Siberia As a Buyer on the World Market (Summary)

by Galina Kovalyova

Imported commodity flows in Siberia are registered mainly in Customs House statistics as an independent trade of Siberian regions. There is also an unregistered supply by the representatives of big foreign companies in Moscow or other cities, as well as free individual trade business. These statistics show that 1994 opens a period of import growth in Siberia. In 1995 113 countries imported their goods in Siberia.

In 1995 the biggest buyer on the World market among Siberian regions was Tyumen Oblast, the value of whose import amounted to one third of import into Siberia overall. The 1995 machine-building productions share in the value of Siberian import was 43.3%. The high rank of machinery and equipment import partially resulted from demand from local businesses and enterprises, which were created with foreign investments. Siberia's import has been increasing since import bargains are highly effective under stable dollar-rubble rates. Simultaneously a decline of effectiveness in export activities caused reinvestment of capital from export to import. Russia's increasing failure to provide its own goods, particularly consumer goods, has resulted in continuing imports, despite multiple increases in tariffs. These measures have only made prices higher, but without creating pressure for increased internal production.