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) .
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.
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 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.
This network shows the products most related to the production structure of Belarus. These are products that tend to be co-exported with the products that Belarus exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
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.