Taganrog is the leading industrial center of Rostov Oblast. Local industry is presented by aerospace, machine-building, automobile, military, iron and steel industry, engineering, metal traders and processors, timber, woodwork, pulp and paper, food, light, chemical and industry of construction materials, and one of the major ports of the Sea of Azov.
The biggest company currently operating in Taganrog is Taganrog Metallurgical Plant, (publicly traded company Tagmet). The plant manufactures steel, steel pipe for oil and gas industry and consumer goods. The other major employer is Taganrog Auto Factory (TagAZ Ltd.) which originated from Taganrog Combine Harvester Factory. The plant manufactures automobiles licensed by Hyundai. The production line includes Hyundai Accent compact sedan, mid-size Hyundai Sonata, sport utility vehicle Santa Fe and Hyundai Porter pickup truck.
The area around Taganrog has a large industrial potential, a diversified agricultural industry, production plants and a modern infrastructure. The location of Taganrog on the intersection of traffic routes and the seaport facilitate access to the emerging CIS markets.
Taganrog's main trading partners are the CIS countries, South Korea, Turkey, Italy, Greece, and Egypt
