Belarus2020 Economic Complexity : 0.77, Rank 33 of 127
2020 Product Exports | Imports: $28.1B | $32.1B, 64 of 226 | 60 of 226
2020 Per Capita Product Exports | Imports: $3k | $3.42k, 40 of 219 | 32 of 219
2016 Service Exports | Imports : $5.48B | $3.89B, 71 of 156 | 77 of 156
Overview In 2020 Belarus was the number 78 economy in the world in terms of GDP (current US$), the number 64 in total exports, the number 60 in total imports, the number 92 economy in terms of GDP per capita (current US$) and the number 33 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Belarus are Refined Petroleum ($2.78B), Potassic Fertilizers ($2.44B), Cheese ($1.06B), Delivery Trucks ($637M), and Tractors ($597M), exporting mostly to Russia ($12.8B), Ukraine ($3.15B), Poland ($1.26B), Lithuania ($1.05B), and Germany ($934M).
Imports The top imports of Belarus are Crude Petroleum ($3.87B), Petroleum Gas ($2.31B), Gold ($1.16B), Cars ($746M), and Packaged Medicaments ($558M), importing mostly from Russia ($15.8B), China ($3.07B), Poland ($1.71B), Germany ($1.6B), and Ukraine ($1.34B).
Location Belarus borders Latvia, Lithuania, Poland, Russia, and Ukraine by land.
The following section uses the most recent trade data from partners of Belarus.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Refined Petroleum, $2.78B
Top Destination (2020): Russia, $12.8B
In 2020, Belarus exported a total of $28.1B, making it the number 64 exporter in the world. During the last five reported years the exports of Belarus have changed by $1.94B from $26.2B in 2015 to $28.1B in 2020.
The most recent exports are led by Refined Petroleum ($2.78B), Potassic Fertilizers ($2.44B), Cheese ($1.06B), Delivery Trucks ($637M), and Tractors ($597M). The most common destination for the exports of Belarus are Russia ($12.8B), Ukraine ($3.15B), Poland ($1.26B), Lithuania ($1.05B), and Germany ($934M).
Top Import (2020): Crude Petroleum, $3.87B
Top Origin (2020): Russia, $15.8B
In 2020 Belarus imported $32.1B, making it the number 60 trade destination in the world. During the last five reported years the imports of Belarus changed by $4.65B from $27.4B in 2015 to $32.1B in 2020.
The most recent imports of Belarus are led by Crude Petroleum ($3.87B), Petroleum Gas ($2.31B), Gold ($1.16B), Cars ($746M), and Packaged Medicaments ($558M). The most common import partners for Belarus are Russia ($15.8B), China ($3.07B), Poland ($1.71B), Germany ($1.6B), and Ukraine ($1.34B).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
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 (2.4M%)and Undenatured ethyl alcohol > 80% by volume (1.34M%).
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 (96.5), Railway Passenger Cars (50.5), Flax Fibers (26.4), Fermented Milk Products (23.7), and Butter (22.5). 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) (1.78), Sharpening, honing, lapping, grinding machine tools (1.63), Polyamides in primary forms (1.58), Hand saws and blades for saws of all kinds (1.52), and Fabric impregnated, coated or covered with plastic (1.39). 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 Rough Wood (0.31), Bovine (0.31), Confectionery Sugar (0.31), Beer (0.31), and Baked Goods (0.31). 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 a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
During the last 20 years Belarus's economy has become relatively less complex, moving from the 24th to the 33rd 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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