Belarus2021 Economic Complexity Trade : 0.84, Rank 33 of 131
2021 Economic Complexity Technology : -0.62, Rank 65 of 96
2021 Economic Complexity Research : -1, Rank 119 of 140
2021 Product Exports | Imports: $34.6B | $37.6B, 65 of 226 | 62 of 226
2021 Per Capita Product Exports | Imports: $3.71k | $4.02k, 49 of 219 | 31 of 219
Overview In 2021, Belarus was the number 72 economy in the world in terms of GDP (current US$), the number 65 in total exports, the number 62 in total imports, the number 83 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 Potassic Fertilizers ($2.63B), Refined Petroleum ($2.61B), Cheese ($1.19B), Delivery Trucks ($944M), and Sawn Wood ($804M), exporting mostly to Russia ($15.8B), Ukraine ($4.74B), Poland ($2B), Lithuania ($1.76B), and China ($989M).
Imports The top imports of Belarus are Crude Petroleum ($6.97B), Cars ($1.23B), Motor vehicles; parts and accessories (8701 to 8705) ($635M), Packaged Medicaments ($568M), and Scrap Iron ($415M), importing mostly from Russia ($20.5B), China ($3.54B), Poland ($1.86B), Germany ($1.77B), and Ukraine ($1.47B).
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.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2021): Potassic Fertilizers, $2.63B
Top Destination (2021): Russia, $15.8B
In 2021, Belarus exported a total of $34.6B, making it the number 65 exporter in the world. During the last five reported years the exports of Belarus have changed by $11.6B from $23.1B in 2016 to $34.6B in 2021.
The most recent exports are led by Potassic Fertilizers ($2.63B), Refined Petroleum ($2.61B), Cheese ($1.19B), Delivery Trucks ($944M), and Sawn Wood ($804M). The most common destination for the exports of Belarus are Russia ($15.8B), Ukraine ($4.74B), Poland ($2B), Lithuania ($1.76B), and China ($989M).
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).
Belarus has a high level of specialization in Potassic Fertilizers (83.4), Railway Passenger Cars (42.5), Flax Fibers (29.4), Self-Propelled Rail Transport (22.7), and Flax Woven Fabric (22.6). 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 X-ray, alpha, beta, gamma radiation apparatus; x-ray tubes, x-ray generators, high tension generators, control panels and desks, screens, examination or treatment tables, chairs and the like (1.68), Tools, hand; saws and blades for saws of all kinds (including slitting, slotting or toothless blades) (1.68), Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel (1.66), Lathes for removing metal (1.66), and Liquid crystal devices not constituting articles provided for more specifically in other headings; lasers, not laser diodes; other optical appliances and instruments n.e.c. in this chapter (1.56). 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, were Bovine (0.32), Rough Wood (0.32), Confectionery Sugar (0.32), Large Iron Containers (0.32), and Soups and Broths (0.32). 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 23rd 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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