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8 May 2018

Belarusian export to Japan up 46% in Q1 2018

MINSK, 8 May (BelTA) – The Belarusian export to Japan increased by almost 46% in Q1 2018, in comparison with the same period last year, Ambassador Extraordinary and Plenipotentiary of Belarus to Japan Ruslan Yesin told BelTA.

“A long distance between Belarus and Japan is no longer a problem to develop trade and economic cooperation taking into account modern telecommunication technologies and transport and logistics capabilities. In 2017 the bilateral trade totaled $138.8 million, up 11.7% since 2016. The Belarusian export went up 41.4%. The growth in Belarusian supplies in Q1 2018 made up 45.9%,” Ruslan Yesin said.

Belarusian exporters supply to Japan raw materials, microscopes, diagnostic reagents, lasers and devices on liquid crystals, wooden products and furniture, electric transformers, children's toys, knitwear, textile products, and gelatin.

“The Japanese market is beneficial for Belarusian enterprises. However, in the organization of work, it is necessary to take into account not only its capacity (the population of 127 million) and solvency (the minimum salary per hour in Japan is about $10), but also high quality requirements, delivery schedule compliance and production costs according to the contract,” the diplomat said.

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