Belarus recorded a trade deficit of 50.40 USD Million in August of 2021. source: National Bank of the Republic of Belarus

Balance of Trade in Belarus averaged -246.94 USD Million from 2000 until 2021, 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 October of 2021.

Balance of Trade in Belarus is expected to be -1090.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belarus Balance of Trade is projected to trend around -690.00 USD Million in 2022, according to our econometric models.

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Belarus Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-07-09 01:00 PM May $-38.5M $-200M
2021-08-10 01:30 PM Jun $42.1M $-57.2M
2021-09-10 09:30 AM Jul $-58.3M $18.8M
2021-10-11 09:30 AM Aug $-50.4M $-61.8M $-70M
2021-11-12 10:30 AM Sep $-50.4M $ -1120M
2021-12-10 10:30 AM Oct


Belarus Last Unit Reference Previous Highest Lowest
Balance of Trade -50.40 USD Million Aug/21 -61.80 466.70 -1414.90
Current Account 1085.10 USD Million Jun/21 -956.40 1085.10 -3284.50
Current Account to GDP -0.40 percent of GDP Dec/20 -1.90 5.40 -14.50
Imports 3458.60 USD Million Aug/21 3277.30 4325.60 449.30
Exports 3408.20 USD Million Aug/21 3215.50 4571.90 371.40
External Debt 42274.80 USD Million Jun/21 41158.70 42274.80 1698.00
Capital Flows 682.80 USD Million Jun/21 -734.20 938.00 -3107.90
Remittances 114.00 USD Million Jun/21 107.40 148.60 18.40
Foreign Direct Investment -208.80 USD Million Jun/21 1342.50 2734.30 -298.40


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. .