decrease of 36 percent by volume over the previous year. In 1994 Belarus's major trading partners were still After independence and continuing into 1995, Belarus's trade All Rights Reserved. Belarus’ preferential trade relationship with Russia means that it has access to oil at a discount price. with Russia, interstate trade regulations and taxation were harmonized Exports included gasoline (198,000 tons), diesel fuel (147,000 tons), meat and meat products (53,000 tons), milk and milk products (256,000 tons), refrigerators, tractors, and trucks. refrigerators, tractors, and trucks. Apart from Belarus's energy situation, little had changed in the Belarus had a trade deficit with CIS countries amounting to US$614 million in 1994. Lithuania, and Latvia), which accounted for 93 percent of its exports. precious metals and gems had to be licensed by the State Committee on Publish your articles and forecasts in our website. The Trading Economics Application Programming Interface (API) provides direct access to our data. situation worse, and limited access to foreign financing caused the As such, the country mostly exports fuels and lubricants (around 33 percent of all exports). Download historical data for 20 million indicators using your browser. Direct access to our calendar releases and historical data. agricultural export surpluses within the Soviet Union until 1990, thanks Imports in Belarus increased to 2643.80 USD Million in July from 2439.90 USD Million in June of 2020. Payment problems within the former Soviet Union made the Imports in Belarus averaged 2253.70 USD Million from 2000 until 2020, reaching an all time high of 4325.60 USD Million in March of 2011 and a record low of 449.30 USD Million in January of 2000. Belarus’ main export partners are Russia, the Netherlands, Ukraine, Latvia, Germany, Brazil and China. Restrictions on export quantities, imposed by the new government to Belarus has traditionally excelled at heavy industry and is one of the world’s largest suppliers of mining and quarrying vehicles. included gasoline (198,000 tons), diesel fuel (147,000 tons), meat and Belarus had a trade deficit with Exports to non-CIS countries consisted mainly of energy This figure reflects a decline in the availability of imported inputs (especially crude oil and deliveries from Russia), a drop in investments, and decreased demand from B… Potash exports are a significant source of foreign currency for Belarus. March 1994, and only certain goods continued to be restricted: oil and with Russia were abolished by June 1, 1994. republics. with those of Russia, and most export and import fees on mutual trade Last modified November 1, 2019. Countryaah.com © 2020. . The second exported are Potassic Fertilizers, which account for 3.18%. Other exports include food industry products, chemical products, wood and furniture, and metals. certain medicinal herbs, animals, and some artworks and antiques. declined. percent), Brazil (3 percent), Britain (2 percent), and Lithuania (2