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Trade and Investment Cooperation

The United Kingdom is one of the leading economic partners of the Republic of Belarus. As for export of Belarusian goods, the UK has been steadily taking third place after the Russian Federation and Ukraine for several years.

Trade in goods between Belarus and the UK in 2012 — 2020

 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

2020 / 2019,
growth, per cent

39.4 35.3 73.2

 


The leading positions of exports from Belarus to the UK are: petroleum products, coal tar distillate products, bitum, building bars, potash and nitrogen fertilizers, fiberboards and woodworking, furniture, raw lead, women's outerwear, binoculars and monoculars, X-ray equipment.

Leading positions of imports from Great Britain to Belarus are: engines, supplied for the assembly of Belarusian engineering and auto industry, air pumps, road and building machinery, herbicides, chemical compounds, polymers and lubricants, pharmaceutical products, frozen fish, food, strong spirits, medical equipment.

Foreign direct investment from the United Kingdom to the Republic of Belarus in 2020 amounted to $ 514.6 million. The UK ranks third among the top investrors in the economy of Belarus after Russia and Cyprus.

In 2018, the Belarus — UK intergovernmental Trade Dialogue was established.

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