2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 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
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186

About

Belarus-Kuwait Trade: In 2022, Belarus exported $7.3M to Kuwait. The main products that Belarus exported to Kuwait were Potassic Fertilizers ($4.17M), Glass Fibers ($648k), and Aluminium Structures ($587k). Over the past 5 years the exports of Belarus to Kuwait have increased at an annualized rate of 5.73%, from $5.52M in 2017 to $7.3M in 2022.

In 2014, Belarus exported services to Kuwait worth $2.01M, with Insurance services ($2.01M) and Government services, n.i.e. ($200) being the largest in terms of value.

Kuwait-Belarus Trade: In 2022, Kuwait exported $34k to Belarus. The main products that Kuwait exported to Belarus were N/A. Over the past 5 years the exports of Kuwait to Belarus have decreased at an annualized rate of 53.1%,  from $1.5M in 2017 to $34k in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $7.3M to Kuwait. The main products exported from Belarus to Kuwait were Potassic Fertilizers ($4.17M), Glass Fibers ($648k), and Aluminium Structures ($587k). During the last 5 years the exports of Belarus to Kuwait have increased at an annualized rate of 5.73%, from $5.52M in 2017 to $7.3M in 2022.

In 2016, Kuwait exported $34k to Belarus. There were not main exports from Kuwait to Belarus in 2016. During the last 5 years the exports of Kuwait to Belarus have decreased at an annualized rate of 53.1%, from $1.5M in 2021 to $34k in 2016.

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

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

Latest Data

Trade between Belarus (Flag) and Kuwait (Flag)

Belarus Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Kuwait
Top Destination
China$24.3B

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

In 2022, countries that imported more from Belarus than Kuwait included Ukraine ($1.29B), Poland ($933M), and Kazakhstan ($827M).

In 2022, countries that imported more from Kuwait than Belarus included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Belarus - Kuwait

Flow
Scale

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

During 2022, Belarus had a large net trade with Kuwait in the exports of Chemical Products ($4.21M), Metals ($1.3M), and Stone And Glass ($648k).

During 2016, Kuwait had a large net trade with Belarus in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Kuwait+$660kPotassic Fertilizers
Top Product Potential Kuwait Belarus+$4.54kCrude Petroleum

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

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

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