Belarus to keep sales up on Russian market with lower export prices

December 19, 2016 12:05

According to the National Statistics Committee, Belarus’ exports to the Russian market in January - October 2016 totalled 8.8 billion and increased by 0.7% as compared with the same period in 2015. Prices for most Belarusian export items on the Russian market fell as compared with 2015. The growth in export was mainly due to higher export volumes, including the biggest growth in exports of capital goods (machinery and equipment, means of land transport). The Russian Food Administration is likely to continue to control fruit and vegetable supply to Russia from Belarus in order to reveal re-exports. In addition, exports of non-food consumer goods from Belarus (clothing, footwear, household appliances) to the Russian market are likely to increase. Stagnation in the construction industry is likely to lower the demand for decoration and building materials from Belarus. Due to the increased share of the Russian rouble in the basket of currencies, Belarus will improve response to changes in prices in Russia, and if necessary, will step up the competitiveness of Belarusian goods by propping up the national currency.

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