Breaking all records: credit balance deficit of Belarus reached $3.9 billion

Adverse balance of foreign trade in goods and services in the first half of year 2009 has grown almost twice.

As Interfax informs, it has been stated at the session of the Council of Ministers by the chairman of the National Statistics Committee of Belarus Uladzimir Zinouski.

As said by Uladzimir Zinouski, in June taken alone the adverse balance of foreign trade in Belarus has grown by $733 mln. Thus, the adverse balance in foreign trade in the first half of the year 2009 was $3.9 billion. It is 1.8 times more than in the first half of 2008.

The head of the National Statistics Committee explained that the growth of the adverse balance of foreign trade has been caused by the decrease of export by 47.7% to $9 billilon while import has dropped by 33.4% (to $12.9 billion). As a result, the external trade turnover of Belarus in the first half of the year dropped by 40.1% (to $21.9 billion dollars).

Uladzimir Zinouski stated that the main reason for growth of the adverse balance of foreign trade is operations with intermediate goods (energy resources, raw materials, constituent parts). In the first half of 2009 the deficit in their trade has grown by $712.4 mln.