Belarus and India have identified key growth areas in exchange trading. The matter was discussed during a visit of an Indian business mission to the head office of the Belarusian Universal Commodity Exchange (BUCE). The delegation included representatives from manufacturing enterprises and trading companies specializing in import-export operations. The event, organized with the assistance of the Minsk branch of the Belarusian Chamber of Commerce and Industry, was also attended by Aleksandr Matsukov, Consul General of Belarus in Mumbai, BelTA learned from the BUCE press service.
According to the press service, supplies of agricultural products, woodworking goods, and chemical industry items will become the main focus areas for the development of exchange trading between Belarus and India in the near future. Equal attention will be paid to both export and import transactions, which will ensure a balance of interests and sustainable flows of goods from Belarus to India and vice versa.
According to BUCE, in 2025 the total value of exchange transactions conducted by Indian trading participants amounted to nearly $5 million, which is three times higher than the same figure for 2024. A significant contribution to the increase in exchange trade with India came from transactions involving the sale of materials and raw materials for the textile industry. Specifically, Belarusian producers supplied cottonized flax fiber to the Indian market, while pure wool and polyester tops were imported into Belarus.
With the aim of further expanding the range of goods involved in exchange trading, Indian food suppliers have declared their intention to sell their products through BUCE. This includes items in demand in Belarus such as rice, nuts, tea, coffee, and dried fruits. It is expected that selling these products via exchange trades, bypassing intermediaries, will ensure transparent pricing and help reduce costs for Belarusian consumers. Regarding exports to India, in addition to lumber and flax fiber, feed additives represent a promising niche; these are already sold abroad in significant volumes through exchange trades.
As of 17 February, 14 residents of the Republic of India were accredited at BUCE. Six of them used the Belarusian exchange platform for the first time in 2025.
