2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC 
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186
2022
Flag
GDP PC
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186

About

Belarus-Armenia In 2022, Belarus exported $107M to Armenia. The main products that Belarus exported to Armenia are Diamonds ($24.2M), Concentrated Milk ($20.1M), and Hard Liquor ($5.69M). During the last 25 years the exports of Belarus to Armenia have increased at an annualized rate of 18.9%, from $1.39M in 1997 to $107M in 2022.

In 2014, Belarus exported services to Armenia worth $46k, with Government services, n.i.e. ($28.6k), Computer and information services ($11.4k), and Royalties and license fees ($4.6k) being the largest in terms of value.

Armenia-Belarus In 2022, Armenia exported $74.6M to Belarus. The main products that Armenia exported to Belarus were Broadcasting Equipment ($18.2M), Hard Liquor ($11.4M), and Diamonds ($6.15M). During the last 25 years the exports of Armenia to Belarus have increased at an annualized rate of 18.6%, from $1.05M in 1997 to $74.6M in 2022.

In 2022, Armenia did not export any services to Belarus.

Comparison In 2022,  Belarus ranked 30 in the Economic Complexity Index (ECI 0.86), and 100 in total exports ($10.4B). That same year, Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $107M to Armenia. The main products exported from Belarus to Armenia were Diamonds ($24.2M), Concentrated Milk ($20.1M), and Hard Liquor ($5.69M). During the last 25 years the exports of Belarus to Armenia have increased at an annualized rate of 18.9%, from $1.39M in 1997 to $107M in 2022.

In 2022, Armenia exported $74.6M to Belarus. The main products exported from Armenia to Belarus were Broadcasting Equipment ($18.2M), Hard Liquor ($11.4M), and Diamonds ($6.15M). During the last 25 years the exports of Armenia to Belarus have increased at an annualized rate of 18.6%, from $1.05M in 1997 to $74.6M in 2022.

Exports from Belarus (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to Belarus (Flag) (2022)

Latest Data

Trade between Belarus (Flag) and Armenia (Flag)

Belarus Exports

Armenia Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Armenia
Top Destination
Russia$2.36B

This map shows whether countries import more from Belarus or Armenia. Each country is colored based on the difference in imports they receive from Belarus and Armenia or the difference in the growth in imports.

In 2021, countries that imported more from Belarus than Armenia were Ukraine ($1.29B), China ($1.6B), and Poland ($933M).

In 2021, countries that imported more from Armenia than Belarus were Russia ($2.36B), United Arab Emirates ($535M), and Iraq ($250M).

Difference in imports from Armenia (Flag) and Belarus (Flag) (2022)

Comparative Advantage Belarus - Armenia

Flow
Scale

This chart compares trade between Belarus and Armenia by product, considering products traded by both, Belarus and Armenia.

During 2022, Belarus had a large net trade with Armenia in the exports of Precious Metals ($24.4M), Animal Products ($22.6M), and Foodstuffs ($11.5M).

During 2022, Armenia had a large net trade with Belarus in the exports of Machines ($35.4M), Foodstuffs ($13.1M), and Precious Metals ($7.34M).

Service Trade

Bilateral Service Trade

In 2014, Belarus exported services to Armenia worth $46k, with Government services, n.i.e. ($28.6k), Computer and information services ($11.4k), and Royalties and license fees ($4.6k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Belarus (Flag) to Armenia (Flag) (2014)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belarus has comparative advantage over Armenia. Similarly, the more yellow a dot/product is, the more Armenia has comparative advantage over Belarus.

Product Space of Belarus (Flag) and Armenia (Flag) (2022)

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