Belarus

In 2014, the value of merchandise exports of Belarus decreased slightly by 2.2 percent to reach 36.4 bln US$, while its merchandise imports decreased moderately by 6.0 percent to reach 40.5 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small deficit of 4.1 bln US$ (see graph 1). The largest merchandise trade balance was with MDG CIS at -3.0 bln US$ (see graph 4). Merchandise exports in Belarus were moderately concentrated amongst partners; imports were highly concentrated. The top 9 partners accounted for 80 percent or more of exports and 9 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Belarus increased substantially by 15.8 percent, reaching 6.9 bln US$, while its imports of services increased substantially by 15.1 percent and reached 4.5 bln US$ (see graph 2). There was a moderate trade in services surplus of 2.5 bln US$.

Related Subject(s): International Trade and Finance

Countries: Belarus