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13 September 2021, 13:02

Belarus' PM announces record-high foreign trade surplus

Roman Golovchenko. An archive photo
Roman Golovchenko. An archive photo

MINSK, 13 September (BelTA) – Belarus is poised for a record-high foreign trade surplus, Belarusian Prime Minister Roman Golovchenko told the Belarus 1 TV channel, BelTA has learned.

Roman Golovchenko said that the Belarusian economy ‘is feeling well', it remains on the growth track. At the same time, he noted that GDP for the recent months is likely to decline insignificantly due to a slight drop in agricultural output: this year the yield in the country was not as good as in the previous years.

“According to operational data, we will reach a record-high foreign trade surplus of $2 billion. This is a very good result. This means that the country's balance of payments will be in optimal condition,” the prime minister said.

According to him, warehouse stocks of domestic manufacturers keep dwindling. Manufactures have hit the all-time best stocks to average monthly output ratio.

“These two factors together suggest that the country successfully sells its merchandise, earns foreign currency and improves its balance of payments,” Roman Golovchenko summed up. He added that the economic outlook for the next year is also positive.

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