EAEU internal, foreign trade grows by more than 25 percent in 2017

ASTANA ­– Trade within the Eurasian Economic Union (EAEU) and with non-member states grew by more than 27 percent in the first half of 2017.etm-472x265

Trade with non-member states compared to the same period in 2016 grew by 27.8 percent ($63.5 billion) and trade within the union increased 27 percent ($5.3 billion).

The volume of exported goods increased 29.6 percent ($41.6 billion) and imports increased 24.9 percent ($21.9 billion).

The balance of foreign trade in goods increased from $52.1 billion in January-June 2016 to $71.8 billion in January-June 2017.

EAEU states’ trade turnover with third countries reached $292.2 billion in the first half of 2017, with $182 billion accounting for exports and $110.2 billion for imports.

Within the union, trade in metals and metal products showed the most significant growth, increasing 1.6 times ($1.2 billion). Union trade in machinery, equipment and transport increased 36.5 percent ($1.1 billion), food and agricultural raw materials showed a 22.7 percent increase ($730 million) and mineral products grew 18.6 percent ($1.1 billion).