxed on an ad Valorem basis. Import excise taxes are also applied on products such as luxury goods, tobacco products, cars, and petroleum products.
Camamach has been exporting equipment in Russia for years. Feel free to contact us at sa[email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.