Soviet Union (former) TRADE WITH SOCIALIST COUNTRIES
Sources: The Library of Congress Country Studies; CIA World Factbook
In the late 1980s, the Soviet Union traded with fourteen socialist countries. The political and economic relationships between the Soviet Union and these countries determine the four groups into which these countries can be divided: members of Comecon; Yugoslavia; China; and the developing communist countries of Cambodia, Laos, and the Democratic People's Republic of Korea (North Korea).
Business with socialist countries was conducted on a bilateral, country-by-country basis in which imports balanced exports. Soviet oil exports to these countries bought machinery and equipment and industrial consumer goods, as well as political support without the expenditure of freely convertible foreign currency. In addition, Soviet aid programs, which took the form of direct loans or trade subsidies, almost exclusively involved socialist countries.
Data as of May 1989
NOTE: The information regarding Soviet Union (former) on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Soviet Union (former) TRADE WITH SOCIALIST COUNTRIES information contained here. All suggestions for corrections of any errors about Soviet Union (former) TRADE WITH SOCIALIST COUNTRIES should be addressed to the Library of Congress and the CIA.