Demand for Belarusian machinery on foreign markets still high

20 июня 2022
The demand for Belarusian machinery in foreign markets is still high. Everything that is produced by our manufacturers can be sold. The Ministry of Industry has not allowed stockpiles to grow this year, believes Minister of Industry Petr Parkhomchik.

At the same time the production rate is almost plus 10%. The share of the Russian market is increasing - it is already approaching 70%. Producers are aimed at the African and Asian regions. It is noteworthy that Europe also buys agricultural machinery. 

Belarus in the current circumstances relies on the production of import-substituting products. By the end of the year, production is expected to grow by almost 20%. Russia's partners are already prepared to finance 8 import-substituting investment projects in machine building, and to earmark 1.5 billion dollars for the production of such goods on the whole. Many of our industrial giants will be involved in this work.