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Foreign Trade of Belarus in January-September 2017

Goods (methodology of foreign trade statistics)

Trade dynamics USD Millions
  2000
2005
 2015
 2016

January-
September
2016

January-
September
2017

January-September
2017

compared to
January-September 
2016, %

Overall trade     
15 972 32 687 56 952 50 985 36 992 45 082 121.9
Export 7 326 15 979 26 660 23 412 17 305 20 915 120.9
Import 8 646 16 708 30 292 27 570 19 687 24 167 122.8
Balance     -1 320 -729 -3 632 -4 154 -2 382 -3 252

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

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.

Russia is the main trade partner of Belarus. In January-September 2017 it accounts for 45.3 percent of total export and about 57% of import.

The European Union is the second largest trade partner. In January-September 2017 it accounts for 26.2 percent of export and one fifth of import. The main importers in the EU are Great Britain, Germany, Poland, the Netherlands, Lithuania, Latvia, Belgium, Romania, Italy, Czech Republic and Bulgaria.

Belarusian export also has grown to all the EAEU Member States: to Kyrgyzstan – in 3.6 times, to Kazakhstan – by 64%, to Armenia – by 34%, to Russia – by 21%.

There is a positive dynamics in cooperation with the traditional partners in Latin America such as Venezuela, Argentina, Ecuador, and in Asia, notably with UAE, Qatar, Israel, Pakistan, Iran, Japan, South Korea and China.

Services (methodology of balance of payments)

Trade dynamics USD Millions

  2000  2005 2015 2016

 

January-
September
2016 

January-
September
2017 

January-September 
2017
compared to 
January-September 
2016, %
  

Overall trade 1 536 3 483 11 013 11 017 8 254
8 915 108.0
Export 1 000 2 342 6 637 6 780 5 028 5 537 110.1
Import 536 1 141 4 377 4 237 3 226 3 378 104.7
Balance 465 1 201 2 260 2 543 1 802 2 159

About 50 percent of the total Belarusian export of services makes up transport services, reflecting favorable geographical position of the Republic of Belarus.

Among the major export positions, there are IT and business services.

The main trade partners of Belarus in export of service are Russia (about 38% of total exports) and the EU (about 27%).

 

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