Belarus Oil - exports

Variable: Value of oil exports

Note: Value is equal to the price per unit of quantity of oil exports multiplied by the number of quantity units.

Units: U.S. dollars

Scale: Billions

Country-specific Note: Source: National Statistical Office. Formally, the National Statistical Committee of the Republic of Belarus Latest actual data: 2010 Notes: Belarus purchases crude oil from Russia at a price different from the world market price: they get it at a substantial discount. The dynamics of the imported oil price deflator is set by world prices as well as by the subsidy, so it does not follow world prices. Deflator of oil exports reflects (i) crude oil and (ii) oil products. Oil products are priced differently from crude oil. The historical values are taken from the authorities? data. Projections should be reasonably close to WEO?s numbers because we use POILAPSP for ?pricing? oil products in the projection period. Base year: 2009 Methodology used to derive volumes: Cost index divided by Fisher price index. Formula used to derive volumes: Fisher Chain-weighted: No. Last update of weights was 2008. Trade System: General trade Excluded items in trade: In transit;Other;. Excluded items include transit goods and goods from U.N. methodology. Excluded items in manufactures: Excluded items include transit goods and goods from U.N. methodology. Oil coverage: Primary or unrefined products;Secondary or refined products;Other; Valuation of exports: Delivered At Frontier (DAF) Valuation of imports: Cost, insurance, freight (CIF)

Source: International Monetary Fund - 2011 World Economic Outlook