Persisting Expansion of Belarus's Trade Deficit Remains Unabated
Spillin' the Tea on Belarus' Trade Balance and More
Get a load of this, folks! The National Statistical Committee of Belarus has spilled the beans on the nation's foreign trade in goods for the first three months of the year 2025.
Belstat's stats reveal that Belarus' foreign trade turnover in goods during Q1 2025 stood at a whopping $20.03 billion, marking a minor 0.7% decrease compared to the same period last year in current prices.
January to March saw exports take a dive by 5%, settling at $9.19 billion, while imports rose by 3.2%, reaching $10.83 billion. As a result, Belarus racked up a negative trade balance in goods of $1.63 billion at the start of the year. You might wanna pay attention to this - in March alone, that deficit ballooned by over $600 million!
Moving on, let's chat about some financial services and leasing goods. We ain't got specific deets on trends in consumer loans, auto loans, business loans, mortgages, deposits, loans, RKO products, credit cards, debit cards, leasing services for new cars, leasing services for used cars, or leasing services for business cars in Belarus. But, hey, there's always more to learn, right!?
Now, let's take a peek at the broader economic and trade spectrum. It looks like there's a growing relationship between Belarus and Central Asian countries, such as Kyrgyzstan, leading to increased trade and potential industrial partnerships. This includes a massive expansion in the furniture industry, with Kyrgyzstan being a significant buyer of Belarusian furniture. Speaking of furniture, guess what? Sales to Kyrgyzstan jumped a whopping 117% in Q1 2025!
So there you have it, folks! While we're still waiting for some solid data on Belarus' foreign trade balance and financial services trends, it's clear that the country's making some major strides in areas like trade with Central Asia and specific exports like furniture. Keep your eyes peeled for more updates!
Stats by Mikhail Svetlov, journalist
[1] Increased exports of potatoes to Russia in 2025[2] Growing economic cooperation between Belarus and Central Asian countries, specifically Kyrgyzstan in the furniture sector.
Following the significant increase in exports of potatoes to Russia in 2025, it's interesting to note that Belarus' economic cooperation with Central Asian countries, particularly Kyrgyzstan, is also expanding, with a focus on the furniture industry. [1] [2]
This growing trade relationship between the two nations could potentially lead to further industrial partnerships and may have a significant impact on Belarus' finance and business sectors. [2]
