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PM: Belarus’ export hits record high of $50bn in 2024

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MINSK, 17 January (BelTA) – Belarus’ export is estimated at a record high of $50 billion in 2024, Belarusian Prime Minister Roman Golovchenko said as he summarized the economic performance of the country in 2024, BelTA has learned.

According to him, the January-November statistics shows a growth rate of 103.8%. "I think that the annual rate will reach almost the same figure. It is a little less than the target, but it is still an all-time record. We will have almost $50 billion in export," he emphasized.

In January-November 2024, Belarus exported goods worth over $45 billion, which was a record high for the last 12 years. "I stress that this happened amid the sanctions pressure, expensive logistics, rising costs, and other factors. Belarus’ export grew by 3.8%, or $1.7 billion, year-on-year. There is a bit alarming trend connected with a slight increase in the trade deficit. This is primarily due to the fact that prices for raw materials are growing much faster than prices for finished products. This issue is currently being addressed," Roman Golovchenko said. “I think that this year we will be able to tackle it. Still, we analyze and monitor the situation."

It is important to understand that these figures show processes that take place both in the economy and in the society rather than statistics, the premier added. "Everything that we are doing is aimed at increasing people's welfare and improving their quality of life. At the same time, the economy should be balanced, without distortions," he said.

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