Industrial Exports of Saint Petersburg: Condition, Trends, Prospects

Abstract

Aim. The presented study aims to examine the state of industrial exports from Saint Petersburg.

Tasks. The authors consider export potential, structure, and dynamics of exports and imports of industrial products in Saint Petersburg; examine structural transformations in Saint Petersburg’s economy sectors and the impact of innovation processes on the export potential of changes in the factors that are significant for export activities.

Methods. This study uses the official data of statistical agencies and customs authorities and processed results of the monitoring and survey of managers of Saint Petersburg enterprises and organizations.

Results. The study assesses the effects of organizational, economic and industrial factors on the export potential of Saint Petersburg’s economic entities, changes in their target markets over the past three years, and results achieved by enterprises and organizations in terms of factors that are significant for export activities.

Conclusions. Excessive state regulation and loopholes in the current legislation are significant factors that limit the export potential of Saint Petersburg enterprises and organizations. At the same time, for large industrial enterprises it is crucial to maintain national rules, international agreements and stability of production. While small and medium enterprises should focus on quality and the cost of components.