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12 May 2023, 11:05

Belarus' foreign trade up by 11% in Q1 2023

MINSK, 12 May (BelTA) – In January-March 2023 Belarus' foreign trade totaled $23.3 billion, up by 11.6% year-on-year, BelTA learned from the website of the National Bank of the Republic of Belarus (NBRB).

Belarus had a $242.8 million surplus in foreign trade in goods and services in January-March 2023. The data of the National Bank testify to the successful adaptation of the Belarusian economy to the new realities and to the demand for domestic goods and services abroad.

Foreign trade in services remained the main contributor to the foreign trade surplus, the bank noted. In January-March, it amounted to $754.7 million, while exports of services came at $2.1 billion in Q1 2023, imports totaled $1.4 billion.

In turn, foreign merchandise trade posted a deficit of $511.9 million in January-March. In Q1 2023 exports of goods amounted to $9.6 billion, imports totaled $10.2 billion.

In March 2023, merchandise exports surged by 47.7% over March 2022, by 10.6% over February 2023 and amounted to $3.5 billion. Merchandise imports rose by 45.8% as against March 2022, by 11.5% as against February 2023, amounting to $3.7 billion in March.

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