Belarus reports $782.6m foreign trade surplus in Jan-Nov 2018

11.01.2019 09:26 / Belarus

MINSK – Belarus’ foreign trade surplus totalled $782.6 million in Jan-Nov 2018, compared to a $483.3 million surplus in Jan-Nov 2017, the National Bank of Belarus (NBB) said in an online report.

The overall turnover of commodities and services in foreign trade grew 15.7% on the year in Jan-Nov 2018 to $75.663 billion.

Exports of commodities and services grew 16% year on year to $38.223 billion, and imports grew 15.3% to $37.44 billion.

According to the NBB, the deficit of foreign trade in goods totalled $2.281 billion in Jan-Nov 2018 compared to a deficit of $2.305 billion in Jan-Nov 2017.

Commodity exports (in FOB prices) grew by 17.1% on the year in Jan-Nov 2018 to $30.335 billion; imports up 15.6% to $32.616 billion.

Belarus produced a services trade surplus in Jan-Nov 2018, which reached $3.064 billion to compare with a $2.788 billion surplus in Jan-Nov 2017.

Export of services grew 12% the year in Jan-Nov 2018 to $7.888 billion, imports of services – up 13.3% to $4.824 billion.

As previously reported, Belarus’ exports of commodities and services totalled $36.435 billion in 2017, imports - $36.372 billion. Commodity exports (in FOB prices) totalled $28.652 billion; imports - $31.575 billion. Export of services grew to $7.783 billion, imports of services – $4.797 billion.

Source: PrimePress

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