Russian Federation
Turkish Republic
Krasnodar Region:
Investment Attractiveness of the Region and Prospects
for Trade and Economic Cooperation with Turkish Republic

from December 10 to 12, 2006

 

FOREIGN ECONOMIC COOPERATION OF KRASNODAR REGION WITH TURKISH REPUBLIC



Russian-Turkish trade and economic cooperation has been rapidly developing over the last years. In the total volume of Russia commodity turnover Turkey ranks the 14th. Russia ranks the second in import and the eighth in export of Turkey.

One of the main directions of Russian-Turkish bilateral relations is interregional cooperation between constituent entities of Russian Federation and Turkish vilayets (provinces).

Turkey expresses great interest to cooperation with constituent entities of the South of Russia, and specifically, with Krasnodar Region, being over the last years one of the main permanent foreign trade partners of Krasnodar Region.

In 2004 foreign trade turnover of Krasnodar Region with Turkey totaled USD 361.5 million. The export surplus is positive (USD 35.5 million). Turkey was the main importer of ferrous scrap metal. The worth of export operations constituted USD 198.4 million. Cereals (bread grains), sugar and sugar confectionery, fertilizers, timber and timber goods, ferrous metals and equipment formed the basis of export. The worth of import operations totaled USD 162.9 million.

The region imported from Turkey fruits and nuts, chocolate and other foodstuffs, containing cocoa, cotton fabric, equipment, furniture, toys, games and sports equipment.

Foreign trade turnover of Krasnodar Region with Turkey in 2005 totaled USD 644.64 million, almost doubling similar indices of the last year. By volume of trade with our region Turkey ranks the first. The export surplus is positive (USD 38.9 million).

The worth of export operations constituted USD 341.76 million. Iron-and-steel scrap and metal rejects (USD 147.55 million), oil and oil products (USD 127.22 million), unprocessed timber (USD 40.53 million), mineral or chemical fertilizers (USD 11.52 million), sunflower oil (USD 3.97 million) formed the basis of export.

The worth of import operations totaled USD 302.87 million. The region imported from Turkey foodstuffs (USD 170.23 million), mineral and chemical products (USD 29.41 million), textile (USD 10.4 million).

Foreign trade turnover of Krasnodar region with Turkey over 6 months of 2006 totaled USD 397.55 million. By volume of trade with the region Turkey stably ranks the first. The export surplus is positive (USD 59.33 million).

The region realized export operations for amount of USD 228.44 million. Oil and oil products (USD 119.35 million), iron-and-steel waste and metal rejects (USD 62.75 million), unprocessed timber (USD 29.34 million), mineral and chemical fertilizers (USD 4.74 million) formed the basis of export.

The worth of import operations is USD 169.11 million. Foodstuffs (USD 108.02 million), mineral and chemical products (USD 16.29 million), and textile (USD 5.31 million) were imported from Turkey.

About 50 Russian-Turkish enterprises in various spheres have been registered and operate on the territory of Krasnodar Region: manufacturing of industrial and agricultural products, production, purchasing, export and import of foodstuffs, drinks, production and sales of consumer goods, production and technical purpose, transportation, tourist services, restoration and construction of hotel, social, cultural-household and service facilities, manufacturing of construction materials, wood-processing, manufacturing of woodwork.


Ministry for Economic Development and Trade of the Russian Federation The Ministry of Foreign Affairs of Russia Russian Chamber of Commerce and Industry Administration of Krasnodar Region Chamber of Commerce and Industry of Krasnodar Region Foreign Economic Relations Board of Turkey
© 2006, Department of External Economic Activity of the Krasnodar Region