Published
11/05/2024, 13:13Trading volumes on the Eurasian Economic Union commodity exchanges reached $8 billion 350.9 million in the third quarter of this year. This is $46.9 million more than in the analogous period a year earlier.
This is the total trading volume of four commodity exchanges - the Belarusian Universal Commodity Exchange (BUTB), Kazakhstan's commodity exchange ‘Eurasian Trading System’ (ETC) and Russia's National Commodity Exchange (NTB) and St. Petersburg International Mercantile Exchange (SPIMEX). BUTB ($1 billion 16.5 million) and SPIMEX ($6 billion 988.3 million) were the largest in trading in the third quarter of the year.
Agricultural products became the main commodity traded on the Belarusian exchange. It was valued at $500.6 million, 2.2 times more than in the same period in 2023. On SPIMEX, the main commodity was oil products, transactions with which took 92.6% of the trading volume. This is $1.2bn more than in 2023.
In contrast, trading on the Russian NTB totalled only $178.6m, down 10-fold from $1bn 790.7m in the third quarter of 2023. At that time 93% of trades were in precious metals.
In the Kazakhstan exchange, the main trading commodity was specialised goods, which accounted for $120.4 mln.