Foreign Economic Activities of the Republic of Tatarstan Foreign trade turnover The Republic of Tatarstan as one of the most economically developed regions in the Russian Federation is an active player of foreign economic activities among Russia’s regions. In Q1 2013, the Tatarstan foreign trade turnover (FTT RT) totalled US$ 6,514.4 million which is an increase by 3.7% as compared to Q1 2012. With that, the republic’s exports were US$ 5,612.2 million and imports, US$ 902.2 million. The positive balance of the Tatarstan foreign trade turnover in Q1 2013 constituted US$ 4,710 million as against US$ 4,850.4 million in Q1 2011. The export/import coverage ratio was 6.2 (for reference: in Q1 2012 it was 7.8). In the structure of Tatarstan foreign trade turnover in Q1 2013, exports accounted for 86.2% and imports, for 13.8%. Changes in basic figures of foreigh trade turnover in Tatarstan in the period from 2008 to Q1 2013 30,000 25,000 US$ million 20,000 15,000 10,000 5,000 0 2008 2009 2010 2011 2012 1Q 2013 FTT RT 21,373.4 13,491.6 19,563.2 25,291.9 25,170.9 6,514.4 Exports 18,445.8 11,748.6 16,986.0 21,896.0 21,342.2 5,612.2 Imports 2,927.6 1,743.0 2,577.2 3,395.9 3,828.7 902.2 Balance 15,518.2 10,005.6 14,408.8 18,500.1 17,513.5 4,710.0 1 Exports Commodities exported from Tatarstan in Q1 2013 were dominated by mineral products (79.3% of total exports) and chemical products, rubber (10.2%). In Q1 2013, the major exporters from Tatarstan were the Netherlands (with 23.8% of the total exports), followed by Italy (with 14.0%), Poland (9.7%), India (8.6%), Hungary (5.0%), Finland (4.8%), the United Kingdom (3.5%), Slovakia (3.4%), France (2.9%), Sweden (2.8%), Belgium (2.3%), Latvia (2.2%), Bosnia-Herzegovina (2.1%), and Germany (2.1%). Commodity structure of Tatarstan exports in Q1 2013 Synthetic rubber 8.0% Plastics and plastic products 1.9% Nonferrous metals 0.1% Tyres 1.1% Wood and wooden products 0.1% Machines, equipment, devices and vehicles 7.0% Cyclig hydrocarbons 0.1% Other commodities 2.9% Oil products 16.0% Crude oil 62.8% Imports Tatarstan imports were dominated by mechanical engineering products (in Q1 2013 its contribution was 77.6% of the total). The contribution of chemical and petrochemical sectors in that period was some 13.2%. In Q1 2013, the major importers to Tatarstan were Germany (18.7% of the total Tatarstan imports); Ukraine (11.5%); Turkey (8.0%); the United States (7.8%); China (7.0%); Belgium (6.8%); the United Kingdom (5.6%); Poland (4.8%); the Netherlands (3.4%); South Korea (3.4%); France (2.9%); Italy (2.3%); the Czech Republic (2.2%); and Japan (2.1%). 2 Commodity structure of Tatarstan imports in Q1 2013 Plastics and plastic products 5.1% Essential oils, Organic perfumes compounds 0.1% 2.5% Other commodities 19.7% Ferrous metals 0.4% Ferrous pipes 0.3% Non-ferrous metals 0.7% Machines, equipment, devices and vehicles, their parts 71.2% Foreign trade geography In Q1 2013, the trading partners of the Republic of Tatarstan were 115 countries. Export transactions were performed with 97 countries and import transactions, with 81 countries. The contribution of the non-CIS countries in the Tatarstan foreign trade turnover accounted for 96.5%. Moreover, the contribution of the non-CIS countries in the Tatarstan exports constituted 97.8% and in imports, 87.8%. Results of foreign trade with non-CIS countries The trade turnover of the Republic of Tatarstan with the non-CIS countries in the reporting period totalled US$ 6,032,099,900, which is an increase by 13.1% as compared to the same period last year. Exports amounted to US$ 5,324,866,100 and imports, to US$ 707,233,800. Major commodities were as follows: 3 Exports: Mineral fuels, mineral oils and products of their distillation (81.0% of total exports to the non-CIS countries); aircraft, spacecraft, and parts thereof (8.7%). Imports: Nuclear reactors, boilers, machinery and mechanical appliances, and parts thereof (36.9% of total imports from the non-CIS countries); surface vehicles other than railway or tramway rolling stock, and parts and accessories thereof (25.7%); electrical machinery, equipment and parts thereof, sound recorders and reproducers (7.2%); optical, photographic, cinematographic devices and appliances (4.9%); plastics and products thereof (4.5%); ferrous products (4.1%); organic chemical compounds (2.8%). Results of foreign trade with CIS countries The foreign trade turnover with CIS countries in Q1 2013 totalled US$ 482,330,000. As compared to Q1 2012, the turnover decreased by 49.1%. Exports amounted to US$ 287,324,000 and imports, to US$ 195,006,000. Major commodities were as follows: Exports: Plastics and products thereof (22.0% of total exports to the CIS countries); rubber and products thereof (21.0%); surface vehicles other than railway or tramway rolling stock, and parts and accessories thereof (18.0%); nuclear reactors, boilers, machinery and mechanical appliances, and parts thereof (9.3%); aircraft, spacecraft, and parts thereof (7.7%); mineral fuels, mineral oils and products of their distillation (6.1%); organic chemical compounds (3.8%). Imports: railway locomotives or tramway, rolling stock and parts thereof (70.1% of total imports from the CIS countries); nuclear reactors, boilers, machinery and mechanical appliances, and parts thereof (18.6%). 4