Trade and Investment Cooperation
The United Kingdom is one of the major economic partners of the Republic of Belarus. In 2021, the UK ranked 16th among top importers of Belarusian goods.
Trade in goods between Belarus and the UK in 2012 — 2021
mln. US dollars
|
Period |
Turnover |
Export |
Import |
Balance |
|
2012 |
927.4 |
569.5 |
357.9 |
211.6 |
|
2013 |
1 428.8 |
1 027.9 |
400.9 |
627.0 |
|
2014 |
3 253.1 |
2 928.8 |
324.3 |
2 605.5 |
|
2015 |
3 157.5 |
2 981.3 |
176.2 |
2 805.1 |
|
2016 |
1 242.1 |
1 083.2 |
158.9 |
924.3 |
|
2017 |
2 656.6 |
2 407.3 | 249.3 | 2 158.0 |
| 2018 |
3 386.9
|
3 072.9 | 314.0 | 2 759.0 |
| 2019 | 2 581.7 | 2 305.5 | 276.2 | 2 029.3 |
| 2020 | 1 016.2 | 814.0 | 202.2 | 611.8 |
| 2021 | 437.3 | 224.2 | 213.1 | 11.1 |
|
2021 / 2020, |
43.5 | 27.9 | 105.3 |
|
The main export products of Belarus to the UK: woodworking products, unalloyed steel bars, liquid crystal devices, lasers, metal structures, furniture, X-ray equipment.
The main import products: internal combustion engines, strong spirits, fresh and frozen fish, medicines, X-ray equipment, road and construction equipment, cars, parts and accessories for cars and tractors, electric transformers.
In 2018, the Belarusian-British Intergovernmental Trade Dialogue was established.
Foreign direct investment from the United Kingdom to the Republic of Belarus in 2021 amounted to $250.4 million.
