:

Belarus-Turkish trade and economic cooperation

Trade and economic relations between Belarus and Turkey have been dynamically developing.  

Year

Turnover

Export

Import

Balance

2009

266,7

79,2

187,6

 - 108,4

2010

362,8

104,8

257,9

- 153,1

2011

433,3

129

304,3

- 175,3

2012

492,6

145,5

347,2

- 201,7

2013

578,4

168,2

410,2

- 242,0

2014

628,7

165,6

463,1

- 297,5

2015

629,7

141,9

487,8

-349,9

2016

817,4

84,8

732,6

-647,8

2017

942,1

134,4

807,7

 -673,3

2018

983,7

182,9

800,8

-617,9

2019

900,3

141,1

759,2

-618,1

2020

735,0

128,8

606,2

-477,4

Main positions of Belarusian exports to Turkey: petrochemical products, metallurgy products, light industry goods, wooden products.

In 2020, the volume of trade in services between Belarus and Turkey amounted to USD 58.6 million (94,4% to 2019), the Belarusian export – USD 39.4 million (90.5%), import – USD 19.2 million (103.7%).

The largest share in bilateral exports and import of services belongs to: transportation services, business and tourism services.

Belarusian-Turkish joint economic commission is the main intergovernmental mechanism for strengthening bilateral cooperation in trade, economic and investment spheres.

The 10th meeting of the Commission was held in April 2019 in Ankara.

Bilateral investment cooperation.

In 2020, the volume of Turkish investments in the Belarusian economy made up USD 61.7 million.

Examples of successful Turkish investment projects in Belarus are: the acquisition by the Turkish company “Turkcell”  of the shares of the Belarusian GSM-operator JSC “BeST” in 2008, construction by the “Princess Group” of the “Crowne Plaza Minsk” hotel, the implementation of other projects in the field of real estate, textile industry, production of building materials.

5 companies-residents with Turkish capital successfully implement investments projects in Free economic zones of Belarus.

There are two affiliates of Belarusian companies in Turkey – representation of petrochemistry concern Belneftekhim and Minsk Automobile Plant in Istanbul.

On January 1, 2021 there were registered more than 130 companies with capital from Turkey in Belarus.

In January 2020 in Turkey (Sinop) there was opened a joint Turkish-Belarusian company for the production of plastic toys Polesie TR.  

Belarusian Diplomatic Missions

All Missions Belarus' Foreign Ministry
Go to