The Yaroslavl Region incorporates a nice potential for developing external ties - a most advantageous geographical and transport position, a well-developed business and infrastructure and a fancy programme of social and economic development figured out by the Regional Government.

External Trade

The Yaroslavl Region incorporates a nice potential for developing external ties - a most advantageous geographical and transport position, a well-developed business and infrastructure and a fancy programme of social and economic development figured out by the Regional Government. Its central component is investment policy. All that creates the Yaroslavl Region terribly enticing to cooperate with.

In the state of affairs when the regions' rights to conduct external economic activities are extended, among the most objectives of the regional authorities is obtaining the native corporations concerned in external economic activities, serving to and supporting them to find new promising international markets and stimulating progressive developments within the commodity structure of native exports and imports.

Exports have historically been one in all the foremost necessary areas of external economic activities of the Yaroslavl Region.

In order to assist the native corporations to search out new external markets the Regional Government works in intergovernmental committees on trade and economic cooperation, through its Trade Delegates abroad and by conducting shows of the Yaroslavl Region abroad and within the Embassies of foreign countries similarly as by suggests that of taking part in exhibitions.
Among the tools of supporting the native export potentialities are the Regional Representatives within the following countries: the Republic of Belarus, Lithuania, Estonia, Poland and Uzbekistan.

The year 1999 saw the institution of the Advisory Council hooked up to the Governor's Administration. Its purpose is to develop and ideal the external links of the Yaroslavl Region and facilitate external trade traffic. The Yaroslavl Region is consistently broadening its trade and economic ties with the CIS and different foreign countries.

Foreign Trade Turnover

The Yaroslavl Region has been actively concerned in external trade. it's trade partners in ninety three countries. In 2011 over 540 native corporations participated in foreign trade.
The yearly commodity turnover in twenty07 increased by 20,6% and amounted to one 059.0 bln. USD. Export orientation of the native foreign trade ends up in a positive balance of the Region's trade turnover.

Most of the foreign trade turnover is conducted with CIS countries. as an example in 2011 their share was fifty nine, 5%. The share of different foreign countries within the foreign trade turnover of the Yaroslavl Region is respectively forty,5%.

The main trade partners are the Germany, Kazakhstan, Republic of Belarus, the Ukraine, and Poland. The Republic of Belarus with a forty,4% share of the native external trade turnover could be a major client of the products made within the Yaroslavl Region.

Imports

The companies of the Yaroslavl Region import their turn out from sixty six countries. The most important import volumes are delivered from the Republic of Belarus (27.6%), the Ukraine (20.7%), Germany (15.8%), Japan (6.4%) and Italy (5.2%).

The Yaroslavl Region imports machinery (48%), foodstuffs and raw stuffs (21%), petrochemical turn out (10.7%), ferrous and nonferrous metals similarly as metal turn out (7.8%). The positive balance of the external trade turnover has recently increased owing to the rapidly growing export that is conclusive proof that the external trade of the Yaroslavl Region is export-oriented.

Exports

The companies of the Yaroslavl Region export their turn out to seventy seven countries. Our most important partners are the Republic of Belarus (34.1%), the Ukraine (23.6%), Kazakhstan (11.8%), Poland (7.3%) and India (6.8%).

The biggest and still increasing share of exports is machinery - fifty seven.7%.
Another 25.6% of export volume is that the turn out of the native petrochemical advanced. Exports of timber, food product and raw foodstuffs are on the rise too.