Belarus’ foreign trade up by 5.2% in January-November 2024

MINSK, 10 January (BelTA) – In January-November 2024 Belarus’ foreign trade in merchandise and services increased by 5.2% year-on-year to $91 billion, BelTA learned from the statistics data released by the National Bank of the Republic of Belarus (NBRB).

In January-November 2024 the foreign trade in services went up by 10.1% to $14.6 billion. Exports of services came close to $8.8 billion in January-November 2024, which was up by 11.8% year-on-year and which was 1.5 times as much as imports ($5.8 billion). Belarus ran a $3 billion surplus of foreign trade in services, which was up by 21.2% over January-November 2023.

In January-November 2024 Belarus’ foreign trade in goods went up by 4.3% year-on-year and totaled $76.5 billion. Exports of goods reached $36.4 billion. Growth rates of merchandise imports (6.4%) still outpaced growth rates of their exports (2.1%). At the same time, the intensity of import growth decreased in January-November over January-October 2024. On the whole, in January-November 2024,Belarus recorded a deficit of foreign trade in goods of $3.7 billion.

The growing surplus of foreign trade in services largely compensated for the deficit of foreign trade in goods. In January-November 2024 Belarus’ foreign trade in merchandise and services ran a deficit of $0.7 billion.