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Belarusian merchandise export to Armenia up by 72% in 2022

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MINSK, 1 December (BelTA) - Belarusian merchandise export to Armenia increased to $80 million this year, Belarusian Minister of Antimonopoly Regulation and Trade Aleksei Bogdanov said at a meeting with Armenian Economy Minister Vahan Kerobyan, BelTA has learned.

"Our exports to Armenia this year increased by 72% and reached $80 million, while deliveries to Belarus tripled to about $50 million. We see that amid the sanctions Belarus and Armenia are committed to developing trade. Belarus imports a large amount of Armenian cognac, both bottled and distillate, which we then bottle at our enterprises. Today we are mulling over a project to set up a trading house of Armenia in Belarus, which will contribute to the cooperation between our countries. It is expected to act as an exporter and an importer of various types of goods. I am sure that this will help expand our trade," Aleksei Bogdanov said.

The minister added that work is constantly underway to promote Belarusian food products on the Armenian market. “Our meat and dairy products, including cheeses, appear to be very popular in your country. We also supply machinery and equipment, there is an interest in the construction business. From Armenia we buy vegetables, fruits, wine materials and a number of other goods. If any difficulties arise, we get in touch with our partners and handle them,” Aleksei Bogdanov added.

In addition, there are plans to encourage Armenian companies to get registered at the Belarusian Universal Commodity Exchange and sell their goods at the BUCE import substitution platform. According to the minister, this will give another impetus to bilateral trade.

In January - September 2022, the trade between the two countries amounted to $128.5 million (206.2% as against the same period last year).

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