This article presents a modern interpretation of the concept of 'geoeconomic situation' as applied to one of the most important centers of the Baltic region — the St. Petersburg agglomeration. The coastal location of the agglomeration and close connections with the Leningrad region make it possible to consider the Saint Petersburg coastal region (Baltic Area) as a whole. The article sets out not only to verify, confirm, and explain the features of the geoeconomic position of the coastal region, but also to describe the contiguous geoeconomic space. The position of the St. Petersburg coastal region is of crucial importance for ensuring a steady growth of regional economy, the propagation of industrialization impulses, and modernization in the heart of Russian Northwestern macroregion. At the same time, the specific features of the region's geoeconomic position magnify the 'inherited' ad acquired effects of focal industrialization and space polarization, which creates additional prerequisites for the inversion