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Results of 2019 in infographics: export of FEZ Grodnoinvest residents approached $1 billion

We continue to reflect on the development of FEZ Grodnoinvest in 2019. Earlier we talked about new residents and production volume. As for the export of resident enterprises, over the past year it increased by 8% and reached the level of $944 million. More information can be found in our infographics.

The share of FEZ Grodnoinvest in total export volume of industrial goods of Grodno region has grown to 42%. The trade turnover of FEZ residents exceeded $ 1.5 billion, with a surplus of $ 388 million.

The key markets for Belarusian products have traditionally become Russia, Ukraine and Poland. These countries accounted for 87% of total export volume of FEZ Grodnoinvest residents.

FEZ Grodnoinvest residents exported products to the EU countries worth $ 613 million, or 65% of the total volume. Over the year period, supplies increased by 9%. E to Kazakhstan declined by 9% to $ 15.8 million.

FEZ Grodnoinvest residents exported products to the EU countries (including Great Britain) worth $ 177 million, or 19% of the total volume. Most of the supplies fell to Poland (68% or $ 111.5 million). According to the results of the last year, the top 5 sales markets among the EU countries also included Lithuania ($ 16.1 million), Romania ($ 12.8 million), Latvia ($ 8.8 million), and Great Britain ( $ 7.4 million).

Deliveries to Romania increased significally (by 8.5 times), Bulgaria (by 3.4 times to $ 3.9 million), Czech Republic (by 2 times to $ 1 million), Estonia (by 2.5 times), the Netherlands (by 3.4 times to $ 0.6 million).

Products worth $ 154 million, or 16% of the total volume, were exported to third-country markets. The export growth rate amounted to 116%. Most of all, export delieveries increased to Ukraine (+ 36% to $ 126.7 million), Azerbaijan (+ 47% to $ 4.1 million), Uzbekistan (+ 63% to $ 3.8 million), Serbia (by 2 times to $ 1.1 million), Canada (by 2.2 times to $ 0.6 million), Israel (by 1.9 times to $ 0.4 million).

The main export residents of FEZ Grodnoinvest were formed by companies from woodworking and furniture sectors (30% of total export or $ 282 million), food (27% or $ 251 million), engineering and metalworking (17% or $ 159 million). Export of companies in the chemical sector amounted to $ 116 million (12% of total export volume of FEZ), textile - $ 112 million (12%).

Manufacturers of vehicles and equipment (growth rate of 129% to $ 66 million), rubber and plastic products (growth rate of 128% to $ 25 million), food products (growth rate of 116% to $ 251 million), furniture (growth rate of 110% to $ 57 million) significantly increased export.

The key exporters of FEZ Grodnoinvest are the resident enterprises Belagroterminal Ltd., Conte Spa JLtd., Kronospan Ltd., Lakokraska JSC, Belagrofert Ltd., Radiovolna JSC, ZOV-LenEVROMEBEL Jltd., Belkard JSC, SUE KONUS, NGEP JSC. Top 10 exporters accounted for 80% of the total export volume of FEZ Grodnoinvest.