In 2001, trade turnover between Russia and Denmark grew by 30% on the year, preliminarily to $ 1.12 billion. According to the press service of the Ministry of Economic Development, Russia's exports to Denmark increased by1.3% on the year to $ 415 million while import into Russia from Denmark grew by 34% on the year to $ 705 million. To Denmark, Russia exports oil, petroleum products (48% of the total exports), fish and other seafood 21%), timber and lumber (9%), ferrous metals (6%), fertilisers (3%), cloths (3%), and natural furs (1%). Recently Russia began exporting to Denmark ships, boats, and other floating vehicles (1%). Imports from Denmark include foods and raw stocks (42%), machines and equipment (24%), furniture (3%), footwear (2%), and meats (15%). Danish investments in Russia's economy come to a total of about $ 300 million.