2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 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
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Belarus-Sweden Trade: In 2022, Belarus exported $9.89M to Sweden. The main products that Belarus exported to Sweden were Seats ($3.46M), Potassic Fertilizers ($1.16M), and Steel Wire ($1.02M). Over the past 5 years the exports of Belarus to Sweden have decreased at an annualized rate of 21.8%, from $33.7M in 2017 to $9.89M in 2022.

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 2022, Sweden exported $24.9M to Belarus. The main products that Sweden exported to Belarus were Gas Turbines ($3.16M), Lifting Machinery ($2.89M), and Liquid Pumps ($1.96M). Over the past 5 years the exports of Sweden to Belarus have decreased at an annualized rate of 23.6%,  from $96M in 2017 to $24.9M in 2022.

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 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $9.89M to Sweden. The main products exported from Belarus to Sweden were Seats ($3.46M), Potassic Fertilizers ($1.16M), and Steel Wire ($1.02M). During the last 5 years the exports of Belarus to Sweden have decreased at an annualized rate of 21.8%, from $33.7M in 2017 to $9.89M in 2022.

In 2017, Sweden exported $24.9M to Belarus. The main products exported from Sweden to Belarus were Gas Turbines ($3.16M), Lifting Machinery ($2.89M), and Liquid Pumps ($1.96M). During the last 5 years the exports of Sweden to Belarus have decreased at an annualized rate of 23.6%, from $96M in 2022 to $24.9M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Sweden (Flag)

Belarus Exports

Sweden Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Sweden
Top Destination
Germany$19.2B

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 2022, countries that imported more from Belarus than Sweden included Ukraine ($1.29B), Kazakhstan ($827M), and Uzbekistan ($386M).

In 2022, countries that imported more from Sweden than Belarus included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

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 2022, Belarus had a large net trade with Sweden in the exports of Miscellaneous ($4.78M), Metals ($1.58M), and Chemical Products ($1.16M).

During 2017, Sweden had a large net trade with Belarus in the exports of Machines ($16.4M), Transportation ($2.94M), and Metals ($1.28M).

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) (2022)

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