Foreign Trade of Belarus in H1 2019

Foreign trade in goods (Methodology of foreign trade statistics)

 Trade dynamics USD Millions

 

 

 2005

2014

 2015

2016

2017

2018

H1 2019

 H1 2019 compared

 to H1 2018

Overall trade

32687

77180

56952

51147

63446

72135

34508

97,4

Export

15979

36392

26660

23573

29212

33726

15890

95,9

Import

16708 

40788

30292

27610

34234

38409

18618

98,7

Balance

-729

-4396

-3632 

-4073

-5023

-4683

-2728

 

Belarus has trade relations with more than 170 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 H1 2019 it accounted for 40.3 percent of total export and about 55.6 percent of import.

The European Union is the second largest trade partner. In H1 2019 it accounted for 27.1 percent of export and one fifth of import. The main importers in the EU are Great Britain, Poland, Germany, Lithuania, the Netherlands, Latvia, Belgium and Norway.

Belarusian export also has grown to all the EAEU Member States: to Armenia – by 43.9 percent, to Kyrgyzstan – by 21 percent, to Kazakhstan – by 7.5 percent, except Russia – a fall of 0.3 percent.

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

Foreign trade in services (Methodology of balance of payments)

Trade dynamics USD Millions

 

 2005

2014

 2015

2016

2017

 2018

H1 2019

H1 2019 compared

 to H1 2018

Overall trade

3483

13431

11013

11222

12616

14096

6887

102,6

Export

2342

7820

6637

6831

7839

8721

4351

103,5

Import

1141

5611

4377

4390

4777

5375

2536

100,9

Balance

1201

2209

2260

2441

3062

3346

1814

 

More than 50 percent of the total Belarusian export of services make up transport and computer services. Travel and other business services also play a significant role in the Belarusian economy.

The main trade partners of Belarus in export of service are Russia (about 35 percent of exports, 37 percent of imports) and the EU (about 34 percent of exports, 40 percent of imports).

 

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