MOSCOW, November 9. /TASS/. Sales of Russian chemical products on the global market reached $32 bln last year, with mineral fertilizers accounting for 15.2%, Industry and Trade Minister Anton Alikhanov said.

"The chemical industry is also a leader for our exports. Shipments to foreign markets account for around one-fifth of our total non-commodity non-energy exports. Last year sales of our chemical products on the global market surpassed $32 bln, with mineral fertilizers accounting for 15.2%, though other components of our chemical industry are also growing in exports," he said at the Chemistry 2026 exhibition.

Russian chemical enterprises have invested over 4.8 trillion rubles into their own development since 2022, the minister said, adding that broad-based state support measures, including special investment contracts, a cluster-based investment platform, subsidized loans from the Industrial Development Fund (IDF), and subsidies for R&D, have played a significant role in the investment activity.

"Apart from the quantitative parameters I mentioned, changes in the nature of production and the scope of value chains are equally important, of course. The chemical industry was previously based primarily on basic products from initial processing stages, whereas today we produce high-tech polymers, catalysts, specialty chemical compounds, and materials for radioelectronics. In many areas that I mentioned, we have already transitioned from being purely an importer to exporting our own products to foreign markets," he explained.