Zhytomyr region – developed agro-industrial regions of Ukraine.
The competitive advantages of the region are:
– An investment partnership with 98 countries in the world;
– 430 existing enterprises with foreign capital;
– The unique natural resources: fertile black soil, 80% of national reserves of titanium ore and quartzite;
– 4th place in Ukraine on the number of forest resources, place 1 in the number of common stocks of wood;
– A large number of wood-processing enterprises;
– The presence of the high potential for organic agricultural production.
On the territory of the Zhytomyr region, there are more than 400 enterprises of the main circle.
In the structure of industrial production is dominated by the following economic activities: manufacture of food products, manufacture of non-metallic mineral products, wood processing, mining, machinery manufacturing, chemical production.
Enterprises in the region exporting products to many countries around the world.
|
№ |
Main export partners | %
|
Main import partners | %
|
| 1 | Russian Federation | 35,2 | Poland | 17,0 |
| 2 | Turkey | 8,1 | Germany | 12,2 |
| 3 | Poland | 6,4 | Belarus | 8,6 |
| 4 | Germany | 6,2 | China | 7,5 |
| 5 | Belarus | 6,1 | Russian Federation | 7,00 |
| 6 | Italy | 5,0 | Italy | 6,5 |
| 7 | Moldova | 2,8 | USA | 5,7 |
| 8 | Switzerland | 2,7 | Turkey | 3,0 |
| 9 | Kazakhstan | 1,9 | France | 2,8 |
| 10 | Slovakia | 2,5 | ||
| 11 | Holland | 2,5 | ||
| 12 | Hungary | 2,4 | ||
| 13 | Czech Republic | 2,0 |
In 2015 the economy in the Zhytomyr region was attracted 250.3 million. US dollars of direct investments from 49 countries of the world.
The volume of direct investments in the region as of 2015
| № | Country | mln.dol. USA | % |
| 1 | Cyprus | 123,7 | 49,4 |
| 2 | Holland | 36,4 | 14,6 |
| 3 | Switzerland | 16,9 | 6,8 |
| 4 | Germany | 8,8 | 3,5 |
| 5 | Russia | 8,4 | 3,3 |
| 6 | Poland | 8,0 | 3,2 |
| 7 | Virgin Islands (Brit.) | 6,7 | 2,7 |
| 8 | Italy | 6,2 | 2,5 |
| 9 | United Kingdom | 5,8 | 2,3 |
| 10 | Austria | 3,4 | 1,4 |
| 11 | Israel | 3,4 | 1,3 |
Geographical structure of foreign trade in goodsZhytomyr region in 2015
| Export | Import | Balance | |||
| thousand dollars | in % to
2014 |
thousand dollars | in % to
2014 |
||
| Total | 441318,7 | 66,4 | 246377,7 | 86,2 | 194941,0 |
| Including | |||||
| Azerbaijan | 4974,5 | 40,2 | – | – | 4974,5 |
| Belgium | 2888,4 | 64,2 | 606,0 | 38,8 | 2282,4 |
| Belarus | 19164,6 | 44,3 | 48377,2 | 585,2 | –29212,6 |
| United Kingdom | 6345,0 | 93,8 | 1052,1 | 75,2 | 5292,9 |
| Georgia | 11436,3 | 115,8 | 46,8 | 35,2 | 11389,5 |
| Denmark | 3879,2 | 92,8 | 4199,8 | 62,1 | –320,6 |
| Egypt | 7741,8 | 60,0 | 182,2 | 37,6 | 7559,6 |
| Israel | 3281,1 | 71,0 | 529,4 | 59,9 | 2751,7 |
| India | 6035,1 | 144,6 | 1473,7 | 76,1 | 4561,4 |
| Spain | 11855,6 | 76,3 | 3772,8 | 80,0 | 8082,8 |
| Italy | 27736,4 | 91,4 | 22741,6 | 88,4 | 4994,8 |
| Kazakhstan | 6158,6 | 58,5 | 503,1 | 20,4 | 5655,5 |
| China | 11128,8 | 39,5 | 12782,9 | 79,3 | –1654,1 |
| Lithuania | 4940,2 | 20,0 | 563,5 | 50,1 | 4376,7 |
| Lebanon | 2660,4 | 256,0 | – | – | 2660,4 |
| Morocco | 2674,5 | 378,5 | – | – | 2674,5 |
| Moldavia | 8857,8 | 68,6 | 508,0 | 123,1 | 8349,8 |
| Holland | 9954,6 | 70,6 | 5075,6 | 64,2 | 4879,0 |
| Germany | 36925,3 | 76,9 | 29981,8 | 72,0 | 6943,5 |
| Poland | 40400,2 | 137,1 | 37837,1 | 77,7 | 2563,1 |
| Russia | 64043,6 | 38,0 | 15626,3 | 58,4 | 48417,3 |
| Romania | 24421,1 | 132,3 | 2528,6 | 54,6 | 21892,5 |
| Slovakia | 2781,0 | 70,4 | 1886,5 | 35,0 | 894,5 |
| USA | 955,6 | 34,1 | 9072,1 | 70,7 | –8116,5 |
| Turkey | 37641,2 | 107,5 | 4384,9 | 47,8 | 33256,3 |
| Hungary | 15464,7 | 106,6 | 9214,2 | 95,8 | 6250,5 |
| Uzbekistan | 1689,6 | 24,9 | 2638,5 | 291,2 | -948,9 |
| France | 3324,5 | 64,1 | 1956,8 | 42,8 | 1367,7 |
| Czech Republic | 4831,7 | 79,1 | 6180,6 | 86,2 | –1348,9 |
| Switzerland | 16784,2 | 114,1 | 2520,6 | 65,8 | 14263,6 |
| Sweden | 4124,5 | 89,3 | 3820,1 | 89,5 | 304,4 |
Priority sectors for investment in the region are:
– Agribusiness;
– Growing of flax, recovery plants for processing of flax;
– Construction of tourist facilities;
– Development of rural tourism;
– Production of equipment for alternative energy sources;
– Manufacture of electrical products;
– Construction of logistics facilities;
– The creation of industrial parks.