2023
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH
-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
 GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC 
$5,070CURRENT US$
Rnk 122 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC
$7,829CURRENT US$
Rnk 98 / 196
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195

About

Ukraine-Belarus Trade: In 2023, Ukraine exported $3.48M to Belarus. The main products that Ukraine exported to Belarus were Hot-Rolled Iron ($2.17M), Flat Flat-Rolled Steel ($1.22M), and Cold-Rolled Iron ($44.6k). Over the past 5 years the exports of Ukraine to Belarus have decreased at an annualized rate of 69.6%, from $1.34B in 2018 to $3.48M in 2023.

In 2023, Ukraine did not export any services to Belarus.

Belarus-Ukraine Trade: In 2023, Belarus exported $19.8M to Ukraine. The main products that Belarus exported to Ukraine were Float Glass ($14.6M), Motor vehicles; parts and accessories (8701 to 8705) ($1.4M), and Plastic Lids ($898k). Over the past 5 years the exports of Belarus to Ukraine have decreased at an annualized rate of 65.6%,  from $4.12B in 2018 to $19.8M in 2023.

In 2014, Belarus exported services to Ukraine worth $2.93M, with Computer and information services ($1.35M), Government services, n.i.e. ($674k), and Royalties and license fees ($602k) being the largest in terms of value.

Comparison: In 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). That same year, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ukraine exported $3.48M to Belarus. The main products exported from Ukraine to Belarus were Hot-Rolled Iron ($2.17M), Flat Flat-Rolled Steel ($1.22M), and Cold-Rolled Iron ($44.6k). During the last 5 years the exports of Ukraine to Belarus have decreased at an annualized rate of 69.6%, from $1.34B in 2018 to $3.48M in 2023.

In 2018, Belarus exported $19.8M to Ukraine. The main products exported from Belarus to Ukraine were Float Glass ($14.6M), Motor vehicles; parts and accessories (8701 to 8705) ($1.4M), and Plastic Lids ($898k). During the last 5 years the exports of Belarus to Ukraine have decreased at an annualized rate of 65.6%, from $4.12B in 2023 to $19.8M in 2018.

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

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

Latest Data

Trade between Ukraine (Flag) and Belarus (Flag)

Ukraine Exports

Belarus Exports

Market Competitiveness

Color
Ukraine
Top Destination
Poland$4.83B
Belarus
Top Destination
China$2.6B

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

In 2023, countries that imported more from Ukraine than Belarus included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

In 2023, countries that imported more from Belarus than Ukraine included Kazakhstan ($757M), Brazil ($415M), and Uzbekistan ($509M).

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

Comparative Advantage Ukraine - Belarus

Flow
Scale

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

During 2023, Ukraine had a large net trade with Belarus in the exports of Metals ($3.48M).

During 2018, Belarus had a large net trade with Ukraine in the exports of Stone And Glass ($15M), Transportation ($1.73M), and Machines ($1.09M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Belarus+$4.92kCorn
Top Product Potential Belarus Ukraine+$4.96kRefined 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 Ukraine and Belarus. This means that a dot/product with the flag of Ukraine indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Ukraine.

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

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