MINSK, 7 October (BelTA) – Belarusian exporters have coped with serious challenges this year, Belarus' Prime Minister Roman Golovchenko said as he briefed representatives of the military, security and law enforcement on the military, political, social and economic situation, BelTA has learned.
“At the beginning of the year, we faced the disruption of transport and logistics chains. Many traditional transportation routes became unavailable for us, the remaining ones rose in price many times over. This was a very serious challenge that we had to respond to,” Roman Golovchenko said.
According to him, the government has done a lot to redirect cargo flows, develop new transportation schemes, and reduce tariffs. “Now we have practically no problems with the export of goods,” the prime minister noted.
As the head of government said, the domestic economy performed quite well financially. “In January-July, revenue of enterprises increased by more than 10% year-on-year. 2022 promises the best grain harvest over the past five years. Our industry giants are successfully operating. In August, the output of mining dump trucks increased by 32%, tractors by 7%, integrated circuits by 18%, TV sets by 19%,” Roman Golovchenko said.
One of the main strategic partners of Belarus is the Russian Federation. “The withdrawal of Western companies from Russia or suspension of their operations there opens up additional niches for our manufacturers. This year we plan to increase exports to Russia up to $23 billion, while the overall trade might reach $45 billion. Starting from June our monthly export to the Russian market was the highest in the past ten years and made up about $2 billion monthly,” he said.
In addition to that, Belarus is busy redirecting its exports to other markets, including China, and countries of Southeast Asia and Latin America.