FOREIGN ECONOMIC RELATIONS

More than 430 participants of foreign trade departments cooperate with foreign partners from 71 countries. Foreing trade turnover in 1995 accounted for US $566,5 million, including trade with foreign countries - US $449.7 million.

The main and traditional items to export from the Udmurtia Republic are oil, timber, sporting and hunting guns, cars and motorbikes, rolled constructional, alloyed, stainless and other steels, different kinds of bearings and casein.

In 1995 total volume of exports was US $408.8 million. The produce is exported mainly to 71 countries, but mainly to the USA, Germany, France and Egypt. Oil deliveries make up 46% of the export structure, produce of ferrous metals 17,5%, machines and equipment 10%, sporting and hunting guns 5.3%

Machines and equipment, medicines, medical equipment and consumer goods, food stuffs are imported to the Republic. The total volume of imports in 1995 was US $157.7 million. The main foreign partners are from Ukraine, Germany, Hungary, the USA and Kazakhstan.

By the end of 1995, 156 companies with foreign investments were registered in the Republic. The largest are: Russian-German Joint Venture "IZHTEL" - manufacturing and distribution of modern digital communication systems, Russian-Czech Republic Joint Venture Ural Invest Oil Corporation" (UOIL) - workings of oil-fields, Russia-Finnish Joint Venture "Sarabella" - footwear manufacturing, Brittish enterprise "Furniture International" - furniture production, Russian-American Joint Venture"IZHCOM" - developing of telecommunication systems, Russian-American Joint Venture "UVIMEX" - jewellery production.

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Portions copyright Communication Company MARK-ITT, 1994-96
Design: Communication Company MARK-ITT, 1994-96