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Foreign Trade of Belarus in January-June 2018

Foreign trade in goods (Methodology of foreign trade statistics)

 Trade dynamics USD Millions

  2005  2014  2015 2016 2017

Jan.-June
2017

Jan.-June

2018

2018 compared

 to 2017
Overall trade     
32687 77180 56952 51147 63446 29254 35105 120,0
Export 15979 36392 26660 23573 29212 13691 16347 119,4
Import 16708 40788 30292 27610 34234 15563 18758 120,5
Balance     -729 -4396 -3632 -4073 -5023 -1872 -2411

Belarus has trade relations with more than 200 countries around the world.

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.

The main trade partner of Belarus is Russia. In January-June 2018 it accounted for 39.2 percent of total export and about 59 percent of import.

The European Union is the second largest trade partner. In January-June 2018 it accounted for 32.4 percent of export and one fifth of import. The main importers in the EU are Great Britain, Germany, Poland, the Netherlands, Lithuania, Latvia, Belgium, Estonia.

Belarusian export also has grown to all the EAEU Member States: to Kazakhstan – by 49.3%, to Armenia – by 36.5%, to Russia – by 4.8%, to Kyrgyzstan – by 0.6%.

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

Foreign trade in services (Methodology of balance of payments)

Trade dynamics USD Millions

   2005 2014 2015 2016  2017 

Jan.-June
2017

Jan.-June

2018

2018 compared
to 2017  

Overall trade 3483 13431 11013 11222 12580 5625  6575  116,9
Export 2342 7280 6637 6831 7783 3552  4147  116,7
Import 1141 5611 4377 4390 4797 2073 2428  117,1
Balance 1201 2209 2260 2441 2987 1479  1719

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

Among the major export positions are IT and construction services. 

The main trade partners of Belarus in export of service are Russia (about 41% of exports, 39% of imports) and the EU (about 30% of exports, 35% of imports).

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