2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 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
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Belarus-Italy Trade: In 2022, Belarus exported $44.7M to Italy. The main products that Belarus exported to Italy were Potassic Fertilizers ($6.54M), Polyamides ($2.84M), and Tanned Equine and Bovine Hides ($2.78M). Over the past 5 years the exports of Belarus to Italy have decreased at an annualized rate of 15.8%, from $106M in 2017 to $44.7M in 2022.

In 2014, Belarus exported services to Italy worth $2.04M, with Government services, n.i.e. ($1.27M), Computer and information services ($666k), and Insurance services ($99.7k) being the largest in terms of value.

Italy-Belarus Trade: In 2022, Italy exported $288M to Belarus. The main products that Italy exported to Belarus were Nonaqueous Paints ($16.5M), Coffee ($13.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($11.6M). Over the past 5 years the exports of Italy to Belarus have decreased at an annualized rate of 9.69%,  from $480M in 2017 to $288M in 2022.

In 2001, Italy exported services to Belarus worth $6.17M, with Travel ($3.53M), Insurance services ($1.76M), and Transportation ($881k) being the largest in terms of value.

Comparison: In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $44.7M to Italy. The main products exported from Belarus to Italy were Potassic Fertilizers ($6.54M), Polyamides ($2.84M), and Tanned Equine and Bovine Hides ($2.78M). During the last 5 years the exports of Belarus to Italy have decreased at an annualized rate of 15.8%, from $106M in 2017 to $44.7M in 2022.

In 2017, Italy exported $288M to Belarus. The main products exported from Italy to Belarus were Nonaqueous Paints ($16.5M), Coffee ($13.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($11.6M). During the last 5 years the exports of Italy to Belarus have decreased at an annualized rate of 9.69%, from $480M in 2022 to $288M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Italy (Flag)

Belarus Exports

Italy Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Italy
Top Destination
Germany$78.5B

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

In 2022, countries that imported more from Belarus than Italy included Tajikistan ($76M), Zimbabwe ($52M), and Kyrgyzstan ($83M).

In 2022, countries that imported more from Italy than Belarus included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Belarus - Italy

Flow
Scale

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

During 2022, Belarus had a large net trade with Italy in the exports of Chemical Products ($10.5M), Textiles ($5.89M), and Wood Products ($5.84M).

During 2017, Italy had a large net trade with Belarus in the exports of Machines ($71.6M), Chemical Products ($60.8M), and Plastics and Rubbers ($28.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Italy+$5.38MPotassic Fertilizers
Top Product Potential Italy Belarus+$16MPackaged 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 Italy. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Belarus.

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

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