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WEEKLY NEWSLETTER
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Soviet Union
Index
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
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