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General information: directions, tasks and results

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. 65 percent of products is exported.

In 2021, foreign trade turnover of the Republic of Belarus reached 81.7 billion USD which is 31.9% more than in the year 2020. Export of goods amounted to 39.9 billion USD and increased by 36.7% compared to the previous year.

The commodity structure of Belarusian export includes more than a thousand items at the level of four digits of the HS codes of the EEU. The most important export positions are products of petrochemistry, mechanical engineering, metallurgy, woodworking, light industry, dairy and meat products, furniture, glass, fiberglass, cement.

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.

In 2021, Belarusian products were exported to the markets of 174 countries. The increase in exports of goods noted in all regions of the world.

Russia is the main trade partner of Belarus, its share in the year 2021 accounted for 49 percent of the value of foreign trade in goods, 41 percent of exports and 57 percent of imports.

The European Union is the second largest trade partner, accounting for fifth part of foreign trade turnover. Key countries-importers of Belarusian products in the EU: Germany, Poland, the Netherlands, Lithuania, Italy, Latvia, France, Belgium, Czech Republic, Sweden, Spain. In 2021, Belarusian export increased to 21 EU countries.

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 faraway countries is carried out together with EEU partners by concluding free trade agreements.

The service sector of Belarus has demonstrated resilience to global economic shocks. In 2021, export of Belarus services amounted to 10.2 billion USD, which is 16.5% more than in 2020.

Main trade partners of Belarus in service sector are: EU countries (31% of foreign trade turnover), Russia (30%), U.S. (11%) and China (4.5%).

Transport services account for 43% of total export, IT services for 29%. Other business and construction services also play a significant role (10% and 5% in total exports).

Compared to 2020 the export of transport services increased by 19% or 690 million USD, computer services – by 20% or 495 million USD.

In 2021, balance of foreign trade in goods and services is positive in the amount of 3.8 billion USD and improved by 1.9 billion USD compared to the previous year.

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