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2022
Flag → Flag
Exports $42.7MRnk 157 / 217
2022
Flag → Flag
Top Product $16.1MPackaged Medicaments
2022
Flag → Flag
Exports $174MRnk 14 / 125
2022
Flag → Flag
Top Product $162MPotassic Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.82Rnk 32 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH13.7%CURRENT US$
Rnk 101 / 186

About

India-Belarus Trade: In 2022, India exported $42.7M to Belarus. The main products that India exported to Belarus were Packaged Medicaments ($16.1M), Nitrogen Heterocyclic Compounds ($3.39M), and Fish Fillets ($2.8M). Over the past 5 years the exports of India to Belarus have decreased at an annualized rate of 15.8%, from $101M in 2017 to $42.7M in 2022.

In 2022, India did not export any services to Belarus.

Belarus-India Trade: In 2022, Belarus exported $174M to India. The main products that Belarus exported to India were Potassic Fertilizers ($162M), Plastic Building Materials ($3.15M), and Flax Fibers ($2.58M). Over the past 5 years the exports of Belarus to India have decreased at an annualized rate of 7.88%,  from $285M in 2017 to $174M in 2022.

In 2014, Belarus exported services to India worth $287k, with Insurance services ($152k), Government services, n.i.e. ($87.9k), and Computer and information services ($46.7k) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $7.06M and imported $1.65M from Belarus, resulting in a positive trade balance of $5.41M. Between August 2023 and August 2024 the exports of India have increased by $4.83M (217%) from $2.23M to $7.06M, while imports increased by $1.04M (168%) from $616k to $1.65M.

Trade In August 2024, the top exports of India to Belarus were Drug Formulations, Biologicals ($1.18M), Marine Products ($384k), Leather Footwear Component ($277k), Bulk Drugs, Drug Intermediates ($251k), and Indl. Machnry For Dairy Etc ($168k). In August 2024 the top imports of India from Belarus were Moulded And Extruded Goods ($283k), Other Commodities ($185k), Bulk Drugs, Drug Intermediates ($145k), Electronics Components ($85.8k), and Iron And Steel ($82.2k).

Growth In August 2024, the increase in India's year-by-year exports to Belarus was explained primarily by an increase in product exports in Drug Formulations, Biologicals ($648k or 123%), Electronics Instruments ($76.4k or 1.21k%), and Manmade Yarn,Fabrics,Madeups ($70.6k or 78.5%). In August 2024, the increase in India's year-by-year imports  from Belarus was explained primarily by an increase in product imports  in Electronics Components ($36.7k or 74.6%) and Electronics Instruments ($8.52k or 4.87k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$4.83M(217%)
IMPORT GROWTH (August 2023 - August 2024)$1.04M(168%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Belarus and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belarus and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $42.7M to Belarus. The main products exported from India to Belarus were Packaged Medicaments ($16.1M), Nitrogen Heterocyclic Compounds ($3.39M), and Fish Fillets ($2.8M). During the last 5 years the exports of India to Belarus have decreased at an annualized rate of 15.8%, from $101M in 2017 to $42.7M in 2022.

In 2017, Belarus exported $174M to India. The main products exported from Belarus to India were Potassic Fertilizers ($162M), Plastic Building Materials ($3.15M), and Flax Fibers ($2.58M). During the last 5 years the exports of Belarus to India have decreased at an annualized rate of 7.88%, from $285M in 2022 to $174M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Belarus
Top DestinationChina$1.6B

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

In 2022, countries that imported more from India than Belarus included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Belarus

Flow
Scale

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

During 2022, India had a large net trade with Belarus in the exports of Chemical Products ($27.5M), Animal Products ($4.16M), and Machines ($2.83M).

During 2017, Belarus had a large net trade with India in the exports of Chemical Products ($163M), Plastics and Rubbers ($3.24M), and Textiles ($2.62M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Belarus+$19.7MPackaged Medicaments
Top Product Potential Belarus India+$7.29MPotassic Fertilizers

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

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

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