Metallurgy Problems Have Reduced Export Potential of Sverdlovsk Oblast

16.04.2009 — News

THE SVERDLOVSK OBLAST.

In 2009 the volume of exports from the Sverdlovsk Oblast will drop due to a price decrease and a sales slowdown in the world metals market. Metallurgy products traditionally accounted for the largest share of the Oblast exports which exceeded $ 10.2 billion last year.

RusBusinessNews was informed by the Sverdlovsk Oblast Government that the Urals industrialists proposed to look for new market opportunities in Africa, Latin America, and the Central Asia. In addition to that, they can reinforce their presence in the CIS countries by upgrading their production capacities and the infrastructure of the republics of the former Soviet Union.As far as European countries are concerned, the Sverdlovsk Oblast offers the development of an innovative cooperation and the engagement of investors from the Old World in the creation of joint projects.

In 2008 the foreign trade turnover of the Sverdlovsk Oblast amounted to 14.5 billion US dollars. Products from the Oblast were in the highest demand in the Netherlands, Germany, China, India, and Korea.