Indian companies triple purchases via Belarusian Universal Commodity Exchange in one year

Belarus and India have identified priority areas for expanding exchange trading. The primary focus will be on the supply of agricultural produce, chemical industry goods, and woodworking products. The parties intend to develop both export and import channels to ensure counter-flows of goods. This was reported by BelTA, a TV BRICS partner, with reference to the Belarusian Universal Commodity Exchange.

Cooperation issues were discussed with a delegation of Indian businesses. The meeting was attended by manufacturers, importers, and exporters, as well as the Consul General of Belarus in Mumbai, Aleksander Matsukov.

Following the results of 2025, the value of transactions involving Indian residents reached nearly US$5 million. This is three times the volume recorded in 2024. The main contribution to this growth came from trading in raw materials for light industry. Belarus supplied cottonised flax fibre to India, while Indian companies provided wool and polyester tops.

In the near future, the product range is expected to expand. Indian suppliers have declared their readiness to trade rice, nuts, tea, coffee, and dried fruit on the exchange. Direct trading without intermediaries is intended to make pricing for these goods more transparent and reduce costs for Belarusian buyers.

Feed additives, which are already supplied abroad through the exchange platform, are being considered as a promising export commodity to India. In total, 14 Indian resident companies are now included in the register, six of which began operating on the exchange in 2025.

It was previously reported that Belarus set a historical record for food exports in 2025, with supplies reaching approximately US$10 billion.