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20 October 2021, 11:59

EAEU's foreign trade exceeds pre-COVID level by 10%

MOSCOW, 20 October (BelTA) – The foreign trade in the Eurasian Economic Union has exceeded the pre-COVID level by 10%, official representative of the Eurasian Economic Commission (EEC) Iya Malkina told a briefing for the pres in Moscow on 20 October, BelTA has learned.

"In January-August of this year, the foreign trade with countries outside the EAEU amounted to $522 billion, up by a third year-on-year," Iya Malkina said. “We exceeded the pre-COVID level of January-August 2019 by almost 10%. Exports surged by 38.5%, imports - by 24.5%".

The EAEU stock markets continued to grow in Q3 2021. The total trading volume totaled $3.6 trillion, up by 9% year-on-year. "Trading volumes on the largest commodity exchanges hit $7.7 billion in Q3 2021, up by 49% year-on-year. The leading items were oil products and precious metals," the EEC representative noted.

"Direct investments in the EAEU countries amounted to $14.7 billion in H1 2021. There was a net inflow of foreign direct investment in all EAEU states, except Russia. In the aggregate, the inflow across all categories of investments was observed in Armenia, Belarus and Kazakhstan," Iya Malkina added.

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