China ranks as one of Belarus' primary export destinations
In the realm of international trade, the Belarusian Universal Commodity Exchange (BUCTB) has witnessed a significant shift, with China making a notable impact.
As of the latest statistics, China has ascended to the sixth position among the countries with the most accredited companies on the BUCTB, a testament to its growing involvement. The exchange has seen a boost in the dynamics of deal amounts, largely due to the expansion of Chinese participation in trading activities.
The past eight months have been particularly fruitful for Chinese companies on BUCTB, with a turnover of $94 million, representing a 7% increase compared to the same period in 2024. This growth is not limited to the deal amounts, as the share of certain commodities, such as dry milk, meat products, and flax fiber, in sales to China has surged from 2% to 14%.
Belarusian enterprises have also benefited from this trading relationship, with sales to China amounting to $78.2 million from January to August. Agricultural products account for 14% of all exports to China, while timber materials make up 85% of Belarusian goods supplies to the Chinese market.
The exchange press service has commented on the 7% increase in the deal amount, attributing it to the active purchases of Chinese technological equipment, industrial tools, and components, as well as black and colored metals. This surge in imports has seen the share of imports in the total volume of Belarus-China exchange trade increase from 2% to 16%.
The number of Chinese residents accredited for trading on the BUCTB platform has also seen a significant rise, with 375 now holding accreditation. Four brokers are among the 311 accredited companies from China on the exchange. Since the beginning of 2025, an additional 64 Chinese residents have been accredited.
Despite this growth, there is no public information available about Chinese companies registering on the Universal Commodity Exchange in Belarus since early 2025. However, China remains the third export market for Belarusian products following eight months of exchange trading, with Russia and Uzbekistan ahead in terms of the total amount of deals in Belarusian exports.
In conclusion, the Belarusian Universal Commodity Exchange has seen a positive shift in its dynamics, with China playing a significant role. The increase in the number of accredited Chinese companies, the surge in deal amounts, and the diversification of commodities traded are all indicative of a strengthening relationship between the two nations.
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