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

About

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 27.8%, 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.

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 4.8%,  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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 27.8%, from $168M in 2017 to $33M in 2022.

In 2017, 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 4.8%, from $184M in 2022 to $102M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Belgium (Flag)

Belarus Exports

Belgium Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Belarus - Belgium

Flow
Scale

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

During 2022, Belarus had a large net trade with Belgium in the exports of Chemical Products ($9.44M), Wood Products ($8.21M), and Miscellaneous ($3.58M).

During 2017, 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).

Potential Exports

Potential Exports

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

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

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

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