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Latvia, Lithuania and Poland account for 57% of export transactions via BUCE

In H1 2020, Latvia, Lithuania and Poland accounted for 57% of all exports via the Belarusian Universal Commodity Exchange (BUCE). In monetary terms, the amount of transactions executed by residents of these countries reached 116.8 mln USD. Just as last year, Lithuania topped the list of buyers of Belarusian products grossing 56.7 mln USD worth of transactions, which 4% more than in H1 2019.

Trimmed wooden boards, woodchips and rapeseed oil were the most sought after commodities among foreign traders. In particular, Lithuanian companies became the biggest buyers of sawn timber, while Polish businesses were unmatched in terms of the amount of woodchips purchased via BUCE. As for rapeseed oil sales, these were Estonians who grabbed the lead with 2.1 mln USD in closed contracts.

In general, H1 2020 was marked by appreciably wider use of BUCE’s trading platform by foreign residents, which contributed to positive export figures. E.g., export to Belgium grew by 73%, to China – 6-fold, to USA – by 36%, to Spain – by 68%, etc.