Language
Now in Minsk   The weather in Belarus

Home Economic Cooperation

Economic Cooperation

Since early 2000s, the United States has been one of the leading trade partners of Belarus, ranking from 5th to 6th in terms of trade turnover with the countries outside the Commonwealth of Independent States. In 2007, bilateral trade turnover reached the highest level of $740.8 million. However, following the imposition by theU.S. authorities of economic sanctions against the “Belneftekhim” concern, the flow of Belarusian exports was redirected from the U.S. market to markets of other countries.

In recent years the tendency of gradual revival of bilateral trade with the U.S. has taken shape: the volume of Belarus – U.S. trade in goods turnover totaled $ 568.3 million in 2015, Belarusian exports reached $122.7 million.

Belarus’s exports to the U.S. include fertilizers, metal products, flax fabric, X-ray equipment, optical products, woodworking articles, foodstuffs. For Belarus, the United States stays a major supplier of internal combustion engines, automobiles and trucks, medical equipment and medicine.

Foreign Trade between Belarus and the U.S. (US$, million):

 

Trade turnover

Exports

Imports

Balance

2009

471,3

41,4

429,9

- 385,5

2011

642,7

86,1

556,6

- 470,5

2013

675,7

89,1

586,6

- 445,6

2015 586,3 122,7 445,6 - 322,9

The United States is one of the leading investors in Belarus. In 2015 U.S. foreign investment to Belarus made up $90.2 million.

Representative offices of well-known U.S. companies, such as EPAM Systems, Exadel, Microsoft, HP, Culligan, Coca-Cola and McDonald’s successfully operate in Belarus. A number of American high-tech companies are registered as residents of the Belarusian Hi-Tech Park and have their representative offices in Belarus.

In 2015 Belarus’s exports in services to the U.S. equaled $344.1 million; the U.S. exports in services to Belarus totaled $75.6 million.

In the total services exports with the U.S., computer services have the largest share ($316.4 or 92% of total exports), and it keeps growing. Most of those computer services are provided by Belarusian Hi-Tech Park residents.