Observatory of Economic Complexity

Flag Belarus

Econ Complexity (2018): 0.84, Rank 35 of 137

Product Exports (2018): $33.2B, Rank 65 of 222

Exports Per Capita (2018): $3.5k, Rank 145 of 219

Product Imports (2018): $35.8B, Rank 62 of 221

Imports Per Capita (2018): $3.78k, Rank 142 of 219

Service Exports (2016): $5.48B, Rank 70 of 152

Service Imports (2016): $3.89B, Rank 76 of 152

GDP (2018): $59.7B, CURRENT US$
Rank 78 of 196

GDP growth (2008 - 2018): -1.81%, CURRENT US$
Rank 170 of 196

GDP PC (2018): $6,290, CURRENT US$
Rank 99 of 196

GDP PC GROWTH (2008 - 2018): -1.37%, CURRENT US$
Rank 151 of 196

About

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Overview: In 2018 Belarus was the number 78 economy in the world in terms of GDP (current US$), the number 65 in total exports, the number 62 in total imports, the number 99 economy in terms of GDP per capita (current US$) and the number 35 most complex economy according to the Economic Complexity Index (ECI)

Exports: The top exports of Belarus are Refined Petroleum ($6.54B), Potassic Fertilizers ($2.75B), Delivery Trucks ($1.53B), Crude Petroleum ($812M), and Cheese ($811M), exporting mostly to Russia ($12.6B), Ukraine ($4.11B), United Kingdom ($3.07B), Germany ($1.46B), and Netherlands ($1.43B).

Imports: The top imports of Belarus are Crude Petroleum ($6.77B), Petroleum Gas ($2.74B), Refined Petroleum ($1.37B), Cars ($745M), and Packaged Medicaments ($450M), importing mostly from Russia ($21.6B), China ($2.03B), Germany ($1.72B), Poland ($1.64B), and Ukraine ($1.33B).

Location: Belarus borders Latvia, Lithuania, Poland, Russia, and Ukraine by land.

Product Trade

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Yearly Exports

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Value
Depth

Top Export (2018): Refined Petroleum, $6.54B

Top Destination (2018): Russia, $12.6B

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.

The most recent exports are led by Refined Petroleum ($6.54B), Potassic Fertilizers ($2.75B), Delivery Trucks ($1.53B), Crude Petroleum ($812M), and Cheese ($811M). The most common destination for the exports of Belarus are Russia ($12.6B), Ukraine ($4.11B), United Kingdom ($3.07B), Germany ($1.46B), and Netherlands ($1.43B).

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Yearly Imports

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Value
Depth

Top Import (2018): Crude Petroleum, $6.77B

Top Origin (2018): Russia, $21.6B

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.

The most recent imports of Belarus are led by Crude Petroleum ($6.77B), Petroleum Gas ($2.74B), Refined Petroleum ($1.37B), Cars ($745M), and Packaged Medicaments ($450M). The most common import partners for Belarus are Russia ($21.6B), China ($2.03B), Germany ($1.72B), Poland ($1.64B), and Ukraine ($1.33B).

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Monthly Trade

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Market Growth

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Service Trade

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Service Trade

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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).

Forecasts

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Trade Forecasts

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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.

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Tariffs

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Tariffs by Product

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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.

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*The tariffs applied to imports for Belarus are:
94: Belarus Generalized System of Preference
95: Belarus GSP for Least Developed Countries
118: Customs Union Agreement between Belarus, Kazakhstan and Russia
136: Most Favoured Nation duty rate treatement
190: Preferential tariff for Commonwealth of Independent States (CIS) countries
333: Preferential tariff for Vietnam

Economic Complexity

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Economic Complexity Ranking

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Scale

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.

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Most Specialized Products by RCA Index

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Belarus has a high level of specialization in Potassic Fertilizers (96.8), Asphalt Mixtures (84.3), Other Paints (70.2), Wallpaper (19), and Fermented Milk Products (18.8). Specialization is measured using RCA, an index that takes the ratio between Belarus observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Belarus according to the product complexity index (PCI) are Polyamides in primary forms (1.71), Self-propelled rail/tramway vehicles (not locomotives) (1.52), Machine tools except lathes to drill, bore/mill/thread (1.31), Wire of alloy steel except stainless steel (1.26), and Hand saws and blades for saws of all kinds (1.24). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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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.

Product Space

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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.

Diversification Frontier

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Filter
Depth

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.

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