Russian International Exhibition of Innovation Industry 2024 INNOPROM

Since its inception in 2010, the Russian International Salon of Innovation Industry has attracted worldwide attention with its unique charm. This grand event is co-sponsored by the Russian Ministry of Industry and Trade and the Government of Sverdlovsk Oblast. It is carefully cultivated and blooms regularly every year in Yekaterinburg, the third largest city in Russia.

The guest country of the 2016 expo was China. Chinese Vice Premier Wang Yang, Vice Minister of Commerce Zhong Shan, Russian Deputy Prime Minister Rogozin, Russian First Deputy Minister of Economic Development Likhachev and other leaders attended the opening ceremony of the expo. The two sides jointly visited the embassy and communicated with representatives of relevant localities and enterprises of the two countries.

At the 2023 exhibition, there will be 68,000 professional visitors from more than 10 countries and regions around the world. The exhibition area will reach 90,000 square meters, and the number of exhibitors will reach 1,100, including China, Taiwan, Belarus, Poland, Italy. , Germany, companies in Spain, the United States, Singapore, Australia and other countries and regions.

In addition, the exhibition will invite Russian Prime Minister Medvedev, ministers, Russian regional leaders, heads of Russian and multinational companies, international experts and authorities, representatives of Russian scientific and technological clubs and institutions.

In general, the Russian Industrial Exhibition Yekaterinburg 2024 (INNOPROM) is a comprehensive industrial exhibition integrating exhibitions, technical exchanges, business cooperation and brand promotion. It provides exhibitors with the opportunity to connect with Russia and the CIS. and industry experts to communicate.

Market analysis:

The Russian economy has been facing unprecedented challenges in recent times. Many Western countries have imposed economic sanctions on it, the ruble has continued to depreciate, and international oil prices have significantly changed Russia’s geopolitical and economic environment and also created opportunities for economic and trade cooperation between China and Russia. New opportunities.

China-Russia foreign trade has maintained a “countercurrent growing trend” amid the international economic slowdown. According to customs statistics, in 2022, the bilateral trade value between China and Russia exceeded 900 billion yuan for the first time, reaching 948.66 billion yuan, a year-on-year increase of 26.6%, setting a record high. Among them, China’s exports to Russia amounted to 436.43 billion yuan, an increase of 24.7%, maintaining a year-on-year growth trend for six consecutive years; China’s imports from Russia amounted to 512.23 billion yuan, an increase of 28.2%.

Russia remains one of the most sought-after markets for Chinese manufacturers, thanks to:

—Developed circulation of goods

—Sanctions restrict access to the Russian market for manufacturers from some other countries

—Favorable pricing policies of Chinese manufacturers.

Machinery manufacturing, aerospace technology, industrial automation, robotics, CNC machine tools and metal processing, environmental protection industrial technology and equipment;

Applications of information and communication technology, new energy and electric power, energy-saving and new energy vehicles, engineering machinery and building materials machinery;

Pumps, valves and fluid machines, power transmission and control technology, surface treatment technology, air pressure and vacuum technology, springs and equipment;

Hardware tools, welding and cutting technology, plastics and rubber industry;

Petrochemicals, logistics technology and transport systems, new materials, energy efficiency and innovative technologies, etc.