2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 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
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186

About

Belarus-Spain Trade: In 2022, Belarus exported $27.9M to Spain. The main products that Belarus exported to Spain were Electrical Transformers ($4.31M), Molasses ($4.09M), and Nitrites and Nitrates ($2.79M). Over the past 5 years the exports of Belarus to Spain have decreased at an annualized rate of 3.73%, from $33.8M in 2017 to $27.9M in 2022.

In 2014, Belarus exported services to Spain worth $232k, with Computer and information services ($186k), Insurance services ($30k), and Government services, n.i.e. ($16k) being the largest in terms of value.

Spain-Belarus Trade: In 2022, Spain exported $94.4M to Belarus. The main products that Spain exported to Belarus were Motor vehicles; parts and accessories (8701 to 8705) ($9.65M), Unglazed Ceramics ($5.52M), and Rubber Tires ($4.85M). Over the past 5 years the exports of Spain to Belarus have decreased at an annualized rate of 9.75%,  from $158M in 2017 to $94.4M in 2022.

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

Comparison: In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $27.9M to Spain. The main products exported from Belarus to Spain were Electrical Transformers ($4.31M), Molasses ($4.09M), and Nitrites and Nitrates ($2.79M). During the last 5 years the exports of Belarus to Spain have decreased at an annualized rate of 3.73%, from $33.8M in 2017 to $27.9M in 2022.

In 2017, Spain exported $94.4M to Belarus. The main products exported from Spain to Belarus were Motor vehicles; parts and accessories (8701 to 8705) ($9.65M), Unglazed Ceramics ($5.52M), and Rubber Tires ($4.85M). During the last 5 years the exports of Spain to Belarus have decreased at an annualized rate of 9.75%, from $158M in 2022 to $94.4M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Spain (Flag)

Belarus Exports

Spain Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Belarus than Spain included Ukraine ($1.29B), Kazakhstan ($827M), and Uzbekistan ($386M).

In 2022, countries that imported more from Spain than Belarus included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Belarus - Spain

Flow
Scale

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

During 2022, Belarus had a large net trade with Spain in the exports of Foodstuffs ($6.34M), Chemical Products ($4.52M), and Machines ($4.4M).

During 2017, Spain had a large net trade with Belarus in the exports of Plastics and Rubbers ($17.5M), Chemical Products ($17.4M), and Foodstuffs ($12.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Spain+$2.95MOther Furniture
Top Product Potential Spain Belarus+$8.54MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belarus and Spain. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Belarus.

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

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