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Belarus Net Trade (Goods & Services, BoP)

Belarus' net trade (goods & services, bop) fell to $-1.29 billion in 2024, down from $254.67 million in 2023, according to World Bank. This represents a decrease of 607.7% ($1.55 billion) from the previous year. Belarus has net trade (goods & services, bop) lower than the global median (-$1.29 billion vs median -$215.12 million). Compared with the median in Europe, Belarus is lower (-$1.29 billion vs regional median $1.60 billion) and ranks 30th out of 44 countries in Europe.

Yearly Historical Data (1993-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 -1.29
2023 0.25
2022 4.69
2021 3.95
2020 1.95
2019 -0.4
2018 0.93
2017 0.1
2016 -0.01
2015 0.13
2014 -0.44
2013 -2.3
2012 2.86
2011 -1.19
2010 -7.48
2009 -5.6
2008 -4.65
2007 -2.81
2006 -1.49
2005 0.34
2004 -1.49
2003 -0.69
2002 -0.47
2001 -0.63
2000 -0.57
1999 -0.26
1998 -1.02
1997 -0.85
1996 -0.58
1995 -0.48
1994 -0.44
1993 -0.48
Belarus Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Belarus, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $39.89B $29.18B 2021
Annual Imports $41.81B $32.77B 2021
Exports (% GDP) 65.06% 66.03% 2024
FDI Inflows (% GDP) 2.27% 2.75% 2024
Imports (% GDP) 66.85% 65.56% 2024
Tariff Rate 5.65% 5.15% 2021
Trade (% GDP) 131.92% 131.58% 2024