Assessment of foreign economic activity development in Kirov region: analysis and perspectives

The article considers the current state of foreign economic activity of the Kirov region and suggests ways to solve the problems of foreign trade turnover reduction. The article analyses the dynamics of foreign trade turnover, changes in the geographical structure of exports and imports of the regional products, the commodity structure of exports represented by non-resource non-energy products. We pay special attention to the enterprises that operate in the industries and export non-resource non-energy products. Among them are the leading manufacturers that demonstrate sustainable development under the sanctions pressure. In order to increase the foreign economic potential of the Kirov region in the world market, it is necessary to properly build a development strategy. Foreign economic activity is an integral part of economic growth of any subject. In recent years, the regional foreign economic activity faces problems that affect export and import positions. There is a need to adapt the regional foreign economic policy to the new conditions of effective management of trade flows. Successful adaptation to these changes will create conditions for maintaining economic stability and development in the long term. The implementation of the proposed measures will allow Kirov region not only to restore its position in foreign markets, but also to reach new levels of economic growth.

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