MINSK, 11 May (BelTA) - Belarusian agricultural producers have quadrupled exports to Azerbaijan through the Belarusian Universal Commodity Exchange,
BelTA learned from the BUCE press service.
In January to April 2026, Belarusian agricultural enterprises increased their export shipments to Azerbaijan by 4.2 times in value terms. Thanks to this, the share of agricultural products in the structure of exchange trade between Belarus and Azerbaijan rose 3.6 times year-on-year, Yaroslav Kovalevich, Head of Foreign Economic Activity at BUCE, said at the seminar 'Open Dialogue with Business' in Baku. The event was organized by BUCE and the Azerbaijan Export and Investment Promotion Agency (AZPROMO).
“About two years ago, the entire volume of exchange exports from Belarus to Azerbaijan consisted of sawn timber. However, since last year the situation has gradually begun to change, and agricultural products have started to account for an increasing share of trade between our countries. This primarily includes powdered milk, butter, and beef. Driven by the active involvement of Azerbaijani importers in exchange trading, the share of agricultural products in Belarus-Azerbaijan exchange trade climbed to 11% in January-April 2026. For comparison, it was only 3% in January-April 2025,” Yaroslav Kovalevich noted.
In addition to ramping up Belarusian exports to Azerbaijan, another promising avenue for cooperation is bringing local manufacturers onto BUCE who are willing to sell goods that are sought after in Belarus via exchange trading, he said.
“In addition to vegetables, fruits, dried fruits, and nuts, we are extremely interested in cotton fiber from Azerbaijan. Especially since we had the opportunity to get acquainted with a number of local producers at InterFood Azerbaijan and Caspian Agro Week 2026. We are confident that Azerbaijani companies can pose serious competition to other suppliers, primarily from Central Asia, because there are quite strong producers in the Azerbaijani market. I can confidently state: if Azerbaijani cotton yarn producers go through accreditation and enter our trading platform, they will absolutely be able to find buyers in Belarus,” Yaroslav Kovalevich noted.
The seminar was also attended by Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Republic of Azerbaijan Dmitry Pinevich. According to the diplomat, in the face of turbulence in global markets, it is particularly important to build strong business ties and focus on long-term cooperation. “Trust is formed through effective and transparent mechanisms of interaction between businesses, producers, and partners of Belarus and Azerbaijan. The Belarusian Universal Commodity Exchange is precisely such an instrument, an effective communication platform for the business communities of our countries across various sectors,” Ambassador Dmitry Pinevich emphasized.
As of 11 May 2026, a total of 215 residents of the Republic of Azerbaijan were accredited at BUCE, including one with the status of an exchange broker.