Belarus2019 Economic Complexity : 0.89, Rank 34 of 146
2019 Product Exports | Imports: $31.8B | $35.9B, 65 of 225 | 62 of 225
2019 Per Capita Product Exports | Imports: $3.36k | $3.79k, 45 of 219 | 33 of 219
2016 Service Exports | Imports : $5.48B | $3.89B, 70 of 152 | 76 of 152
Overview: In 2019 Belarus was the number 76 economy in the world in terms of GDP (current US$), the number 65 in total exports, the number 62 in total imports, the number 91 economy in terms of GDP per capita (current US$) and the number 34 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Belarus are Refined Petroleum ($5.24B), Potassic Fertilizers ($2.78B), Cheese ($996M), Delivery Trucks ($958M), and Crude Petroleum ($727M), exporting mostly to Russia ($13.4B), Ukraine ($4.14B), United Kingdom ($2.3B), Germany ($1.32B), and Poland ($1.31B).
Imports: The top imports of Belarus are Crude Petroleum ($6.52B), Petroleum Gas ($2.53B), Cars ($1.01B), Packaged Medicaments ($545M), and Vehicle Parts ($520M), importing mostly from Russia ($20.5B), China ($2.59B), Poland ($1.81B), Germany ($1.7B), and Ukraine ($1.63B).
Location: Belarus borders Latvia, Lithuania, Poland, Russia, and Ukraine by land.
Top Export (2019): Refined Petroleum, $5.24B
Top Destination (2019): Russia, $13.4B
In 2019, Belarus exported a total of $31.8B, making it the number 65 exporter in the world. During the last five reported years the exports of Belarus have changed by -$4.4B from $36.2B in 2014 to $31.8B in 2019.
The most recent exports are led by Refined Petroleum ($5.24B), Potassic Fertilizers ($2.78B), Cheese ($996M), Delivery Trucks ($958M), and Crude Petroleum ($727M). The most common destination for the exports of Belarus are Russia ($13.4B), Ukraine ($4.14B), United Kingdom ($2.3B), Germany ($1.32B), and Poland ($1.31B).
Top Import (2019): Crude Petroleum, $6.52B
Top Origin (2019): Russia, $20.5B
In 2019 Belarus imported $35.9B, making it the number 62 trade destination in the world. During the last five reported years the imports of Belarus changed by -$19.3M from $35.9B in 2014 to $35.9B in 2019.
The most recent imports of Belarus are led by Crude Petroleum ($6.52B), Petroleum Gas ($2.53B), Cars ($1.01B), Packaged Medicaments ($545M), and Vehicle Parts ($520M). The most common import partners for Belarus are Russia ($20.5B), China ($2.59B), Poland ($1.81B), Germany ($1.7B), and Ukraine ($1.63B).
Belarus Exports Services (2016): $5.48B
Belarus Imports Services (2016): $3.89B
In 2016, Belarus exported $5.48B worth of services. The top services exported by Belarus in 2016 were Other transport ($2.29B), Personal travel ($643M), Construction abroad ($542M), Miscellaneous business, professional, and technical services ($497M), and Construction in the compiling economy ($489M).
The top services imported by Belarus in 2016 were Other transport ($834M), Construction in the compiling economy ($751M), Personal travel ($622M), Miscellaneous business, professional, and technical services ($556M), and Sea transport ($311M).
The top product import tariffs by their MFN Ad Valorem value for Belarus are Ethyl alcohol and other spirits, denatured (100%) and Undenatured ethyl alcohol > 80% by volume (100%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Belarus are:
Belarus has a high level of specialization in Potassic Fertilizers (97.8), Fermented Milk Products (22.8), Butter (22), Wallpaper (21.2), and Synthetic Filament Tow (19.3). Specialization is measured using RCA, an index that takes the ratio between Belarus observed and expected exports in each product.
The highest complexity exports of Belarus according to the product complexity index (PCI) are Self-propelled rail/tramway vehicles (not locomotives) (1.69), Liquid crystal devices, lasers, optical appliances nes (1.66), Polyamides in primary forms (1.56), Hand saws and blades for saws of all kinds (1.53), and Wire of alloy steel except stainless steel (1.36). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Belarus according to the relatedness index, are Linseed (0.28), Processed Cereals (0.28), Margarine (0.28), Bovine (0.28), and Bran (0.28). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Belarus is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
During the last 20 years Belarus's economy has become relatively less complex, moving from the 24th to the 34th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
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