Trade Balance in Belarus

Belarus Trade Balance | Economic News & Forecasts

Belarus - Trade Balance

Growth slowed further in Q1 2019 due to spillover effects from a trade quarrel with Russia over oil import taxes, which dented government revenue. Belarus has historically relied on tax-free oil imports, exported at a profit, to generate a key source of state income. Budget strains, owing to the quarrel, forced a slash in consumer subsidies, triggering higher inflation and a contraction in wholesale trade, which likely translated into slower household spending in the quarter. In addition, industrial production teetered in Q1 as a result of the spat with Russia, which, coupled with falling agricultural output, weighed on exports and bruised economic activity. Meanwhile, Moody’s confirmed its B3 credit rating with a stable outlook; however, it also lowered its macroeconomic projections owing to the import tax row.

Belarus - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-4.6  -2.6  -2.1  -2.5  -2.9  

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Belarus Trade Balance Chart


Belarus Trade
Note: Trade balance in USD bn.
Source: National Bank of the Republic of Belarus and Met the why particular calculations.

Belarus Facts

ValueChangeDate
Exchange Rate2.11-0.36 %May 13
Stock Market0.10.0 %May 13

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