Belarus’s foreign trade in goods and services returned to a surplus in January, with exports exceeding imports, according to data from the National Bank.
Exports of goods and services increased by 14.8% to $3.96 billion in January. Imports rose by 3.5% to $3.8 billion. As a result, the foreign trade surplus amounted to $153.7 million. A year earlier, the year had begun with a trade deficit of $228.3 million.
Trade in goods remained in deficit. Exports of goods rose by 10% to $2.96 billion, while imports increased by 2.1% to $3.19 billion. The goods trade deficit amounted to $231.8 million, down 46.8% compared with the first month of last year.
Exports of services increased by 31.7% to $1 billion in January, while imports rose by 11.5% to $616.5 million. The services trade surplus grew by 85.6% year-on-year to $385.5 million, more than offsetting the excess of imports over exports in goods trade.
