2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
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GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
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GDP PC 
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186
2022
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GDP PC
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186

About

Belarus-Romania Trade: In 2022, Belarus exported $52.7M to Romania. The main products that Belarus exported to Romania were Hot-Rolled Iron Bars ($9.82M), Insulated Wire ($5.89M), and Stranded Iron Wire ($3.72M). Over the past 5 years the exports of Belarus to Romania have decreased at an annualized rate of 12.2%, from $101M in 2017 to $52.7M in 2022.

In 2014, Belarus exported services to Romania worth $223k, with Insurance services ($97.9k), Government services, n.i.e. ($89.1k), and Computer and information services ($28.9k) being the largest in terms of value.

Romania-Belarus Trade: In 2022, Romania exported $36.1M to Belarus. The main products that Romania exported to Belarus were Packaged Medicaments ($9.85M), Corn ($3.98M), and Other Iron Bars ($2.92M). Over the past 5 years the exports of Romania to Belarus have decreased at an annualized rate of 7.55%,  from $53.5M in 2017 to $36.1M in 2022.

In 2022, Romania 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $52.7M to Romania. The main products exported from Belarus to Romania were Hot-Rolled Iron Bars ($9.82M), Insulated Wire ($5.89M), and Stranded Iron Wire ($3.72M). During the last 5 years the exports of Belarus to Romania have decreased at an annualized rate of 12.2%, from $101M in 2017 to $52.7M in 2022.

In 2017, Romania exported $36.1M to Belarus. The main products exported from Romania to Belarus were Packaged Medicaments ($9.85M), Corn ($3.98M), and Other Iron Bars ($2.92M). During the last 5 years the exports of Romania to Belarus have decreased at an annualized rate of 7.55%, from $53.5M in 2022 to $36.1M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Romania (Flag)

Belarus Exports

Romania Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Romania
Top Destination
Germany$18.8B

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

In 2022, countries that imported more from Belarus than Romania included Kazakhstan ($827M), Lithuania ($778M), and Uzbekistan ($386M).

In 2022, countries that imported more from Romania than Belarus included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

Comparative Advantage Belarus - Romania

Flow
Scale

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

During 2022, Belarus had a large net trade with Romania in the exports of Metals ($19.4M), Wood Products ($9.73M), and Machines ($6.16M).

During 2017, Romania had a large net trade with Belarus in the exports of Chemical Products ($13.3M), Metals ($5.68M), and Machines ($4.58M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Romania+$4.37MInsulated Wire
Top Product Potential Romania Belarus+$4.08MPackaged 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 Romania. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Belarus.

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

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