Business news

30 Mar 2022

Promising markets for Belarusian equipment outlined

An archive photo

MINSK, 30 March (BelTA) - Belarusian Industry Minister Piotr Parkhomchik outlined promising markets for Belarusian equipment in an interview with BelTA.

"Companies affiliated with the Industry Ministry export more than 60% of their output every year. The main sales market is our traditional partner Russia. Promising markets for Belarusian equipment are the markets of Africa and Asia," Piotr Parkhomchik said.

Agricultural machinery is very popular among consumers from Africa. Over the past year, Belarusian tractors worth about $12 million were shipped to African countries. In June 2021, a contract was signed to supply more than 1,000 of them to Zimbabwe for $26.5 million.

"Currently, we are working to supply a large batch of Bobruiskagromash tractors and attachments, Lidagroprommash sprayers and Gomselmash harvesters to Nigeria. We are eyeing the markets of South Sudan, Zambia, Malawi, Egypt. Belarusian utility and forestry vehicles, special-purpose equipment are in demand there," the minister said.

Construction of grain drying facilities is a promising area of cooperation with African countries. It is now being actively worked out by the enterprises of the Industry Ministry together with dealers and foreign partners. Work is underway to set up assembly plants for agricultural, automotive and road machinery.

The Asian markets are of great interest to the Industry Ministry. "For example, BKM Holding intends to implement a project in India to set up an electric transport network based on Belarusian-made electric buses. Work to promote our electric buses is actively carried out in the countries of the Middle East, in particular in Israel," the minister noted.

Particular attention is paid to the capacious markets of Latin America. "This is also one of the promising export destinations. For example, in 2021, we supplied harvesters to Argentina (for $900,000) and Brazil (for $325,000), metal products to Brazil (for $8.1 million), Ecuador (for $3.3 million) and Mexico ($4.7 million), dump trucks of various carrying capacity to Chile (for $32.2 million), tractors - to Cuba (for more than $6 million) and Nicaragua (for $810,00),” Piotr Parkhomchik said.

This year, after a long hiatus, the joint Belarusian-Venezuelan enterprises have resumed production.



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