The region has been rated fifth in privatization among the Ukrainian regions, and second in privatization of medium and large enterprises. Agriculture Kharkiv Oblast has 490 collective agricultural enterprises and 1,160 private farms. Output in the region is fairly evenly split between crops and livestock. Meat ouput consists of 80 percent cattle, 9.6 percent pork, and 7.9 percent poultry. The region's major exports are machines and equipment, most of which goes to Asia.
Machinery is also the region's major import, followed by minerals and fuel.
Seventy-seven percent of imports come from Europe. U.S. companies registered in the region are involved in casein production, foreign trade, and car sales. Restructuring of major firms and the development of smaller, more consumer-oriented companies must take place for the region to flourish to its potential. Regardless, Kharkiv is a region full of possibilities, given its resource base and head start in attracting foreign investment.