2022
Flag  
GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC 
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Belgium-Belarus Trade: In 2022, Belgium exported $102M to Belarus. The main products that Belgium exported to Belarus were Packaged Medicaments ($10.4M), Cars ($7.77M), and Animal Food ($6.35M). Over the past 5 years the exports of Belgium to Belarus have decreased at an annualized rate of 11.1%, from $184M in 2017 to $102M in 2022.

In 2004, Belgium exported services to Belarus worth $1.36M, with Services not allocated ($1.36M) being the largest in terms of value.

Belarus-Belgium Trade: In 2022, Belarus exported $33M to Belgium. The main products that Belarus exported to Belgium were Potassic Fertilizers ($7.97M), Diamonds ($2.66M), and Sawn Wood ($2.32M). Over the past 5 years the exports of Belarus to Belgium have decreased at an annualized rate of 16.5%,  from $168M in 2017 to $33M in 2022.

In 2014, Belarus exported services to Belgium worth $3.62M, with Royalties and license fees ($2.01M), Computer and information services ($1.33M), and Government services, n.i.e. ($256k) being the largest in terms of value.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $102M to Belarus. The main products exported from Belgium to Belarus were Packaged Medicaments ($10.4M), Cars ($7.77M), and Animal Food ($6.35M). During the last 5 years the exports of Belgium to Belarus have decreased at an annualized rate of 11.1%, from $184M in 2017 to $102M in 2022.

In 2017, Belarus exported $33M to Belgium. The main products exported from Belarus to Belgium were Potassic Fertilizers ($7.97M), Diamonds ($2.66M), and Sawn Wood ($2.32M). During the last 5 years the exports of Belarus to Belgium have decreased at an annualized rate of 16.5%, from $168M in 2022 to $33M in 2017.

Exports from Belgium (Flag) to Belarus (Flag) (2022)

Exports from Belarus (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top Destination
Germany$91.9B
Belarus
Top Destination
China$1.6B

This map shows whether countries import more from Belgium or Belarus. Each country is colored based on the difference in imports they receive from Belgium and Belarus or the difference in the growth in imports.

In 2022, countries that imported more from Belgium than Belarus included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Belarus than Belgium included Ukraine ($1.29B), Kazakhstan ($827M), and Uzbekistan ($386M).

Difference in imports from Belarus (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Belarus

Flow
Scale

This chart compares trade between Belgium and Belarus by product, considering products traded by both, Belgium and Belarus.

During 2022, Belgium had a large net trade with Belarus in the exports of Chemical Products ($42.5M), Plastics and Rubbers ($20.7M), and Transportation ($11.8M).

During 2017, Belarus had a large net trade with Belgium in the exports of Chemical Products ($9.44M), Wood Products ($8.21M), and Miscellaneous ($3.58M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Belarus+$14.6MCars
Top Product Potential Belarus Belgium+$6.82MPotassic Fertilizers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Belarus. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Belarus (Flag) (2022)

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