According to the National Bureau of Statistics, $299 million worth of goods were exported in March 2025, an 11.2 percent increase from February 2025 and a 6.6 percent decrease from March 2024.
Meanwhile, the following figures were recorded last month: $269 million worth of goods were shipped abroad – plus 10.6% compared to January 2025.
That is, each month the export figures are higher than the previous month, while the negative gap with the figures of the same month of the previous year is decreasing.
Exports of domestic goods in the first quarter of 2025 totaled $638.6 million (78.7% of total exports), down 10.7% from the same period in 2024. In the first two months of the year, this figure was slightly lower at 78.5% of all shipments abroad.
Accordingly, the share of re-export of foreign goods decreased by 0.2 percentage points (p.p.). The share of foreign goods re-exported after substantial processing increased by 0.1 p.p. to 14%, while classical re-export of foreign goods decreased from 7.6% to 7.3%.
Of course, these indicators are very small and do not indicate a sharp breakthrough. However, we would like to consider them as a tendency to turn from downward decline to upward growth.
It should be recalled that by the end of 2024, exports fell by 12.2%, falling in all directions: to the CIS countries by 20%; to the EU by 10% and to other countries by 16%.
