Foreign Trade of Belarus in H1 2019

Foreign trade in goods (Methodology of foreign trade statistics)

 Trade dynamics USD Millions

Belarus has trade relations with more than 170 countries around the world.

Export is characterized by wide assortment. Among the major export commodities are oil products, potash fertilizers, trucks and cars, metal products, tractors, tires, dairy and meat products and timber.

Belarusian import is mainly composed of energy resources (oil and natural gas), raw materials and components (metals and metal products, raw materials for chemical industry, machine parts) manufacturing equipment.

The main trade partner of Belarus is Russia. In H1 2019 it accounted for 40.3 percent of total export and about 55.6 percent of import.

The European Union is the second largest trade partner. In H1 2019 it accounted for 27.1 percent of export and one fifth of import. The main importers in the EU are Great Britain, Poland, Germany, Lithuania, the Netherlands, Latvia, Belgium and Norway.

Belarusian export also has grown to all the EAEU Member States: to Armenia – by 43.9 percent, to Kyrgyzstan – by 21 percent, to Kazakhstan – by 7.5 percent, except Russia – a fall of 0.3 percent.

There is a positive dynamics in cooperation with the traditional partners in Latin America, such as Brazil, Cuba, Ecuador, and in Asia, notably with China, India, Vietnam, Israel, Korea and Japan.

Foreign trade in services (Methodology of balance of payments)

Trade dynamics USD Millions

More than 50 percent of the total Belarusian export of services make up transport and computer services. Travel and other business services also play a significant role in the Belarusian economy.

The main trade partners of Belarus in export of service are Russia (about 35 percent of exports, 37 percent of imports) and the EU (about 34 percent of exports, 40 percent of imports).

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