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