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. Last Updated: 07/27/2016

Study: 10 Firms Have 40% of Exports

The value of Russia's exports topped $100 billion for the first time last year, with the top 10 exporters accounting for 40 percent of the total, according to a new ranking released Wednesday.

Unusually high prices for raw materials, especially oil, fueled the nearly 50 percent jump over the $73 billion in exports Russia produced in 1999, according to the ranking compiled by ratings agency Expert RA with the help of the Economic Development and Trade Ministry and the Moscow International Business Association.

While the volume of exports rose just 5 percent in 2000, revenues jumped 71 percent, according to Expert magazine.

<b>Russia's Top 25 Exporters</b>
CompanyField2000 Export Turnover (million $)Year-on-Year Growth
1. GazpromOil and Gas$15.933 billion53.1%
2. LUKoilOil and Gas$5.7138 billion94.9%
3.YukosOil and Gas$5.2475 billion105.9%
4. TyumenOil Co.Oil and Gas$3.4775 billion181.3%
5. TatneftOil and Gas$2.629 billion175.8%
6. Norilsk Nickelnon-ferrous metals$2.2469 billion22.4%
7. Russian Aluminumnon-ferrous metals$2.1616 billion-11.8%
8. SurgutneftegazOil and Gas$1.7005 billion126.6%
9. SibneftOil and Gas$1.6999 billion78.9%
10. RosneftOil and Gas$1.2945 billion72%
11. Severstalferrous metals$1.0671 billion21.9%
12. SlavneftOil and Gas$1.0181 billion112.1%
13. Alrosanon-ferrous metals$877.4 million20.1%
14. Novolipetsk Metals Combineferrous metals$866 million39.9%
15. BashneftOil and Gas$858.7 million34.2%
16. Magnitogorsk Metals Combineferrous metals$849.2 million25.1%
17. OnakoOil and Gas$681.6 million64.8%
18. SidankoOil and Gas$662.3 million99.7%
19. IteraOil and Gas$657.1 million-47.5%
20. TVELcar builder$571 million57.7%


Over 70 percent of export revenues for the top 100 companies came from the oil and gas sector, with the metals industry bringing in 19 percent, the chemicals industry 4.5 percent and heavy machinery producers 3.3 percent.

The indisputable leader once again was Gazprom, which exported $15.9 billion worth of gas in 2000 — 15 percent of the national total and nearly three times more than runner-up LUKoil. Rounding out the top five were oil majors Yukos, TNK and Tatneft.

Metals giants Norilsk Nickel and Russian Aluminum, at sixth and seventh respectively, broke up the chain of fuel companies: Surgutneftegaz, Sibneft and Rosneft rounded out the top 10.

Top steel producer Severstal was No. 11, while the TVEL corporation, which builds equipment for nuclear power plants, was No. 20 with exports worth $571 million. The largest chemical and petrochemical exporter, according to the rating, was Bashneftekhim, ranked 24th overall.

Domestic auto king AutoVAZ was 29th, while national power grid Unified Energy Systems was 33rd, sending $212 million worth of electricity abroad in 2000.

Expert RA general director Dmitry Grishankov said many companies are still reluctant to disclose information, so one of the major objectives of the list was to codify available data on the current conditions and prospects for increasing exports, which have been the engine for economic growth.

Grishanov said another goal was to help Russia's corporate image. "Russian companies have a very bad reputation in the world," he said. "There is an information barrier — reliable information doesn't reach Western countries," he added.

Apart from the top 100 rankings, Expert RA presented corporate awards for exporters in a variety of categories based on the decisions of a panel that included Deputy Economic Development and Trade Minister Mikhail Medvedkov and AmCham president Andrew Somers.

Siberian-Urals Petrochemical Co., or Sibur, for example, won for "most dynamic development" — an obvious choice considering the company posted a ridiculous-sounding 74,608.33 percent growth in exports last year.

With clients in 91 countries, Severstal won awards for having the "biggest client base" and the "widest geographical" operations.

Novolipetsk steel won for largest number of individual shipments abroad (18,074), while AvtoVAZ, Kazan Helicopter Plant and Sibur shared the award for most active marketing policy.

Expert RA panelist Yevgeny Gavrilenko, who heads the Bureau of Economic Analysis, praised the ratings and awards as a "first step" toward improving the export potential of Russian companies. "In the coming years, however, the ratings must include estimations of how companies use their export potential and revenues," he added.

MICEX general director Alexander Zakharov recommended that the ratings include the market capitalization of companies as a tool for portfolio investors.