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General information: directions, tasks, results for the current period

The Republic of Belarus implements a multi-vector foreign economic policy and actively participates in international integration processes. Belarus is an export-oriented state with a well-developed manufacturing sector and agriculture. About 60 percent of manufactured products are exported

In 2019, the foreign trade turnover of the Republic of Belarus reached USD 72.3 billion, which is 20 percent more than in 2010. Exports of goods amounted to USD 32.9 billion and grew by 30 percent by 2010.

The commodity structure of Belarusian exports includes more than 1000 commodity items. The most important export positions are oil and oil products, potash and nitrogen fertilizers, metal products, trucks and cars, tractors, tires, dairy and meat products, furniture.

The bulk of imports is made up of energy resources (oil and natural gas), raw materials, materials and components (metals and products from them, raw materials for chemical production, machine parts), technological equipment.

Belarus maintains trade relations with more than 200 countries of the world.

The main trading partner of Belarus is the Russian Federation, in 2019 it accounted for 41.2 percent of Belarusian exports and 55.9 percent of imports.

The European Union is the second largest trading partner, which in 2019 accounted for 25.5 percent of Belarusian exports and almost a fifth of imports. Key countries importing Belarusian products in the EU: Germany, Poland, Lithuania, the Netherlands, Latvia, Belgium, Hungary, Czech Republic, Slovakia, France, Estonia.

There is an increase in exports to the EAEU (in 2019, by 4.4 percent by 2018), including to Armenia (by 40.1 percent), Kazakhstan (by 5.1 percent), and Russia (by 4.5 percent).

The presence of Belarusian manufacturers on the markets of Asia, Africa, America and Oceania is gradually expanding. In 2019, exports to these regions increased by 4.8 percent.

Together with partners in the EAEU, work is being done to expand access to the markets of the “far arc” countries by concluding free trade agreements: the EAEU has preferential trade agreements with Vietnam, Iran, and Singapore; negotiations are underway with Egypt, Israel and India.

In 2019, Belarusian goods were exported to 10 new countries, including North Korea, Haiti, Somalia, Cape Verde, Suriname.

Belarus is strengthening its' position on the global services market. In 2019, Belarus exported services worth of USD 9.7 billion, which is almost 2 times higher than the 2010 level.

About half of the total exports go to transport services, and about a quarter to computer services. A significant role is also played by construction and other business services.

The main trade partners of Belarus in the service sector are Russia (about 34 percent of the export volume) and EU countries (about 33 percent).

 

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