Economy Ministry: exports of goods and services grew by 6.4% in 2023, and the growth trend continues

The trend of export growth continues in Belarus – as Deputy Economy Minister Andrei Kartun told reporters, commenting on the results of the economy for January-August 2023

“According to the latest data, exports of goods and services during the reporting period increased by 6.4 percent to reach $26.9bn – a record increase in exports since 2012,” added the official.

According to the him, the share of investment goods in the structure of the export basket has increased and amounted to more than 13 percent, which is the maximum over the last sixteen years, while the share of raw materials and materials has simultaneously decreased.

“The balance of foreign trade is still negative due to market factors that occur in the market, and above all in the market of traditional commodities. Meanwhile, imports are growing due to the completion of restoration imports. Imports of investment goods are growing. We expect that we will soon move to a positive plane,” said Andrei Kartun.