Belarus-Russia trade turnover up 9.4% in 2018 to $35.56bn

14.02.2019 09:06 / Russia / Belarus

MINSK - The external trade turnover between Russia and Belarus grew by 9.4% year on year in 2018 to $35.56 billion, according to press materials released on the eve of the meeting of Russian President Vladimir Putin with Belarusian President Alexander Lukashenko in Sochi on Feb 13.

The document says that the trade turnover expanded by 9.4% year on year in 2018 to $35.56 billion.

Belarus’ imports from Russia grew 15.4% to $22.61 billion, Belarus’ exports to Russia – up 0.4% to $12.94 billion. Russia produced a surplus in trade with Belarus in the amount of $9.66 billion.

Russian supplies of almost all kinds of goods to Belarus were on the rise in Jan-Oct 2018: machinery exports – up 30.6%, metals – up 16%, foodstuffs – 20.7%, chemical industry products – up 14.1%.

Belarus’ machinery exports to Russia grew by 2.9%, chemical industry products – up 2.7%, textiles – up 6.8%, while exports of foodstuffs reduced by 2.9% year on year.

Russia’s Federal Customs Service said in a report in early February 2019 that the external trade turnover between Russia and Belarus grew 10.5% year on year in Jan-Dec 2018 to $33.999 billion. Russia’s exports to Belarus grew 17.2% to $17.2 billion, imports from Belarus – up 1.1% to $12.179 billion.

Belarus accounted for 4.9% of Russia’s total external trade turnover in 2018, to compare with 5.2% in 2017.

More about trade and economic cooperation between Belarus and Russia in the country guidebook

Source: PrimePress

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