Trade, economic and investment cooperation
At the end of 2021, the turnover of trade in goods and services between Belarus and Denmark amounted to $326.3 million, a decrease of 5% compared to 2020.
Dynamics of trade of goods between Belarus and Denmark (US $ million)
Turnover |
Export |
Import |
||||
Cost |
Growth % |
Cost |
Growth % |
Cost |
Growth % |
|
2015 |
95,3 |
-34,1 |
12,7 |
151,2 |
82,6 |
-39.4 |
2016 |
94,8 |
-4,7 |
5,8 |
-54,3 |
89 |
107,7 |
2017 |
100,6 |
106,1 |
11,8 |
203,4 |
88,8 |
-0,3 |
2018 |
150,1 |
149,2 |
24,7 |
209,3 |
125,4 |
141,2 |
2019 |
116,1 |
-24,2 |
31,6 |
127,9 |
84,5 |
-36,7 |
2020 |
242,2 |
208,3 |
152,1 |
480,6 |
90,1 |
106,4 |
2021 |
224 |
92,5 |
120,9 |
79,5 |
103,1 |
114,4 |
In 2021, the nomenclature of Belarusian exports to Denmark included 99 commodity lines. Import of goods from Denmark in 2021 included 455 commodity lines.
Exports of Belarusian services to Denmark amounted to USD 30.6 million (125% by 2020). Imports of services from Denmark amounted to USD 71.7 million (89.4% in 2020).
In 2021, the volume of Danish investments on a net basis (excluding debts to direct investors for goods, works and services) in Belarus amounted to USD 6.1 million.
The accumulated volume of investments from Denmark into the real sector of the Belarusian economy as of January 1, 2022 amounted to $38.6 million, of which $36.9 million was direct investments.
There are 24 organisations with Danish capital registered in Belarus.