The African export market has a high potential for the Moscow companies. Despite the introduction of quarantine restrictions in 2020, the volume of the capital's export of agricultural products increased by 68.9% and amounted to USD 0.93 billion. A particular growth is noted in the export of agricultural products; in 2020, it amounted to almost 70%.
Dairy products, vegetables, poultry meat, chocolate products and ready-made animal feed are promising commodities to increase the Moscow exports. It is worth noting that last year, Moscow resumed exports of chocolate products to Libya after a break in 2019.
Basically, experts say that the reason for such attractiveness of Africa is caused not only by the improvement in the quality of life, but also by the growing population of African countries. So, in the period from 2018 to 2030, the population of African countries will increase by 40% - up to 1.8 billion people, and by 2050 it may reach 2.4 billion people.