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21 January 2022, 10:39

Intra-EAEU sales, union's foreign trade grow at fast rate

MOSCOW, 21 January (BelTA) - The Eurasian Economic Commission (EEC) records high growth in the internal and foreign trade of the Eurasian Economic Union (EAEU), BelTA has learned.

“The intra-EAEU trade is recovering fast. In January-November 2021, the union's internal trade amounted to $65.5 billion, up 32.4% compared to the same period last year and up 17.8% from the pre-pandemic period of January-November 2019,” the EEC press service.

All the member states posted an increase in the intra-EAEU sales: Kazakhstan - 35.3%, Russia - 35.2%, Kyrgyzstan - 30.4%, Armenia - 27.4%, Belarus - 24.8%.

The EAEU foreign trade in goods amounted to $752 billion in January-November 2021, including $465.9 billion in exports and $286.1 billion in imports. Export supplies increased by 42.5% and the import ones by 22.8% compared with the same period last year.

“In January-November 2021, Belarus' export of goods to countries outside the EAEU went up 50.3%, Russia's supplies increased by 45.4%, Kazakhstan's - by 23% and Armenia's - by 16.3% compared to January-November 2020. The EU countries (42.2% of the total) and the Asia-Pacific Economic Cooperation (28.6%) were the main buyers of the EAEU goods. China and Germany were the main importers to the EAEU market,” the press service said.

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