Belarus recorded a balance of trade deficit of USD 882.1 million in foreign trade in 2002. This was announced by Deputy Head of the Belarus Interior Ministry Press Department Andrei Savinykh at a briefing in Minsk today. According to the ministry there was a deficit of USD 1754.4 million in trade with CIS countries and USD 1788.6 million in trade with Russia. On the other hand, there was a balance of trade surplus of USD 872.3 million with non-CIS countries.
According to Mr Savinykh Belarus' volume of foreign trade increased in 2002 by 9.3% with export increasing by 8.7% and import by 9.8%. However export to CIS countries decreased by 0.7% while export to non-CIS countries rose by 23%.
Belarus' total foreign trade turnover for 2002 came to USD 17.08 billion. Export to Russia totaled USD 4.05 billion while import from Russia came to USD 5.84 billion.
President Joe Biden will soon regurgitate on the public the words of George W. Bush uttered in 2002