The trade gap in Belarus narrowed to USD 137.1 million in June of 2020 from USD 149.3 million in the corresponding month of the previous year. Exports fell 14.6 percent from a year earlier to USD 2,305.3 million while imports declined at a softer 14.3 percent to USD 2,442.4 million.

Balance of Trade in Belarus averaged -255.18 USD Million from 2000 until 2020, reaching an all time high of 466.70 USD Million in March of 2012 and a record low of -1414.90 USD Million in November of 2010. This page provides - Belarus Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belarus Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

Balance of Trade in Belarus is expected to be -940.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Belarus to stand at -1320.00 in 12 months time. In the long-term, the Belarus Balance of Trade is projected to trend around -440.00 USD Million in 2021 and -690.00 USD Million in 2022, according to our econometric models.

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Belarus Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-137.10 -125.90 466.70 -1414.90 2000 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-13 09:20 AM Mar $-324.9M $-173.1M $ -1190M
2020-06-11 09:30 AM Apr $-219.4M $-358.5M $ -910M
2020-07-10 01:00 PM May $-125.2M $-209.1M $-150M
2020-08-10 09:30 AM Jun $-137.1M $-125.9M $ -1140M
2020-09-10 09:30 AM Jul $-137.1M
2020-10-09 09:30 AM Aug
2020-11-12 10:30 AM Sep -940
2020-12-10 10:30 AM Oct


Belarus Balance of Trade
Belarus’ foreign trade is characterized by the country’s preferential trade relationship with Russia. Access to discounted oil from Russia means that processed oil is the dominant Belarusian export (accounting for 33 percent of all exports). Belarus has traditionally excelled at heavy industry and is one of the world’s largest suppliers of mining and quarrying vehicles. Belarus’ other exports include food, chemical products, wood and furniture and metals. Belarus imports crude oil, machinery and transport equipment, manufactured goods, chemicals and related products, iron and steel, and food and live animals. Belarus’ main trading partners are Russia, Germany, the Ukraine, China and Latvia. .