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Belarus-Russia trade at $38.6bn in 2011

MINSK, 29 March (BelTA) – Belarus’ trade in goods with Russia has increased 5.9 times since 1996 to hit $38.6 billion in 2011 ($6.5 billion in 1996), BelTA learnt from spokeswoman for the National Statistics Committee Elena Kondratenko.

The Russian Federation is the main trading partner for Belarus. Last year Russia accounted for 34% of Belarus’ total export. Imports from Russia made up 54.5% of the country’s total imports.

In 2011 the Russian Federation imported $13.7 billion worth of Belarusian products, up 4.5 times from 1996. Imports increased 7.1 times to $24.9 billion.

Belarus posted an $11.2 billion trade deficit in 2011. Fifteen years ago this figure was at $497.7 million.

Belarus’ main exports to the Russian Federation comprise dairy and meat products, trucks, tractors and tractive units, ferrous metals, tyres, furniture, spare parts for trucks and tractors, agricultural equipment.

In 2010 Russia opened 2,178 companies in Belarus including 1,309 joint ventures.

The statistical survey has been prepared for Belarus-Russia Unity Day marked on 2 April.