Belarus’ foreign trade at $56.2bn in January-July 2024

10:19, 11 September

Photo: BelTA

In January-July 2024 Belarus’ foreign trade in goods and services rose by 4.6% year-on-year to total $56.2 billion, BelTA learned from the website of the National Bank of the Republic of Belarus (NBRB).

The balance of goods and services remained practically unchanged compared to H1 2024 and amounted to minus $89 million. The deficit of foreign merchandise trade (minus $1.97 billion) was offset by positive results of foreign trade in services ($1.88 billion) to a great extent.

Export of goods and services surged by 4.5% year-on-year to $28.1 billion, mainly due to a 4.4% increase in export of goods to $22.8 billion. Export of services increased by 5.3% and reached $5.2 billion.

In general, import of goods and services grew at a rate comparable to that of export. It increased by 4.7% and totaled $28.2 billion, including import of goods amounted to $24.8 billion and import of services – to $3.4 billion.

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