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Foreign Trade of Belarus in 2017

Goods (methodology of foreign trade statistics)

 

Trade dynamics USD Millions
  2000
2005
 2014
 2015

2016

2017

2017 compared to 2016, %

Overall trade     
15 972 32 687 77 180 56 952 51 147 63 446 124.0
Export 7 326 15 979 36 392 26 660 23 573 29 212 124.1
Import 8 646 16 708 40 788 30 292 27 610 34 234 124.0
Balance     -1 320 -729 -4 396 -3 632 -4 073 -5 023

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.

Russia is the main trade partner of Belarus. In 2017 it accounted for 43.9% of total export and about 57% of import.

The European Union is the second largest trade partner. In 2017 it accounted for 26.9% of export and one fifth of import. The main importers in the EU are Great Britain, Germany, Poland, the Netherlands, Lithuania, Italy, Latvia, Belgium, France, Norway, Czech Republic.

Belarusian export also has grown to all the EAEU Member States: to Kyrgyzstan – in 2.5 times, to Kazakhstan – by 63%, to Armenia – by 57%, to Russia – by 17%.

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 2014 2015

2016 

 

2017 

2017 compared to 2016, %  

Overall trade 1 536 3 483 13 431

11 013

11 222
12 580 112.1
Export 1 000 2 342 7 280 6 637 6 831 7 783 113.9
Import 536 1 141 5 611 4 377 4 390 4 797 109.3
Balance 465 1 201 2 209 2 260 2 441 2 987

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

IT and construction services are among the major export positions.

The main trade partners of Belarus in export of service are Russia (about 41% of exports, 39% of imports) and the EU (29% of exports, 33% of imports).

 

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