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Export of FEZ Grodnoinvest residents increased by 53% in the first quarter of 2018

According to the results of the first quarter of 2018, the export of FEZ residents amounted to over 180 million US dollars, having increased in 1.53 times compared to the same period of 2017. Turnover increased by 1.7 times and overcame the mark of 300 million US dollars.

The residents of FEZ Grodnoinvest export products of animal origin, including canned goods, soybean oil, fertilizers, plastic and ferrous metal products, furniture, wood-chip and wood-fiber boards, other wooden products, automotive components, including bundles, wires, optical devices, textile products, yarn and much more.

Within the first three months of this year, the production of FEZ residents has been sent to 50 countries of the world, while a year earlier the export geography comprised 40 countries.

Despite the fact that Russia, Poland and Ukraine remain the key markets for companies from FEZ Grodnoinvest, which account for over 86% of all export, in 2018 the share of foreign countries has doubled, including Turkey, Mexico, Colombia , Chile, Iceland, the United Arab Emirates, the Virgin Islands, Cuba, India.

The residents of FEZ «Grodnoinvest» play an important part in the economy of Grodno region. If in the first quarter of 2017 the share of FEZ in the total volume of export of Grodno region was 27%, now by the results of the same period of this year it increased up to 36%.