Date,
Time MSK

25.03.2016



Belarusian-Russian Bilateral Trade in 2015


In 2015 Belarusian-Russian bilateral trade volume decreased by 27% and reached 27.1 billion USD compared to 36.9 billion USD in 2014.


Belarusian exports to Russia fell to 10.2 billion USD (by 32%) while imports fell to 16.8 billion USD (by 23%) (see Figure 1).



Figure 1. 2007-2015 Belarusian-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Belarusian-Russian Bilateral Trade in 2015.png


Belarusian exports to Russia


Belarus primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Dairy products, eggs, honey, edible animal product nes (16%)

▪ Vehicles other than railway, tramway (10%)

▪ Machinery, nuclear reactors, boilers, etc (8%)

▪ Meat and edible meat offal (6%)

▪ Plastics and articles thereof (6%)

▪ Electrical, electronic equipment (5%)

▪ Mineral fuels, oils, distillation products, etc (4%)

▪ Articles of iron or steel (4%)

▪ Furniture, lighting, signs, prefabricated buildings (3%)

▪ Edible vegetables and certain roots and tubers (2%)

▪ Edible fruit, nuts, peel of citrus fruit, melons (2%)

▪ Meat, fish and seafood food preparations nes (2%)

▪ Wood and articles of wood, wood charcoal (2%)

▪ Sugars and sugar confectionery (2%)


In 2015 the imports of Belarusian made products in Russia experienced a significant fall. The imports of mineral fuels, oils, distillation products fell by 63%; the imports of meat, fish and seafood food preparations nes- by 47%.



Figure 2. Structure of Belarusian Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Belarusian Exports to Russia in 2015.png



Table 1. Key products exported from Belarus to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Belarusian products

04

Dairy products, eggs, honey, edible animal product nes

$2,259,215

$1,660,182

-27%

48.8

0

87

Vehicles other than railway, tramway

$1,610,687

$1,029,546

-36%

3.00

0

84

Machinery, nuclear reactors, boilers, etc

$1,278,728

$833,967

-35%

2.2

0

02

Meat and edible meat offal

$845,420

$654,617

-23%

12.6

0

39

Plastics and articles thereof

$868,250

$615,187

-29%

6.6

0

85

Electrical, electronic equipment

$698,399

$513,878

-26%

1.9

0

27

Mineral fuels, oils, distillation products, etc

$1,121,327

$409,576

-63%

26.8

0

73

Articles of iron or steel

$568,869

$396,711

-30%

6.00

0

94

Furniture, lighting, signs, prefabricated buildings

$438,871

$276,109

-37%

7.9

0

07

Edible vegetables and certain roots and tubers

$262,436

$249,893

-5%

5.1

0

08

Edible fruit, nuts, peel of citrus fruit, melons

$171,307

$219,547

28%

2.00

0

16

Meat, fish and seafood food preparations nes

$402,794

$213,325

-47%

47.6

0

44

Wood and articles of wood, wood charcoal

$204,066

$184,491

-10%

11.6

0

17

Sugars and sugar confectionery

$207,563

$179,811

-13%

19.6

0



Russian exports to Belarus


In 2015 Russia has exported to Belarus the following products (see Figure 3, Table 2):


▪ Mineral fuels, oils, distillation products, etc (54%)

▪ Vehicles other than railway, tramway (6%)

▪ Iron and steel (5%)

▪ Machinery, nuclear reactors, boilers, etc (4%)

▪ Electrical, electronic equipment (4%)

▪ Plastics and articles thereof (4%)

▪ Articles of iron or steel (2%)

▪ Paper and paperboard, articles of pulp, paper and board (1%)

▪ Organic chemicals (1%)

▪ Rubber and articles thereof (1%)

▪ Aluminium and articles thereof (1%)

▪ Inorganic chemicals, precious metal compound, isotopes (1%)

▪ Copper and articles thereof (1%)

▪ Salt, sulphur, earth, stone, plaster, lime and cement (1%)



2015 showed a significant fall in Russian exports to Belarus of salt, sulphur, earth, stone, plaster, lime and cement (-38%) (see Table 2).



Figure 3. Structure of Russian Exports to Belarus in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Belarus in 2015.png



Table 2. Key products exported from Russia to Belarus in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

27

Mineral fuels, oils, distillation products, etc

$11,597,620

$9,153,420

-21%

97.9

87

Vehicles other than railway, tramway

$1,358,792

$952,511

-30%

33.8

72

Iron and steel

$1,266,875

$846,074

-33%

76.6

84

Machinery, nuclear reactors, boilers, etc

$839,730

$678,970

-19%

18

85

Electrical, electronic equipment

$827,494

$661,941

-20%

39.5

39

Plastics and articles thereof

$697,589

$623,859

-11%

38

73

Articles of iron or steel

$521,897

$376,736

-28%

48.2

48

Paper and paperboard, articles of pulp, paper and board

$230,928

$186,239

-19%

48.7

29

Organic chemicals

$257,085

$172,877

-33%

38.1

40

Rubber and articles thereof

$197,506

$157,791

-20%

41.4

76

Aluminium and articles thereof

$180,571

$141,750

-21%

50.8

28

Inorganic chemicals, precious metal compound, isotopes

$164,190

$131,942

-20%

62.6

74

Copper and articles thereof

$178,110

$124,840

-30%

78.8

25

Salt, sulphur, earth, stone, plaster, lime and cement

$187,551

$116,937

-38%

66.4


Table 3 represents basic macroeconomic and foreign trade indicators for both countries.



Table 3. Macroeconomic Indicators for Russia and Belarus. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Belarus

GDP in 2014, billion dollars

1,857.461

76.139

GDP in 2015, billion dollars

1,175.996

60.530

Inflation, average consumer prices, %

7.82

22.079

Volume of imported goods, billion dollars

282.6

29.9

Volume of exported goods, billion dollars

492.1

26.8

Unemployment rate, %

5.10

0.515

Population, millions

143.7

9.421


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