MINSK, 27 January (BelTA) – Belarus intends to broaden the product range of its exchange trade with Azerbaijan, the press service of the Belarusian Universal Commodity Exchange (BUCE) told BelTA.
In 2026, the goal is not only to increase the volumes of exchange trade between Belarus and Azerbaijan in already established product categories, but also to add new promising items to the list of goods traded in import-export deals. Exchange brokers are expected to play a key role in achieving both objectives. They help aggregate supply and demand on the exchange, facilitate transactions, and assume part of the risks related to payment and delivery of goods to buyers. This was stated by Yaroslav Kovalchuk, Head of the BUCE Foreign Economy Department, during a meeting with a representative of an Azerbaijani brokerage company accredited last year to attract buyers of Belarusian forestry products to exchange trading.
The parties discussed the main indicators of exchange trade with Azerbaijan in 2025, identified potential obstacles, and outlined a work plan for 2026.
“Last year, Azerbaijani companies ranked fourth in terms of transaction value among all non-resident participants accredited at the exchange. This was largely due to regular purchases of Belarusian sawn timber, which accounted for 95% of the exchange trade between Belarus and Azerbaijan. The remaining 5% came from agricultural products. Azerbaijan imported, in particular, powdered milk and cream, butter, dry ice cream mix, beef, and beef by-products. For comparison, in 2024 the share of the agricultural segment was only about 1%. Thus, diversification of the commodity structure of Belarus-Azerbaijan exchange trade can be considered one of last year’s key trends, which we plan to further this year. Naturally, in this matter we count on the support of brokers, who will help us identify promising niches in the Azerbaijani market and unlock their potential,” Yaroslav Kovalchuk emphasized.
As of today, BUCE’s network of exchange brokers includes 63 organizations from 12 countries. Among non-residents, Russia is most widely represented with seven brokers, followed by China and Uzbekistan, each with three accredited brokers. In 2025, the share of transactions facilitated by exchange brokers in BUCE’s total turnover amounted to 16%.
Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with export and foreign companies with entering the Belarusian market. BUCE sells a wide range of metal, forestry and agricultural products, industrial and consumer goods.
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