2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC 
$7,829CURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC
$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195

About

Belarus-India Trade: In 2023, Belarus exported $32.3M to India. The main products that Belarus exported to India were Potassic Fertilizers ($4.28M), Brochures ($3.93M), and Navigation Equipment ($2.97M). Over the past 5 years the exports of Belarus to India have decreased at an annualized rate of 36.4%, from $310M in 2018 to $32.3M in 2023.

In 2014, Belarus exported services to India worth $287k, with Insurance services ($152k), Government services, n.i.e. ($87.9k), and Computer and information services ($46.7k) being the largest in terms of value.

India-Belarus Trade: In 2023, India exported $45.4M to Belarus. The main products that India exported to Belarus were Packaged Medicaments ($16.3M), Other Organic Compounds ($2.68M), and Nitrogen Heterocyclic Compounds ($2.5M). Over the past 5 years the exports of India to Belarus have decreased at an annualized rate of 15.2%,  from $144M in 2018 to $45.4M in 2023.

In 2023, India did not export any services to Belarus.

Comparison: In 2023,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $32.3M to India. The main products exported from Belarus to India were Potassic Fertilizers ($4.28M), Brochures ($3.93M), and Navigation Equipment ($2.97M). During the last 5 years the exports of Belarus to India have decreased at an annualized rate of 36.4%, from $310M in 2018 to $32.3M in 2023.

In 2018, India exported $45.4M to Belarus. The main products exported from India to Belarus were Packaged Medicaments ($16.3M), Other Organic Compounds ($2.68M), and Nitrogen Heterocyclic Compounds ($2.5M). During the last 5 years the exports of India to Belarus have decreased at an annualized rate of 15.2%, from $144M in 2023 to $45.4M in 2018.

Exports from Belarus (Flag) to India (Flag) (2023)

Exports from India (Flag) to Belarus (Flag) (2023)

Latest Data

Trade between Belarus (Flag) and India (Flag)

Belarus Exports

India Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
India
Top Destination
United States$85.5B

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

In 2023, countries that imported more from Belarus than India included Kazakhstan ($757M), Lithuania ($302M), and Azerbaijan ($325M).

In 2023, countries that imported more from India than Belarus included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India (Flag) and Belarus (Flag) (2023)

Comparative Advantage Belarus - India

Flow
Scale

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

During 2023, Belarus had a large net trade with India in the exports of Chemical Products ($7.32M), Machines ($5.63M), and Paper Goods ($5.31M).

During 2018, India had a large net trade with Belarus in the exports of Chemical Products ($30.3M), Machines ($5.54M), and Metals ($1.81M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus India+$7.29MPotassic Fertilizers
Top Product Potential India Belarus+$19.7MPackaged Medicaments

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 India. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Belarus.

Product Space of Belarus (Flag) and India (Flag) (2023)

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