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Home International Customs

Belarus’ oil imports up by 1.4% in Jan-May

byCT Report
21/07/2016
in International Customs, World Business
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MINSK: In January-May 2016, Belarus increased the import of Russian crude oil to 9.6 million tonnes, up by 1.4% from the same period in 2015, BelTA learned from the National Statistics Committee. In January-May, the country bought $1.9 billion worth of oil, which is 73.4% of the cost of the oil Belarus bought in January-May 2015.

The average price for one tonne of oil stood at $199.6. In January-May 2015, it was $275.8. Belarus imported 556,000 tonnes of oil products, up by 37.2% from January-May 2015, to the total tune of $173.8 million. The average price was $312.8 per tonne against $388.5 in January-May 2015. Over the first five months of 2016, Belarus exported 673,000 tonnes of oil, up by 0.1% from the same period in 2015.

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The exported oil earned the country almost $167.9 million (down by 36.7%). Apart from that, Belarus exported 7,591.000 tonnes of oil products (down by 0.2%) worth $2 billion against $3.1 billion over the same period a year earlier.

Tags: Belarus' oil imports up by 1.4% in Jan-May

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