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General information: directions, tasks, results for the current period

The Republic of Belarus implements a multi-vector foreign economic policy and actively participates in international integration processes. Belarus is an export-oriented country with well-developed manufacturing sector and agriculture. About 60 percent of products is exported.


In 2019, foreign trade turnover of Belarus reached 72.3 billion USD which is 41% more than in the year 2016. Export of goods is at the level of 32.9 billion dollars and increased by 40% in relation to 2016. In January-November 2020, foreign trade turnover of Belarus amounted to 55.2 billion USD, export of goods is at the level of 26.1 billion USD.

The commodity structure of Belarusian export includes more than 1000 commodity items. The most important export positions are oil and oil products, potash and nitrogen fertilizers, metal products, trucks and cars, tractors, tires, dairy and meat products, furniture.

The main imports are energy resources (oil and natural gas), raw materials, materials and components (metals and products from them, raw materials for chemical production, machine parts), technological equipment.

Belarus maintains good trade relations with more than 200 countries of the world.

The main trading partner of Belarus is Russia, its share in the year 2020 accounted for 45.4 percent of Belarusian exports and 50.1 percent of imports.

The European Union is the second largest trading partner, accounting for 18.3% of Belarusian exports and fifth of imports in 2020. Key countries-importers of Belarusian products in EU: Poland, Lithuania, Germany, Great Britain, the Netherlands, Latvia, Belgium, Norway.

In regional context export distributes as follows: EAEU 48.4%, EU 18.3% and other countries 33.3%.

Despite the decrease in economic activity due to the pandemic Belarusian export increased to nine EU countries in the amount of 132.4 million dollars (including Denmark by 88.6 million dollars, Romania by 21.6 million dollars. France by 6 million dollars, Austria by 4 million dollars), China by 55 million dollars as well as to 60 other countries for the total amount of 377 million dollars.

The presence of Belarusian manufacturers in the regions of Asia, Africa, America and Oceania is gradually expanding. The work to expand access to the markets of “far arc” countries is carried out together with EAEU partners by concluding free trade agreements.

In 2020, Belarusian export of goods is carried out to 10 new countries including Djibouti, South Sudan, Bahamas, Burundi, Equatorial Guinea.

Belarus is strengthening its' position in the global service market. In 2019, Belarus exported services at 9.7 billion dollars which is 40% more than in 2016. In January-November 2020, Belarus exported services at 7.8 billion dollars.

Transport services account for 42% of total export, computer services for 28%. Other business and construction services also play a significant role.

The main trade partners of Belarus in service sector are: Russia (32% of export volume), EU countries (31%) and USA (11%).
 

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