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19 January 2022, 18:15

Belarus' industrial output posts biggest rise in EAEU

MOSCOW, 19 January (BelTA) – Belarus' industrial output posted the strongest growth in the Eurasian Economic Union, official representative of the Eurasian Economic Commission (EEC) Iya Malkina told a briefing for the press in Moscow on 19 January, BelTA has learned.

In January-November 2021, the industrial output in the Eurasian Economic Union (EAEU) rose by more than 5% and amounted to $1.2 trillion. "Belarus and Russia posted the highest increase (+6.7% and +5.2% respectively)," Iya Malkina noted.

In January-November 2021 there was also a positive trend in new home construction in the EAEU (+22.5%) and retail (+7.2%).

"According to our estimates, the export in 2021 will total $500 billion, the maximum since 2015 (up by 41% in January-October 2021) and the intra-union trade will rise by 31.3% to exceed $70 billion, which was a record high," Iya Malkina emphasized.

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