According to the Russian-German Chamber of Commerce, the number of German companies in Russia continues to decline. However, analysts say that the reduction in the number of the German business representatives in Russia is a very formal indicator. Minor players leave, and the remaining ones, many of which are world famous manufacturers, are clearly intensifying their activity. These are Mercedes-Benz, BMW, Audi, Volkswagen in the automotive industry; BASF and Bayer in the chemical industry and pharmaceuticals; Rowenta, Kärcher, KRESS, Leica, Miele, Bosch, Braun in the field of household appliances, and many others.
The economy modernization and the active involvement of all economic fields in digital technologies make Russia a very promising partner for Germany in terms of importing machinery and technologies, and the government's initiatives to improve the investment climate are increasingly attracting German investors.
Here is an example. At the end of 2019, the volume of non-energy exports from Moscow to Germany amounted to USD 1.2 bn and grew by 14.98% against 2018. Today, Germany ranks #7 among all trading partners of Moscow in the field of non-energy exports.
According to a survey conducted by the Russian-German Chamber of Commerce, 39% of German companies plan to invest in Russia in the near future, 29% plan to expand their activities, 63% will work as planned without revising their strategy, and only 8% talk about the plans to reduce their business activity.
Experts see the prospects for cooperation in such areas as food industry, modern materials, renewable energy and information technology. Based on this, the creation of competitive products with the subsequent export increase becomes the main priority of Russia's industrial policy. The joint developments of scientists and engineers of the two countries, the development of international cooperation and the attraction of German investments with a high export potential is an important component in the implementation of the national project "International Cooperation and Export".