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18 November, Sunday

Ufa   °

Trade turnover between Bashkortostan and SCO countries amounted to 59 billion rubles

Economy/Business

UFA, 18 October 2018. /Bashinform News Agency/ translated by Tatiana Aksyutina/.

On October 18, the 4th Small Business Forum of the SCO and BRICS Regions will open in Ufa. According to the Bashkortostan Customs, the trade turnover between the republic and these countries (except Brazil and South Africa) for the first 9 months of this year amounted to $ 910.3 million, or about 59 billion rubles at the current exchange rate. For the same period last year, the figure was $ 761.5 million.

The share of the SCO countries is 45.8% in total trade turnover.

The largest trading partners of Bashkortostan are China, India and Kazakhstan (48%, 21% and 20%, respectively) — turnover of $ 442.4 million, $ 194.5 and $ 187.5 million.

Republican enterprises earned $ 842.6 million on exports and spent $ 67.7 million on purchases. Traditionally, mineral products (including refined petroleum products), products of the chemical industry and mechanical engineering are the exports leaders from the republic.

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