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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. 61 percent of products is exported.

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

In 2020 foreign trade turnover of Belarus reached 61,7 billion USD which is 21% more than in the year 2016. Export of goods is at the level of 29 billion USD and increased by 23% in relation to 2016.

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.

Russia is the main trade partner of Belarus, its share in the year 2020 accounted for 45 percent of Belarusian exports and 50 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 to the EU: Poland, Lithuania, Germany, Great Britain, the Netherlands, Latvia, Denmark, Belgium, Norway.

Despite the decrease in economic activity due to the pandemic Belarusian export increased to 11 EU countries in the amount of 168 million USD (including Denmark by 120 million USD, Romania – by 21 million USD, France – by 9 million USD, Austria – by 5 million USD), China – by 76 million USD as well as to 55 other countries for the total amount of 291 million USD.

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 the 9 new countries including the Bahamas, Burundi, Equatorial Guinea, Saint Lucia, Swaziland.

Compared to 2019 foreign trade balance in goods and services improved by 2.3 billion USD and accounted for 1.9 billion USD.

The service sector of Belarus has demonstrated resilience to global economic shocks. In 2020, export of Belarus services is 8.8 billion USD, which is 28% more than in 2016.

The main trade partners of Belarus in service sector are: Russia (35% of foreign trade turnover), EU countries (31%) and U.S. (9%).

Transport services account for 42% of total export, computer services – 29%. Other business and construction services also play a significant role.

Compared to 2019 the export of computer services increased by 19% or by 400 million USD, and over five years – by 2.6 times or by 1.6 billion USD.

Belarusian Diplomatic Missions abroad

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