2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 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
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Belarus-Singapore Trade: In 2023, Belarus exported $8.9M to Singapore. The main products that Belarus exported to Singapore were Antiknock ($7.79M), Concentrated Milk ($528k), and Hand Saws ($200k). Over the past 5 years the exports of Belarus to Singapore have decreased at an annualized rate of 15.3%, from $20.4M in 2018 to $8.9M in 2023.

In 2014, Belarus exported services to Singapore worth $673k, with Computer and information services ($662k) and Insurance services ($11.5k) being the largest in terms of value.

Singapore-Belarus Trade: In 2023, Singapore exported $438k to Belarus. The main products that Singapore exported to Belarus were Refined Petroleum ($389k), Rubber Belting ($40.2k), and Plastic Pipes ($6.84k). Over the past 5 years the exports of Singapore to Belarus have decreased at an annualized rate of 57.5%,  from $31.8M in 2018 to $438k in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $8.9M to Singapore. The main products exported from Belarus to Singapore were Antiknock ($7.79M), Concentrated Milk ($528k), and Hand Saws ($200k). During the last 5 years the exports of Belarus to Singapore have decreased at an annualized rate of 15.3%, from $20.4M in 2018 to $8.9M in 2023.

In 2018, Singapore exported $438k to Belarus. The main products exported from Singapore to Belarus were Refined Petroleum ($389k), Rubber Belting ($40.2k), and Plastic Pipes ($6.84k). During the last 5 years the exports of Singapore to Belarus have decreased at an annualized rate of 57.5%, from $31.8M in 2023 to $438k in 2018.

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

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

Latest Data

Trade between Belarus (Flag) and Singapore (Flag)

Belarus Exports

Singapore Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, countries that imported more from Belarus than Singapore included Kazakhstan ($757M), Uzbekistan ($509M), and Azerbaijan ($325M).

In 2023, countries that imported more from Singapore than Belarus included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Belarus - Singapore

Flow
Scale

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

During 2023, Belarus had a large net trade with Singapore in the exports of Chemical Products ($7.8M), Animal Products ($542k), and Metals ($324k).

During 2018, Singapore had a large net trade with Belarus in the exports of Mineral Products ($389k), Plastics and Rubbers ($47.1k), and Machines ($2.05k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Singapore+$1.53MConcentrated Milk
Top Product Potential Singapore Belarus+$1.05MRefined 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 Singapore. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Belarus.

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

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