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Belarus' export down 1.6% to $34.6bn in January-October

Economy 10.12.2019 | 17:54

MINSK, 10 December (BelTA) – In January-October 2019 Belarus' export of merchandise and services dropped by 1.6% year-on-year to $34.612 billion, BelTA learned from the website of the National Bank of the Republic of Belarus (NBRB).

In January-October 2019 Belarus' foreign trade totaled $68.665 billion, down 1% from the same period in 2018. Import amounted to $34.053 billion (down by 0.3%). Surplus of foreign trade in goods and services equaled $559.3 million ($1.029 billion in January-October 2018).

Belarus' merchandise trade dropped by 2.6% to $56.195 billion. Merchandise export went down by 4% to $26.83 billion, with merchandise import down by 1.3% to $29.365 billion. Deficit exceeded $2.5 billion (in January-October 2018 Belarus also had a deficit of $1.8 billion).

In January-October 2019 foreign trade in services reached $12.469 billion, up by 7.1% year-on-year. Export of services amounted to $7.782 billion (up by 7.6%), with import at $4.687 billion (up by 6.4%). Surplus of foreign trade in services equaled $3.095 billion, up from $2.8 billion in January-October 2018.

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