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Import and export data show that Belarus' timber imports increased by 154% year on year

2023-06-30

In early June, the Belarusian Minister of economy, the Deputy Minister of agriculture and grain, and the Deputy Minister of transport and communications visited China. According to import and export data, this was another exchange activity after the visit of Belarusian president Lukashenko to China in February. The close visit marks the strengthening of trade relations between the two countries, and Chinese experts and traders are also optimistic about deepening cooperation between China and Belarus.

According to import and export data, since the dispute between Russia and Ukraine, Belarus has gradually lost the EU market and turned to developing sales markets in the Middle East and Asia, including the Chinese market. At the exchange meeting, China expressed support for the export of Belarusian high-quality products to China.

According to import and export data, the volume of timber exported from Belarus to China has been growing since this year. Import and export data show that as of April, the volume of timber exported from Belarus to China has increased by 154% year-on-year, with a total of 282800 m3. According to the analysis of the current trade relations between the two countries, this figure will increase. At the same time, purefine wood trade agency, which has been doing business with Belarus since 2012, also said that its trade with Belarus this year increased by 20-30% year-on-year, most of which were wood products. "Chinese traders can pay in RMB, which to some extent resists the potential risks and costs brought by the US dollar. In addition, the price and quality advantages of Belarusian timber have a certain competitiveness in the Chinese market."

Overall, the timber trade cooperation between China and Belarus has great potential. However, due to the underdeveloped overseas transportation facilities, low port operation efficiency and other factors, the current transportation capacity is limited. If the transportation can be upgraded, the trade volume between the two countries is expected to double, Huacheng import and export data observation reported.


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