Belarus Trade, Exports and Imports

By: EconomyWatch Content   Date: 10 March 2010

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 Belarus’ economy is dominated by services as well as industrial products. The majority of Belarus trade is dominated by products such as tractors, trucks, motorcycles, televisions, metal-cutting machine tools, earthmovers, fertilizer, textiles, radios, refrigerators and synthetic fibers. 

Belarus Trade, Exports and Imports

The recession marred the high trade amount that Belarus managed in 2008 at $33.04 billion. In 2009, the exports were low at $18.04, although with plans to optimize on neighbors such as Russia, the trade volume is likely to go up.

Following are the products that feature prominently in Belarus export:

 

  • Machinery and equipment

  • Mineral products

  • Chemicals

  • Metals

  • Textiles

  • Foodstuffs

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The major export partners are:

 

  • Russia- 32.3%

  • Netherlands- 16.5%

  • Ukraine- 8.5%

  • Latvia- 6.5%

  • Poland- 5.5%

  • UK- 4.3%

 

As far as imports are concerned, the trends show a decrease, which is a positive sign for maintaining a positive trade balance. The import volume decreased from $39.61 billion in 2008 to $22.4 billion in 2009.

 

The main products that are imported are:

 

  • Mineral products

  • Machinery and equipment

  • Chemicals

  • Foodstuffs

  • Metals

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The main Belarus import partners are:

 

  • Russia- 59.4%

  • Germany- 7.1%

  • Ukraine- 5.3%

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Although the country experienced a negative growth industrial rate in 2009 at -7%, with new policies, which look to strengthen trading relations with adjoining countries as well as IMF guidelines, Belarus trade will have a brighter future.

 

Also, the World Bank has laid down guidelines for Belarus trade to flourish and the administrators have already started instrumental changes, such as devaluing the currency, to give trade an impetus.

 

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