MINSK, 21 February (BelTA) – Enterprises run by the Belarusian Industry Ministry intend to increase their export by 9% in 2019, BelTA learned from Belarusian Industry Minister Pavel Utyupin at a session of the ministry's board.
The official said: “We have to increase export by 9% in 2019. It can be done by exporting new products and by expanding the geography of sales. Last year we exported products to 117 countries. Credit goes where credit is due: our growth is much higher in the regions, which are not conventional markets for us.”
The market of the Eurasian Economic Union remains the main one, with its share as large as about 56%. Belarus has no intention of abandoning it, stressed the minister, yet it will work to deliver more to Europe, Asia, and Africa.
Asked about the even distribution of export volumes between the Eurasian Economic Union, the European Union, and distant-arc countries, Pavel Utyupin noted it can be done in the future by means of creating new machines, vehicles, and equipment and by finding partners to set up assembly enterprises.
In 2018 merchandise export by Industry Ministry enterprises exceeded $4,671.1 million, with the growth rate at 111% as against 2017.More about Economy