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Export potential of Belarus

The structure of the Belarusian economy is export oriented. The share of export in the Gross Domestic Product exceeds 50 percent (in 2015 – about 60 percent).

The volume of the Belarusian export of goods and services has increased from USD 7.6 billion in 2000 to USD 32.9 billion in 2015.

Export products of Belarus are diverse and include more than 1 000 articles. Among the major export commodities of Belarus are potash and nitrogen fertilizers, oil products, rolled steel, metal cord, trucks, tractors, chemical fibers and yarns, caprolactam, tires, furniture, refrigerators and freezers, wood products, clothing, shoes, dairy and meat products, sugar.

The country produces a wide range of high technology products with stable demand in foreign markets: agricultural machinery, buses and trams, road-building machinery, technical equipment, gas cookers, washing machines, microelectronics and optical devices.

In 2015 mineral products were 29.9 percent of Belarussian exports, chemical products – 21.3 percent, agricultural products – 16.3 percent.

Belarus has opted for innovative development of the economy by increasing its high-tech capacity.