For the first eight months of 2018 Lipetsk Regionís Trade Turnover has reached $3965.3 mln, it is a 26.7% increase compared to the same period of the previous year.
The major share of trade turnover has been provided by export that has amounted to $3488.9 mln (+34.9% compared to 2017).
Import has decreased by 7.9% to $476.4 mln.
Region’s main trade partners have become Turkey, Mexico, Belgium, Denmark, the USA, China, Germany, India, Italy, Poland, the Netherlands, Brazil and Uzbekistan. These countries have accounted for 94.1% of all regionís trade turnover ($3731.2 mln). Lipetsk Region has exported goods mostly to Mexico, Turkey, Belgium, Denmark, the USA, India, Germany, Uzbekistan, Latvia, Finland, Poland, Azerbaijan, Algeria, Moldova and Georgia. These countries have accounted for 98.1% of all regionís export ($3423.1 mln). The largest export supplies have been provided by PAO “Novolipetsk Metallurgichesky Kombinat” that exported ferrous metals.
Among regionís major import partners there have been China, Germany, Italy, Poland, the Netherlands, Brazil, Austria, Slovakia, Hungary, the Czech Republic, the USA, Japan, Luxembourg, Belgium and Spain. These countries have accounted for 88.6% of Lipetsk Regionís import ($422.16 mln). The region has imported mechanical equipment and its parts (32.4%), electrical machinery (13.2%), ferrous metals (9.6%), plastics and articles thereof (8.6%), setts, curbstones and flagstones (5.1%), ferrous metals articles (3.5%), processed vegetables and fruits (3.4%) and chemical products (2.9%).
The ministries of agriculture of Iran, Russia and Kazakhstan have concluded a trilateral memorandum of understanding on the issue of wheat trade.
Trade turnover between Russia and Germany increased 8.4% and reached nearly ą62 billion ($70 billion) in 2018 compared to previous year.
In 2018 Russiaís meat export amounted to 288.5 thous. t, it is a 21% increase compared to 2017.
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