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Economy
17 March 2021, 12:54

Domestic merchandise trade in Eurasian Economic Union 3.3% up in January

MOSCOW, 17 March (BelTA) – In January 2021 mutual trade in merchandise between countries of the Eurasian Economic Union (EAEU) rose by 3.3% in comparison with January 2020, BelTA learned from Iya Malkina, Aide to Chairman of the Board of the Eurasian Economic Commission Mikhail Myasnikovich.

According to the Statistics Department of the Eurasian Economic Commission, the volume of mutual merchandise trade inside the Eurasian Economic Union totaled $4.2 billion in January 2021, 3.3% up or $133.7 million up from January 2020.

The growth is attributed to higher merchandise shipments to countries of the Eurasian Economic Union: 19.3% up to Armenia, 3.1% up to Belarus, and 5.4% up to Russia.

According to the Statistics Department of the Eurasian Economic Commission, the Eurasian Economic Union's foreign merchandise trade with countries outside the union amounted to $46.6 billion in January 2021 (10.5% or $5.4 billion down from January 2020), with export at $28.3 billion (17% or $5.8 billion up) and import at $18.3 billion (1.9% or $0.4 billion up).

The decrease in the Eurasian Economic Union's foreign merchandise trade is attributed to lower export from Armenia (19.6% down), Kazakhstan (31% down), Kyrgyzstan (5.2% down), and Russia (16.9% down). The Eurasian Economic Union's merchandise import was decreased due to the reduction of merchandise import to Armenia (17.3% down), Belarus (3.5% down), and Kyrgyzstan (41.9% down).

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