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«AgroInvest» — News — Customs Union’s internal trade turnover grows 17% in 1Q 2012

Customs Union’s internal trade turnover grows 17% in 1Q 2012

2012-06-26 16:55:18

There are a number of goods whose export from Kazakhstan to Russia increased repeatedly, for example, shoes grew 232 times up to 1.6 million pairs in the first quarter of this year from 6.8 thousand pairs, as well as computers - 31 times up to 356.7 from 11.4 thousand units.

The Customs Union’s internal trade turnover increased by 17% to 16.32 billion US dollars in the first quarter of 2012, Andrei Slepnev, the Minister of Commerce and board member of the Eurasian Economic Commission, reported. Mutual trade in goods with a high degree of processing increased significantly. Foreign trade turnover of Russia, Belarus, and Kazakhstan increased by 18.1% in the first quarter of 2012 over the same period in 2011. Exports grew by 20.9% while imports by 12.7%. The Customs Union’s foreign trade balance totaled 77 billion US dollars, 17.7 billion greater than in the same period last year.

 

 

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