2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC 
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186
2022
Flag
GDP PC
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186

About

Belarus-Austria Trade: In 2022, Belarus exported $22M to Austria. The main products that Belarus exported to Austria were Insulated Wire ($8.4M), Iron Wire ($5.66M), and Tall Oil ($1.39M). Over the past 5 years the exports of Belarus to Austria have decreased at an annualized rate of 1.58%, from $23.8M in 2017 to $22M in 2022.

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 2022, Austria exported $100M to Belarus. The main products that Austria exported to Belarus were Metal Mountings ($11.1M), Packaged Medicaments ($9.51M), and Vaccines, blood, antisera, toxins and cultures ($6.89M). Over the past 5 years the exports of Austria to Belarus have decreased at an annualized rate of 6.69%,  from $174M in 2017 to $100M in 2022.

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 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $22M to Austria. The main products exported from Belarus to Austria were Insulated Wire ($8.4M), Iron Wire ($5.66M), and Tall Oil ($1.39M). During the last 5 years the exports of Belarus to Austria have decreased at an annualized rate of 1.58%, from $23.8M in 2017 to $22M in 2022.

In 2017, Austria exported $100M to Belarus. The main products exported from Austria to Belarus were Metal Mountings ($11.1M), Packaged Medicaments ($9.51M), and Vaccines, blood, antisera, toxins and cultures ($6.89M). During the last 5 years the exports of Austria to Belarus have decreased at an annualized rate of 6.69%, from $174M in 2022 to $100M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Austria (Flag)

Belarus Exports

Austria Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Austria
Top Destination
Germany$57.7B

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 2022, countries that imported more from Belarus than Austria included Ukraine ($1.29B), Kazakhstan ($827M), and Lithuania ($778M).

In 2022, countries that imported more from Austria than Belarus included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

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 2022, Belarus had a large net trade with Austria in the exports of Machines ($9.01M), Metals ($8.05M), and Chemical Products ($1.48M).

During 2017, Austria had a large net trade with Belarus in the exports of Chemical Products ($22.8M), Machines ($21.5M), and Metals ($17.3M).

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) (2022)

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