The amount of transactions of Chinese companies at BUCE in the first quarter increased 7.5 times to $56.3 million

April 24, Minsk . The amount of transactions of Chinese companies on the Belarusian Universal Commodity Exchange (BUCE) in the first quarter increased 7.5 times to $56.3 million, BUCE press secretary Roman Yaniv told a BELTA correspondent.

Director of the Brest branch of BUTB Oksana Kharitonovich took part in the international forum of business contacts "Brest - China . Strategic partnership", which takes place on April 23-25 ​​in the city above the Bug. The purpose of the event, which brought together about 250 participants from Belarus and China, is to develop bilateral trade and economic cooperation, including in such a promising area as electronic exchange trading.

According to BUCE, in the first quarter of 2024 , the amount of transactions by Chinese exchange trading participants amounted to $56.3 million, which is 7.5 times more than for the same period in 2023. At the same time, China has become the second largest market for Belarusian goods through the exchange platform after Russia, providing about 20% of the total volume of Export sales. In particular, enterprises of the Brest region mainly supplied wood processing products to the Chinese market, and according to the results of the first three months of this year, the amount of exchange contracts with residents of the People's Republic of China reached $400 thousand.

“Activation of exchange trade between the regions of Belarus and China is among the priorities of BUCE at the near future, and participation in regional business events is an integral part of this work. The Brest - China Forum. Strategic Partnership" is an excellent opportunity to establish contacts with representatives of the Chinese business community and attract them to the exchange platform as buyers. Moreover, we are talking not only about lumber, but also about agricultural products, especially since all the leading agricultural producers of the Brest region are accredited on the exchange In this context, one of the potential growth points for the exchange trade turnover of the Brest region with China could be dairy products and Meat products, which are the hallmark of the region and will undoubtedly be in demand in the Chinese market,” the BUCE press service commented.