2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 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
$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 195

About

Belarus-Sweden Trade: In 2023, Belarus exported $260k to Sweden. The main products that Belarus exported to Sweden were Brochures ($68.2k), Thermostats ($56.2k), and Preserved Vegetables ($49.8k). Over the past 5 years the exports of Belarus to Sweden have decreased at an annualized rate of 66.1%, from $57.9M in 2018 to $260k in 2023.

In 2014, Belarus exported services to Sweden worth $4.71M, with Computer and information services ($4.55M), Insurance services ($89.5k), and Royalties and license fees ($70.5k) being the largest in terms of value.

Sweden-Belarus Trade: In 2023, Sweden exported $8.3M to Belarus. The main products that Sweden exported to Belarus were Cars ($5.62M), Radioactive Chemicals ($956k), and Other Edible Preparations ($358k). Over the past 5 years the exports of Sweden to Belarus have decreased at an annualized rate of 41.3%,  from $119M in 2018 to $8.3M in 2023.

In 2001, Sweden exported services to Belarus worth $2M, with Other business services ($1.81M), Transportation ($95.2k), and Insurance services ($95.2k) being the largest in terms of value.

Comparison: In 2023,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $260k to Sweden. The main products exported from Belarus to Sweden were Brochures ($68.2k), Thermostats ($56.2k), and Preserved Vegetables ($49.8k). During the last 5 years the exports of Belarus to Sweden have decreased at an annualized rate of 66.1%, from $57.9M in 2018 to $260k in 2023.

In 2018, Sweden exported $8.3M to Belarus. The main products exported from Sweden to Belarus were Cars ($5.62M), Radioactive Chemicals ($956k), and Other Edible Preparations ($358k). During the last 5 years the exports of Sweden to Belarus have decreased at an annualized rate of 41.3%, from $119M in 2023 to $8.3M in 2018.

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

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

Latest Data

Trade between Belarus (Flag) and Sweden (Flag)

Belarus Exports

Sweden Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Sweden
Top Destination
Germany$18.4B

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

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

In 2023, countries that imported more from Sweden than Belarus included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

Comparative Advantage Belarus - Sweden

Flow
Scale

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

During 2023, Belarus had a large net trade with Sweden in the exports of Paper Goods ($68.2k), Machines ($67.8k), and Instruments ($56.5k).

During 2018, Sweden had a large net trade with Belarus in the exports of Transportation ($5.99M), Chemical Products ($956k), and Foodstuffs ($585k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Sweden+$2.09MSeats
Top Product Potential Sweden Belarus+$5.87MCars

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

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

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