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Dialogue for security. The official site of non-governmental  association ]]> Foreign Policy and Security Research center ]]> (Minsk, Belarus)

Belarus Foreign Trade Deficit Amounted $1.8 Billion in January-November

According to the National Statistics Committee of Belarus, in January-November 2011, the balance of foreign trade in goods and services became negative again and dropped to minus $1.8 billion. In November, the negative balance made up $46 million, while in July-September, the country managed to reach a surplus of $368.5 - $153.2 million.

During the first 11 months of 2011, the volume of foreign trade in goods and services amounted to $85.4 billion ($41.8 billion of exports and $43.6 billion of imports). The volume of foreign trade in goods and services grew by 44% (exports - by 57.9%, imports - 32.7%) compared to the same period in 2010.

The volume of foreign trade in goods amounted to $77.8 billion (exports - $36.5 billion, import - $41.3 billion) for the period. Compared to the same period last year, exports grew by 63.7%, while imports - by 35%.

The foreign trade deficit in January-November was nearly $4.8 billion (the previous year - $8.3 billion).

In January-November 2011, most of all goods and services were supplied to Russia (34.3% of total exports). 14.5% of exports accounted for the share of other CIS countries, while the EU countries - 38.5% and other countries – 12.7%. Imports from Russia amounted to 54.2% of the total volume. 18.8% accounted for the EU countries, while the CIS (except Russia) - 7% and other countries - 20%.

As Telegraf previously reported, Deputy Prime Minister Sergei Rumas ]]> said ]]> on November 30 that trade surplus of $1.3-$1.5 billion was expected in 2012.

According to the government plans, the ratio of the foreign trade surplus to GDP should amount to 3% of GDP in 2012, which could maintain the level of real income not lower than in 2011.

External source of this news: http://telegraf.by/en/2012/01/otricatelnoe-vneshnetorgovoe-saldo-za-yanvar-noyabr-1-8-mlrd-dollarov
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