2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$7,829CURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC
$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

Belarus-Austria Trade: In 2023, Belarus exported $7.03M to Austria. The main products that Belarus exported to Austria were Traffic Signals ($2.48M), Raw Plastic Sheeting ($534k), and Plastic Pipes ($390k). Over the past 5 years the exports of Belarus to Austria have decreased at an annualized rate of 27.2%, from $34.4M in 2018 to $7.03M in 2023.

In 2014, Belarus exported services to Austria worth $2.35M, with Computer and information services ($1.41M), Insurance services ($512k), and Government services, n.i.e. ($431k) being the largest in terms of value.

Austria-Belarus Trade: In 2023, Austria exported $113M to Belarus. The main products that Austria exported to Belarus were Metal Mountings ($13.5M), Dairy Machinery ($10.5M), and Packaged Medicaments ($10M). Over the past 5 years the exports of Austria to Belarus have decreased at an annualized rate of 6.05%,  from $154M in 2018 to $113M in 2023.

In 2011, Austria exported services to Belarus worth $76.6M, with Communications services ($50.1M), Personal, cultural, and recreational services ($12.5M), and Computer and information services ($5.57M) being the largest in terms of value.

Comparison: In 2023,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $7.03M to Austria. The main products exported from Belarus to Austria were Traffic Signals ($2.48M), Raw Plastic Sheeting ($534k), and Plastic Pipes ($390k). During the last 5 years the exports of Belarus to Austria have decreased at an annualized rate of 27.2%, from $34.4M in 2018 to $7.03M in 2023.

In 2018, Austria exported $113M to Belarus. The main products exported from Austria to Belarus were Metal Mountings ($13.5M), Dairy Machinery ($10.5M), and Packaged Medicaments ($10M). During the last 5 years the exports of Austria to Belarus have decreased at an annualized rate of 6.05%, from $154M in 2023 to $113M in 2018.

Exports from Belarus (Flag) to Austria (Flag) (2023)

Exports from Austria (Flag) to Belarus (Flag) (2023)

Latest Data

Trade between Belarus (Flag) and Austria (Flag)

Belarus Exports

Austria Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Austria
Top Destination
Germany$51B

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

In 2023, countries that imported more from Belarus than Austria included Kazakhstan ($757M), Uzbekistan ($509M), and Azerbaijan ($325M).

In 2023, countries that imported more from Austria than Belarus included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

Difference in imports from Austria (Flag) and Belarus (Flag) (2023)

Comparative Advantage Belarus - Austria

Flow
Scale

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

During 2023, Belarus had a large net trade with Austria in the exports of Machines ($2.73M), Plastics and Rubbers ($1.03M), and Vegetable Products ($673k).

During 2018, Austria had a large net trade with Belarus in the exports of Chemical Products ($26.7M), Machines ($25.1M), and Metals ($17.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Austria+$4.3MInsulated Wire
Top Product Potential Austria Belarus+$8.63MPackaged Medicaments

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 Belarus and Austria. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Belarus.

Product Space of Belarus (Flag) and Austria (Flag) (2023)

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