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Belarusian Universal Commodity Exchange celebrates 15th anniversary

06/02/2020

On June 2, 2005, Belarusian Universal Commodity Exchange (BUCE) hosted its first trading session, which resulted in Bellesexport (Belarus) and International Paper Kwidzyn (Poland) making the first exchange transaction to the tune of 189 thousand USD.

Since then, some 3.2 million transactions worth 21 billion USD have been executed on BUCE with exports exceeding 5.8 billion USD. Round timber, ferrous metal products and oil meals are the best-selling commodities in the domestic market, whereas sawn timber and dairy products account for the lion’s share of export transactions.

BUCE’s client base currently contains about 24 thousand companies, including foreign businesses from 63 countries worldwide. All trades are held online across 5 commodity sections: metal products, timber products, agricultural products, industrial and consumer goods and promising commodities.

Over 15 years, due to market pricing mechanism and high concentration of supply and demand, BUCE digital marketplace helped Belarusian companies save and/or earn extra 1.3 billion USD.

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