Russian Economy Ministry expects services export growth to $59 bln by 2030

MOSCOW, October 26. /TASS/. Exports of services from Russia may reach $59 bln by 2030 with the average annual growth rates of about 5%, department director at the Russian Ministry of Economic Development Dmitry Nekrasov said.

"Exports of services in 2025 totaled $46.3 bln, plus 7.5% against 2024," Nekrasov said. "The forecast by 2030: we expect $59 bln by 2030 with the growth rates of about 5% per year," he said at the meeting of the commission on international cooperation and export of the Russian State Council.

Imports of services are growing quicker than exports and stood at about $95 bln, Nekrasov noted.

Travels and transportation services will provide for the bulk of incremental growth of exports by 2030 according to the forecast, Nekrasov said. They are expected to add about $4.3 bln in total.