2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 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
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186

About

Belarus-Thailand Trade: In 2022, Belarus exported $66.6M to Thailand. The main products that Belarus exported to Thailand were Potassic Fertilizers ($56.4M), Whey and other milk products ($6.32M), and Sulfate Chemical Woodpulp ($894k). Over the past 5 years the exports of Belarus to Thailand have increased at an annualized rate of 4.89%, from $52.4M in 2017 to $66.6M in 2022.

In 2014, Belarus exported services to Thailand worth $2.25M, with Computer and information services ($2.25M) and Government services, n.i.e. ($800) being the largest in terms of value.

Thailand-Belarus Trade: In 2022, Thailand exported $4.15M to Belarus. The main products that Thailand exported to Belarus were Tulles and Net Fabric ($1.39M), Cellulose ($598k), and Light Rubberized Knitted Fabric ($432k). Over the past 5 years the exports of Thailand to Belarus have decreased at an annualized rate of 33.5%,  from $32M in 2017 to $4.15M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $66.6M to Thailand. The main products exported from Belarus to Thailand were Potassic Fertilizers ($56.4M), Whey and other milk products ($6.32M), and Sulfate Chemical Woodpulp ($894k). During the last 5 years the exports of Belarus to Thailand have increased at an annualized rate of 4.89%, from $52.4M in 2017 to $66.6M in 2022.

In 2017, Thailand exported $4.15M to Belarus. The main products exported from Thailand to Belarus were Tulles and Net Fabric ($1.39M), Cellulose ($598k), and Light Rubberized Knitted Fabric ($432k). During the last 5 years the exports of Thailand to Belarus have decreased at an annualized rate of 33.5%, from $32M in 2022 to $4.15M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Thailand (Flag)

Belarus Exports

Thailand Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Thailand
Top Destination
United States$53.4B

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

In 2022, countries that imported more from Belarus than Thailand included Ukraine ($1.29B), Lithuania ($778M), and Kazakhstan ($827M).

In 2022, countries that imported more from Thailand than Belarus included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Belarus - Thailand

Flow
Scale

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

During 2022, Belarus had a large net trade with Thailand in the exports of Chemical Products ($56.5M), Animal Products ($6.32M), and Paper Goods ($1.14M).

During 2017, Thailand had a large net trade with Belarus in the exports of Textiles ($1.82M), Foodstuffs ($871k), and Plastics and Rubbers ($634k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Thailand+$930kSulfate Chemical Woodpulp
Top Product Potential Thailand Belarus+$601kMedical Instruments

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

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

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