Exports of agri-food products - increase in supplies from Belarus

Published Sep 17, 2020

Tridge summary

Belarus has experienced a significant increase in agri-food exports to the CIS countries and new markets, with a total export growth of 6.5% from January to July, generating $3.2 billion in revenue. The country has found new customers in 14 countries, including South Sudan, Bangladesh, and Niger, and has seen a record increase in exports to China. However, Russia, the largest trading partner, reduced its imports of Belarusian products by 7.1%. The European Union and the United States are the largest global suppliers of agri-food products, with the Polish Economic Institute noting that most of the trade involves industrial processing products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From January to July, Belarus increased its agri-food exports to the CIS countries by 52 percent. It also found new customers in 14 countries around the world. On the other hand, the only recorded drop in supplies concerns Russia. Exports of agri-food products in Belarus in the first 7 months of 2020 increased by a total of 6.5 percent, according to the Ministry of Agriculture and Food. During this period, Belarusians earned $ 3.2 billion on foreign food supplies, which is $ 196.6 million more than in the same months last year. Meat was sold for $ 572.3 million, milk for $ 1.4 billion, and sugar for $ 98 million. The export of agri-food products from Belarus reached 101 countries of the world. In addition, new buyers appeared. South Sudan, Bangladesh and Niger started to import powdered milk for the first time, India - flax fiber and dried whey, Sierra Leone - eggs, Guinea, Djibouti and Somalia - sugar, Bahrain - bread and flour confectionery, Paraguay, Cyprus, Finland and Croatia ...

Source: SwiatRolnika