Trade Balance in Belarus

Belarus Trade Balance | Economic News & Forecasts

Belarus - Trade Balance

Economic conditions were improving prior to the outbreak of war in Ukraine, but have since seen a sharp moderation due to the impact of international sanctions. In March, annual GDP contracted for the time in over a year. Similarly, after hitting a multi-month high in January, industrial production swung into a marked contraction in February–March. Adding insult to injury, inflation hit a near seven year-high in March, weighing further on consumers’ purchasing power. In Q2, GDP continued to freefall in April, registering its sharpest contraction since December 2016 as the war raged on to the east and relentless sanctions by the West continued to strangle the economy. According to Prime Minister Nikolai Snopkov, the aforementioned sanctions will likely result in the loss of around one-third of the country’s exports, boding ill for the economy ahead.

Belarus - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-2.1  -2.5  -3.0  -2.5  -4.1  

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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 FocusEconomics calculations.

Belarus Facts

Value Change Date
Exchange Rate2.10-0.36 %Dec 31
Stock Market0.10.0 %Jan 07

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