Overview: In 2018 Belarus was the number 78 economy in the world in terms of GDP (current US$), the number 65 in total exports, the number 62 in total imports, and the number 35 most complex economy according to the Economic Complexity Index (ECI). In 2018, Belarus exported $33.2B and imported $35.8B, resulting in a negative trade balance of -$2.63B. In 2018, Belarus's exports per capita were $3.5k and its imports per capita were $3.78k.
In 2018 Belarus exported a total of $33.2B, making it the number 65 exporter in the world. During the last five reported years the exports of Belarus have changed by -$3.23B from $36.4B in 2013 to $33.2B in 2018.
In 2018 Belarus imported $35.8B, making it the number 62 trade destination in the world. During the last five reported years the imports of Belarus changed by -$5.12B from $41B in 2013 to $35.8B in 2018.
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).
This section shows forecasts for total product exports and imports for Belarus. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Belarus are:94: Belarus Generalized System of Preference95: Belarus GSP for Least Developed Countries118: Customs Union Agreement between Belarus, Kazakhstan and Russia136: Most Favoured Nation duty rate treatement190: Preferential tariff for Commonwealth of Independent States (CIS) countries333: Preferential tariff for Vietnam
During the last 20 years Belarus's economy has become relatively less complex, moving from the 28th to the 35th 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.
The top export opportunities for Belarus according to the relatedness index, are Rough Wood (0.26), Yeast (0.26), Margarine (0.26), Veneer Sheets (0.25), and Bovine (0.25). 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.
Belarus
