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Foreign Trade of Belarus

Foreign trade in goods

The structure of the industry have identified a high degree of openness of the economy of the Republic of Belarus, its focus on foreign markets. More than 50 percent of goods produced in the country are delivered for export.

In the last decade, the dynamics of foreign trade of the Republic of Belarus is characterized by the fast growth of trade turnover and services. This is caused by high rates of economic growth, increase of scientific and technical and transit potential, participation in integration processes within the CIS framework and also a diversification of trade and economic relations with other regions of the world.

The trends of foreign trade in goods of the Republic of Belarus is presented in the following table.
USD Millions
 
2000
2005
2010
2011
2012
2013

January -
June
2014

January- June
2014 compared to
January- June
2013, percentage

Trade turnover
15 972
32 687
60 168
87 190

92 464  

80 231
38 470
96,1
Export
7 326
15 979
25 284
41 419
46 060  
37 232
18 802
98,5
Import
8 646
16 708
34 884
45 771

46 404  

42 998
19 668
94,0
Balance
-1 320
-729
-9 600
-4 352
-344 
-5 776
-866
 

The list of the export products is characterized by the wide nomenclature. Among the major export commodities of Belarus are oil products and oil, potash and nitrogen fertilizers, metal products, trucks, tractors, chemical fibers and yarns, tires, dairy and meat products, sugar.

Belarus imports are 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.

Today Belarus has trade relations with more than 180 countries around the world.

Russian Federation is the major trade partner of the Republic of Belarus, it accounts for more than 40 percent of export and more than a half of volume of an import.

The European Union is the second largest trade partner of the Republic of Belarus, it accounts more than 30 percent of export and one fifth of import. The main partner in the EU are the Netherlands, Latvia, Germany, Poland, Lithuania, Italy, Great Britain, Belgium, Czech Republic, France.

In the foreign trade of Belarus with the CIS countries after Russia, Ukraine occupies the second place, Kazakhstan – the third.

There is a positive dynamic in cooperation with the traditional partners in Latin America such as Brazil, Venezuela and Argentina, and in Africa and Asia, notably with China, India and Vietnam.

Foreign trade in services

The trends of the foreign trade in services of the Republic of Belarus is illustrated in the following table.

USD Millions
 
2000
2005
2010
2011
2012
2013

January -
June
2014

January- June
2014 compared to
January- June
2013, percentage

Trade turnover
1 536
3 166
7 379
9 160
10 488
11 760
6 289
108,9
Export
1 000
2 073
4 501
5 804
6 646
7 299
3 507
101,6
Import
536
1 093
2 878
3 356
3 842
4 461
2 782
119,8
Balance
465
979
1 623
2 448
2 804
2 838
725
 

More than 52 percent of the total Belarusian export of services makes up transport services, reflecting favorable geographical position of the Republic of Belarus.

Among the major export position, there are IT and construction services.

The main trade partners of Belarus in export of service are the EU (about half of total exports) and Russia (a quarter of exports).