{"id":116101,"date":"2024-11-30T11:44:46","date_gmt":"2024-11-30T08:44:46","guid":{"rendered":"https:\/\/pozirk.online\/en\/longreads\/116101\/"},"modified":"2024-11-30T11:44:48","modified_gmt":"2024-11-30T08:44:48","slug":"imports-drive-belarus-deficit-to-new-high","status":"publish","type":"longreads","link":"https:\/\/pozirk.online\/en\/longreads\/116101\/","title":{"rendered":"Imports drive Belarus&#8217; deficit to new high"},"content":{"rendered":"\n<p><strong>Belarus&#8217; trade deficit has reached over $1 billion from January to September 2024, driven by a significant rise in imports, which outpaced the growth in exports. Imports from the EU also increased as companies sought to take advantage of final opportunities before sanctions tightened.<\/strong><\/p>\n\n\n\n<figure class=\"block-image block-image-normal\">\n\n    <img decoding=\"async\" width=\"1128\" height=\"752\" src=\"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/03\/world-trade_1128_pixabay-com.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/03\/world-trade_1128_pixabay-com.jpg 1128w, https:\/\/pozirk.online\/wp-content\/uploads\/2024\/03\/world-trade_1128_pixabay-com-354x236.jpg 354w, https:\/\/pozirk.online\/wp-content\/uploads\/2024\/03\/world-trade_1128_pixabay-com-734x490.jpg 734w, https:\/\/pozirk.online\/wp-content\/uploads\/2024\/03\/world-trade_1128_pixabay-com-178x118.jpg 178w, https:\/\/pozirk.online\/wp-content\/uploads\/2024\/03\/world-trade_1128_pixabay-com-768x512.jpg 768w\" sizes=\"(max-width: 1128px) 100vw, 1128px\" \/>\n    <figcaption>\n        \n                    <div class=\"block-image__author\">\n                                <span>(Gino Crescoli \/ pixabay.com)<\/span>\n            <\/div>\n            <\/figcaption>\n<\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Imports outpace Exports<\/h3>\n\n\n\n<p>Exports increased by 3.3 percent year-on-year, reaching $30.3 billion, while imports rose by 7.3percent to $33.6 billion during the first nine months of the year, according to the National Statistics Committee (Bie\u0142stat).<\/p>\n\n\n\n<p>While officials highlight trade growth, they avoid emphasizing that it is driven by imports. In September alone, goods exports dropped by 5 percent to $3.4 billion, while imports surged by 25 percent to $4.3 billion. As a result, the one-month deficit amounted to $977 million.<\/p>\n\n\n\n<p>The Belarusian economy is becoming more reliant on imports, while exports are declining\u2014despite optimistic claims from officials.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-flourish wp-block-embed-flourish\"><div class=\"wp-block-embed__wrapper\">\n<iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"Interactive or visual content\" src=\"https:\/\/flo.uri.sh\/visualisation\/20427026\/embed#?secret=bWmvjnVEBE\" data-secret=\"bWmvjnVEBE\" frameborder=\"0\" scrolling=\"no\" height=\"575\" width=\"500\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">CIS exports up, other markets down<\/h3>\n\n\n\n<p>In September, Belarus\u2019 exports of goods to Commonwealth of Independent States (CIS) countries rose by 17percent year-on-year to $2.6 billion, while imports increased by 7 percent to $2.2 billion.<\/p>\n\n\n\n<p>However, this export growth is almost entirely driven by Russia, a key transit point for goods to other CIS nations. The heavy interdependence with Russia makes Belarus vulnerable to economic volatility in the region.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-flourish wp-block-embed-flourish\"><div class=\"wp-block-embed__wrapper\">\n<iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"Interactive or visual content\" src=\"https:\/\/flo.uri.sh\/visualisation\/20427068\/embed#?secret=0jgBJyT3uH\" data-secret=\"0jgBJyT3uH\" frameborder=\"0\" scrolling=\"no\" height=\"575\" width=\"500\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-flourish wp-block-embed-flourish\"><div class=\"wp-block-embed__wrapper\">\n<iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"Interactive or visual content\" src=\"https:\/\/flo.uri.sh\/visualisation\/20427142\/embed#?secret=NGnyCnf7rF\" data-secret=\"NGnyCnf7rF\" frameborder=\"0\" scrolling=\"no\" height=\"575\" width=\"500\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Outside the CIS, exports plummeted by 42 percent to $0.7 billion, while imports surged by 51 percent to $2.2 billion, setting a new record for 2024. The sharp decline in exports, combined with rising imports, has created a significant deficit\u2014resembling a &#8220;perfect storm&#8221; of negative factors that are exacerbating the country&#8217;s economic challenges.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Purchases may be related to sanctions<\/h3>\n\n\n\n<p>September&#8217;s surge may be an isolated event in the context of annual foreign trade. One possible explanation is that businesses were stockpiling goods ahead of upcoming import restrictions that were set to take effect in October.<\/p>\n\n\n\n<p>Imports from the EU rose by \u20ac59.5 million in September to \u20ac620.7 million. While Germany reduced exports, other countries increased their shipments to Belarus. In September, Poland raised its exports to Belarus by 38 percent to \u20ac65.5 million, the Czech Republic by 27 percent to \u20ac5.1 million, Lithuania by 3 percent to \u20ac3.5 million, and Latvia by 10 percent to \u20ac1.3 million.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-flourish wp-block-embed-flourish\"><div class=\"wp-block-embed__wrapper\">\n<iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"Interactive or visual content\" src=\"https:\/\/flo.uri.sh\/visualisation\/20427161\/embed#?secret=uFy3XBahZM\" data-secret=\"uFy3XBahZM\" frameborder=\"0\" scrolling=\"no\" height=\"575\" width=\"500\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Despite September&#8217;s rise, imports could decrease in the coming months, though challenges will persist. The sanctions, limited sales and rising imports suggest that Belarusian businesses are adapting, but it remains uncertain whether the economy can withstand further shocks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">China&#8217;s growing influence<\/h3>\n\n\n\n<p>China is Belarus&#8217; leading non-CIS trading partner, with imports from China rising to $622.9 million in September from $530.5 million in August.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-flourish wp-block-embed-flourish\"><div class=\"wp-block-embed__wrapper\">\n<iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"Interactive or visual content\" src=\"https:\/\/flo.uri.sh\/visualisation\/20427201\/embed#?secret=LklFvHthDQ\" data-secret=\"LklFvHthDQ\" frameborder=\"0\" scrolling=\"no\" height=\"575\" width=\"500\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>China has significantly increased its market share in Belarus, particularly in the equipment sector, as it substitutes Western manufacturers. Due to sanctions, China&#8217;s dominant position allows it to sell goods\u2014some of which are outdated or of lower quality\u2014at higher prices, further straining Belarus&#8217; economy.<\/p>\n\n\n\n<div class=\"insert-block\">\n\n    <div class=\"insert-block__img\">\n        <img decoding=\"async\" width=\"354\" height=\"181\" src=\"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/11\/07488141-f814-4bd5-9e71-9c5d56771a47-354x181.png\" class=\"attachment-medium size-medium\" alt=\"\" srcset=\"https:\/\/pozirk.online\/wp-content\/uploads\/2024\/11\/07488141-f814-4bd5-9e71-9c5d56771a47-354x181.png 354w, https:\/\/pozirk.online\/wp-content\/uploads\/2024\/11\/07488141-f814-4bd5-9e71-9c5d56771a47-734x376.png 734w, https:\/\/pozirk.online\/wp-content\/uploads\/2024\/11\/07488141-f814-4bd5-9e71-9c5d56771a47-768x393.png 768w, https:\/\/pozirk.online\/wp-content\/uploads\/2024\/11\/07488141-f814-4bd5-9e71-9c5d56771a47.png 787w\" sizes=\"(max-width: 354px) 100vw, 354px\" \/>                        <label class=\"insert-block__tag--mobile\"> The Viewer<\/label>\n\n                <\/div>\n    <div class=\"insert-block__text\">\n                    <label class=\"insert-block__tag\">The Viewer<\/label>\n                <h3 class=\"insert-block__title\">Belarus at a crossroad: how demographic challenges are undermining nation&#039;s economy<\/h3>\n        <div class=\"insert-block__descr\">Demographic challenges have become one of the most pressing issues for modern economies and societies, affecting various regions across the world, including Europe and Belarus. For Europe as a whole, the demographic situation has become a dual challenge due to &#8230;<\/div>\n        <a class=\"insert-block__btn-block\" href=\"\/en\/longreads\/115492\">\n            <button class=\"btn\">\n                <div class='btn__text'>Read<\/div>\n            <\/button>\n        <\/a>\n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Belarus&#8217; trade deficit has reached over $1 billion from January to September 2024, driven by a significant rise in imports, which outpaced the growth in exports. Imports from the EU also increased as companies sought to take advantage of final opportunities before sanctions tightened. Imports outpace Exports Exports increased by 3.3 percent year-on-year, reaching $30.3 [&hellip;]<\/p>\n","protected":false},"author":46,"featured_media":74453,"template":"","rubric":[24],"class_list":["post-116101","longreads","type-longreads","status-publish","has-post-thumbnail","hentry","rubric-theviewer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Imports drive Belarus&#039; deficit to new high | Pozirk<\/title>\n<meta name=\"description\" content=\"Belarus&#039; trade deficit has reached over $1 billion from January to September 2024, driven by a significant rise in imports, which outpaced the growth in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pozirk.online\/en\/longreads\/116101\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Imports drive Belarus&#039; 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