Foreign Economic Relations
The foreign trade turnover of the Leningrad Region in 2020 amounted to 8959.3 million US dollars. Decrease in trade turnover – by 16.4%, while exports decreased by 20.5%, imports – by 9.4%. In the Northwestern Federal District, the Leningrad Region ranks second in terms of commodity turnover and in terms of exports, and third in terms of imports. The largest counterparties are China, Finland, the Netherlands, Germany, Estonia.
Export deliveries (USD 5396.9 million) in 2020 compared to 2019 decreased by 20.5%. In trade with the CIS countries, there was an increase in the value of exports by 1.3%. In trade with non-CIS countries, the value of exports decreased by 22.8%.
Exports to non-CIS countries amounted to USD 4,750.2 million (88.0% of exports from the Leningrad Region).
Exports to the CIS countries amounted to USD 646.7 million (12.0% of the export of the Leningrad Region).
Imports (USD 3,562.4 million) in 2020 compared to 2019 decreased by 9.4%. The value of imports from non-CIS countries decreased by 9.1%, from the CIS countries – a decrease by 13.8%. Imports from non-CIS countries amounted to USD 3,411.1 million (95.8% of imports of the Leningrad region). Imports from the CIS countries amounted to USD 151.3 million (4.2%).
The foreign trade turnover of the Leningrad Region for the 1st quarter of 2021 amounted to USD 2,667. 7 million. The growth of trade turnover is equal to 8.3%, exports increased by 4.3%, imports increased 15.6. Among the subjects of the Russian Federation that are part of the North-Western Federal District, the Leningrad Region, according to the results of foreign trade activity for the 1st quarter of 2021, ranks third in terms of imports (11.2%), second in terms of exports (13.8%) and trade turnover (12.7%).
Exports amounted to USD 1653.5 million. As a result, exports to non-CIS countries increased by 4.4%, to the CIS countries increased by 2.6%.
Imports amounted to USD 1014.2 million. For the 1st quarter of 2021, compared to the same period of 2020, imports from non-CIS countries increased by 17.2%, from CIS countries decreased by 15.8%.
As part of the development of foreign economic relations, as well as in order to inform the foreign business community about the ongoing measures to support business in the Leningrad Region in connection with the spread of the new coronavirus infection, from 2020 to the first half of 2021, online meetings were held with the participation of business representatives, heads of consular offices in Petersburg (Consulates General of the Republic of Azerbaijan, branches of the Embassy of the Republic of Belarus in the Russian Federation in St. Petersburg, the Federal Republic of Germany, the Republic of Korea, the Republic of Uzbekistan, the Republic of Finland, the French Republic, the Kingdom of Sweden, Japan).
