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Belarus' export down 1.7% to $38bn in January-November 2019

Economy 13.01.2020 | 18:29
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MINSK, 13 January (BelTA) – In January-November 2019, Belarus' export of goods and services dropped by 1.7% over the same period of 2018 and amounted to $38.082 billion, BelTA learned from the website of the National Bank of the Republic of Belarus.

In January-November 2019, Belarus' foreign trade totaled $75.849 billion, which was down 0.7 from the same period of the previous year. Import equaled $37.766 billion (up by 0.3%). Surplus of foreign trade in goods and services amounted to $315.8 million ($1,092.2 million in January-November 2018).

In January-November 2019, Belarus' merchandise trade decreased by 2.4% year-on-year and totaled $61.996 billion. Merchandise export went down by 4.2% to $29.45 billion, import dropped by 0.6% to $32.546 billion. Deficit of merchandise trade slightly exceeded $3 billion (in January-November 2018 Belarus had a deficit of $2 billion).

In January-November 2019, Belarus' foreign trade in services increased by 7.7% year-on-year and reached $13.852 billion. Export of services came at $8.632 billion (up by 8.2%), with import at $5.22 billion (up by 6.8%). Surplus of foreign trade in services equaled $3.411 billion, up from slightly over $3 billion in January-November 2018.

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