Belarus import of Aluminium wire during 2018-20 unfolds steady growth

The economy is set to contract this year, hit by both the pandemic and political tensions. FocusEconomics panellists project the economy to shrink by 3.8% in 2020. In 2021, the economy is expected to rebound and grow 2.3%, which is down 0.2% points from last month's estimate. Civil engineering is a growing industry in Belarus. The industry makes a positive contribution to the country's GDP.

The landlocked eastern European nation’s import of aluminium wire during 2018-19 has been recorded at 62,032 tonnes and the revenue expended on the import remained at $164.45 million. The import for 2020 has been marked to reach at 37,812 tonnes and expenditures to happen will stand at $155.80 million, however, when the import volume and expenditure of the previous two years gets added it depicts 99,844 tonnes and $320.25 million respectively.

Belarus import of aluminium wire in 2018, has been accounted at 28,863 tonnes and expenditures recorded stood at $67.13 million, whereas in 2019, the import saw growth by 14.91%, as the import volume rose to 33,169 tonnes and expenditures also picked and stood at $97.32 million.

The import for 2020 has been analysed with upswing by 13.99%, as the import is expected to climb at 37,812 tonnes and expenditure to soar and stand at $155.80 million.

Aluminium wire importation trading destinations for Belarus are Russia, Netherlands, Kazakhstan, Poland, etc.