Vologodskaya region is the most industrially developed administrative unit of the Northern economic region. Covering 1% of the Russian territory, it produces 19.1% of ferrous metals, 11.8% of mineral fertilization, 12.6% of linen fabrics. Production of Volgograd enterprises makes up 2.3% of overall volume of Russian export.
In comparison with other regions they region avoided abrupt recession of production. In 1999 they achieved 9% of growth.
The region is one the biggest producer of meat, milk, eggs.
Vologodskaya region is oriented to export. In 1999 the sum of export production was $1.237.8 billion. Historically in Vologodskaya region metallurgy is the leading industry, however there is good potential in other branches: chemical, forest. In 1999 the volume of outer trade made up $ 1.377.7 billion. Marketable structure of the export is defined by production of metallurgy, chemical and machine-building enterprises.