The Gomel region possesses a considerable economic potential. More than 300 big and medium enterprises are situated on the territory of the Region, their production volume constitutes over 23% of the republican volume of industrial output.
Fuel industry, metallurgy, machine-building and metal-working, woodworking, pulp and paper, and chemical ones are the leading branches of industry.
The production of all finished steel of Belarus, forage harvesters, window glass, phosphate fertilizers is carried out in the Gomel Region; here all Byelorussian oil and gas is extracted.
The industry of our Region manufactures over 90% of all Byelorussian steel, common salt, a half of motor petrol, diesel fuel, cardboard, a third of particle boards, about 25% of plywood and paper.
The agroindustrial regional complex can satisfy in full volume the demands of the population in main food products and supply the reprocessing industry with raw materials.
Main agricultural industries are meat and milk cattle breeding, vegetable, potatoes, and flax growing.
Grain crops, about 49% of all sown area, are grown in the Region. 12% are occupied by potatoes, 4% - by vegetables and technical crops. Forage crops grow on 34% of sown area.
The production capacities of enterprises allow to effect the export of canned milk, animal oil, casein, and canned vegetables.
Over 70% of all manufactured production is exported to foreign markets. Organizations of the Gomel Region carry out export-import operations with 84 countries of the world. Trade with Great Britain, Germany, Poland, Ukraine, Italy, the USA, Latvia is deloped especially actively. Within the last few years the steady growth of foreign trade turnover volumes was recorded.
The Russian Federation remains a main foreign economic partner of the Region, its share constitutes about half of foreign trade.