Belarus reports $477.4m foreign trade surplus in Jan-Aug 2017

11.10.2017 09:22 / Belarus

MINSK – Belarus’ foreign trade surplus totalled $477.4 million in January-August 2017, compared to a $211.9 million surplus in Jan-Aug 2016, the National Bank of Belarus (NBB) said in an online report.

The overall turnover of commodities and services in foreign trade grew 18.6% on the year in January-August 2017 to $45.338 billion.

Exports of commodities and services grew 19.2% year on year to $22.908 billion, and imports grew 18% to $22.431 billion.

According to the NBB, the deficit of foreign trade in goods totalled $1.408 billion in Jan-Aug 2017 compared to a deficit of $1.183 billion in Jan-Aug 2016.

Commodity exports (in FOB prices) grew 20.9% on the year in Jan-Aug 2017 to $18.068 billion; imports up 20.7% to $19.475 billion.

Belarus produced a services trade surplus in Jan-Aug 2017, which reached $1.885 billion to compare with a $1.395 billion surplus in Jan-Aug 2016.

Export of services grew 13.2% the year in Jan-Aug 2017 to $4.84 billion, imports of services – up 2.6% to $2.955 billion.

As previously reported, Belarus’ exports of commodities and services totalled $29.758 billion in 2016, imports - $29.808 billion. Commodity exports (in FOB prices) totalled $22.978 billion in 2016; imports - $25.571 billion. Export of services grew to $6.78 billion, imports of services –$4.237 billion.

Source: PRIME-TASS
Back

Read also

26.06.2019 09:18
Belarusian petroleum products are shipped to Ukraine via BelOil-Ukraine, and also via Russian companies which have their crude processed in Belarus on the give-and-take basis.
25.06.2019 16:04
In line with the strategy on developing the customs service the figure is supposed to be reached in late 2019, however, the target was hit in May. The number of shipments processed within five minutes...
25.06.2019 10:25
The average price of Belarus’ oil imports from Russia stood at $380.708 per tonne in Jan-Apr 2019, up 5.5% year on year