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Bilaterální vztahy Bělorusko-Česko Obchodní a ekonomická spolupráce

Trade and economic cooperation

The Czech Republic is among twenty main trade partners of Belarus. In the year 2019, the Czech Republic ranks 18th in terms of commodity turnover, 22nd in terms of exports and 15th in terms of import volume among all the trade partners of the Republic of Belarus.

Dynamics of Foreign Trade of Belarus with Czech Republic

Goods (methodology of foreign trade statistics)

USD Millions

 

2016

2017 2018 2019 2019/2018, %

Overall trade

276,9

290,2 373,7 358 95,8

Export

84,4

92,7 117,5 118,3 100,7

Import

192,5

197,5 256,2 239,8 93,6

Balance

-108,1

-104,8 -138,7 -121,5

 

According to the National Statistical Committee of the Republic of Belarus (BelStat), in 2019 trade turnover in goods amounted to USD 358 million, or 95.8%, year−on−year (y−o−y). The Belarusian exports to the Czech Republic was at the level of 2018 and amounted USD 118.3 million, or 100.7%, y−o−y; the exports excluding oil products, petroleum gases and potash fertilizers amounted 

USD 110,1 million, or 97.7% y−o−y. The imports fell by 6,4% to USD 239.8 million. The trade balance deficit reached USD 121.5 million which represented a decrease by USD 17,2 million, y−o−y. Belarusian companies export to the Czech Republic steel and aluminum products (pipes and profiles, steel rods, metal structures from ferrous metals and aluminum, hardware); cables, petrochemical products (mineral fertilizers, synthetic threads, polyamides, synthetic filament, heterocyclic compounds, fiberglass, polycarboxylic acids, polyacetals and polyesters, other plain, epoxy resins, monofilament, plastic profiles, ammonia); wood processing and paper industry products (sawn timber, plywood, chipboard and MDF panels, furniture, paper napkins and towels, cardboard reels, etc.); instrumentation products (communication equipment, refrigerators, washing machines, electrical devices for traffic control, measuring and controlling equipment for the liquids and gases, computers, air or vacuum pumps, compressors and fans); engineering products and parts for it (special-purpose machines and mechanical devices, tractors, parts for electric motors and installations, engines and power equipment); building materials (soft roofing materials, slag, structural engineering, plastics and plant materials plates, ceramics sanitary ware, polished glass); peat, lead, raw flax, food products.

Czech companies used to export to the Republic of Belarus of all kind of equipment for modernization of Belarusian energy, industrial and agricultural sectors. The most important import goods from the Czech Republic in 2019 were electrical devices for ensuring safety and traffic control, liquid pumps, computers, panels, tables for electrical equipment, control or measuring devices, tableware and kitchen glassware, centrifuges, equipment and devices for filtering liquids or gases, cars, pipe fittings, food products, batteries, cable products, air conditioning units, medicines, equipment and vehicles, plastic pipes and fittings, air or vacuum pumps, compressors and fans, parts for automobiles and tractors, equipment for heat treatment of materials, tires, lorries, steel products, etc.

In 2019, bilateral sales in services increased by 34% to USD 158.5 million. Belarusian export of services reported growth by 20,6%, y−o−y, to USD 123.4 million. The import of Czech services increased more than twice to USD 35 million. Trade balance for services ended in a surplus of USD 88.4 million, and thus it was by USD 1.9 million greater, y−o−y. A double-digit growth was reported by computers, telecommunications, information service activities (by 26.5% to USD 76.0 million), which reached to 61.5% of the total export of services. 

A sales growth was also reported by the traditional sections of transport (+2.7%, y-o-y, to USD 35.2 million), including land transport (+4,9%) and air transport (+6.1%), Transport services account for 28.5% of the total Belarusian sales in services. Increasing sales were achieved by other business services, which include, for example, architectural and engineering activities, marketing, exhibitions activities (+44%), construction services rendered in Belarus, due to the implementation of joint projects at the stage construction and installation works (more, than twice), tourism (+30%).

According to the BelStat, in 2019 the inflow of the Czech investment to the economy of Belarus reached USD 22.5 million, the direct investment amounted USD 16.2 million. By the end or 2019 the aggregate volume of accumulated investments from the Czech Republic amounted to USD 136 million, including direct investments of USD 99 million. 

More than 100 enterprises with Czech capital are established in Belarus. Companies with Czech capital are working in different spheres of the economy — IT, the production of automation tools for transport, engineering and construction services, trade, industry, etc.

Since 2009, the Belarusian-Czech Intergovernmental Commission on Economic, Industrial, Scientific and Technical Сooperation have been held annually to support mutual trade. On April 17 and 18, 2019 the 11th Session of the Belarusian-Czech Intergovernmental Commission took place in Prague. As a rule, bilateral business forums are held simultaneously with the Commission meeting. 

On October 29 and 30, 2019 the Belarusian-Czech business forums took place in Minsk and Vitebsk.

Within the framework of the Joint Commission, the Parties created six Belarusian-Czech working groups for cooperation in the fields of energy, engineering, transport, agriculture and food industry, forestry, and scientific, technical and innovative cooperation. The Belarusian-Czech working group for cooperation in the fields of energy demonstrates most promising agenda and meets twice a year.

In addition, since 2017, consultations on trade and economic issues between the Ministry of Foreign Affairs of the Republic of Belarus and the Ministry of Foreign Affairs of the Czech Republic at the level of heads of economic departments have been practiced. The Czech delegation was also attended by the Director of the Department of Foreign Economic Policy of the Ministry of Industry and Trade of the Czech Republic

 

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