Foreign Trade of Belarus in 2018

Foreign trade in goods (Methodology of foreign trade statistics)

 Trade dynamics USD Millions

 

 2000

 2005

2014

 2015

2016

2017

2018

 2018 compared

 to 2017

Overall trade

15972

32687

77180

56952

51147

63446

72135

113,7

Export

7326

15979

36392

26660

23573

29212

33726

115,5

Import

8646

16708 

40788

30292

27610

34234

38409

112,2

Balance

-1320

-729

-4396

-3632 

-4073

-5023

-4683

 

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 products, potash fertilizers, trucks and cars, metal products, tractors, tires, dairy and meat products and timber.

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 2018 it accounted for 38.4 percent of total export and about 58.9 percent of import.

The European Union is the second largest trade partner. In 2018 it accounted for 30.2 percent of export and one fifth of import. The main importers in the EU are Great Britain, Germany, the Netherlands, Poland, Lithuania, Latvia, Belgium and Norway.

Belarusian export also has grown to all the EAEU Member States: to Kazakhstan – by 32.3 percent, to Armenia – by 8.3 percent, to Russia – by 0.4 percent, except Kyrgyzstan – a fall of 2.5 percent.

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

Foreign trade in services (Methodology of balance of payments)

Trade dynamics USD Millions

 

2000

 2005

2014

 2015

2016

2017

 2018

2018 compared

 to 2017

Overall trade

1536

3483

13431

11013

11222

12616

14096

111,7

Export

1000

2342

7820

6637

6831

7839

8721

111,2

Import

536

1141

5611

4377

4390

4777

5375

112,5

Balance

465

1201

2209

2260

2441

3062

3346

 

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 39% of exports, 41% of imports) and the EU (about 31% of exports, 35% of imports).

 

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