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EU is biggest importer of Customs Union products

MOSCOW, 29 February (BelTA) – The Customs Union’s biggest importer is the European Union which accounts for 55.5% of its total export, Trade Minister of the Eurasian Economic Commission (EEC) Andrei Slepnev said at a press conference in Moscow, BelTA reports.

The aggregate cost of the goods sold by the Customs Union to the Chinese market makes up 8.9% of its total export.

Major imports come from the European Union as well. They account for 44% of total imports of goods by the Customs Union, Andrei Slepnev said.

In 2011 the aggregate foreign trade of the Customs Union member states with third countries amounted to $913 billion, up 33% from 2010. The Customs Union countries exported goods to the tune of $586.5 billion (up 34.2%), imported $326.5 billion worth of goods (up 31.1%). The Customs Union member states had a surplus in trade with third countries in the amount of $260 billion.