2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 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
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186

About

Belarus-Finland Trade: In 2022, Belarus exported $25.7M to Finland. The main products that Belarus exported to Finland were Other Vegetable Residues ($7.03M), Rapeseed Oil ($5.44M), and Iron Cloth ($3.17M). Over the past 5 years the exports of Belarus to Finland have increased at an annualized rate of 2.75%, from $22.4M in 2017 to $25.7M in 2022.

In 2014, Belarus exported services to Finland worth $11M, with Computer and information services ($10.7M), Government services, n.i.e. ($250k), and Insurance services ($72.6k) being the largest in terms of value.

Finland-Belarus Trade: In 2022, Finland exported $45.8M to Belarus. The main products that Finland exported to Belarus were Other Agricultural Machinery ($7.59M), Other Heating Machinery ($4.69M), and Synthetic Rubber ($4.18M). Over the past 5 years the exports of Finland to Belarus have decreased at an annualized rate of 10.9%,  from $81.8M in 2017 to $45.8M in 2022.

In 2022, Finland did not export any services to Belarus.

Comparison: In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $25.7M to Finland. The main products exported from Belarus to Finland were Other Vegetable Residues ($7.03M), Rapeseed Oil ($5.44M), and Iron Cloth ($3.17M). During the last 5 years the exports of Belarus to Finland have increased at an annualized rate of 2.75%, from $22.4M in 2017 to $25.7M in 2022.

In 2017, Finland exported $45.8M to Belarus. The main products exported from Finland to Belarus were Other Agricultural Machinery ($7.59M), Other Heating Machinery ($4.69M), and Synthetic Rubber ($4.18M). During the last 5 years the exports of Finland to Belarus have decreased at an annualized rate of 10.9%, from $81.8M in 2022 to $45.8M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Finland (Flag)

Belarus Exports

Finland Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Finland
Top Destination
Germany$9.99B

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

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

In 2022, countries that imported more from Finland than Belarus included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Belarus - Finland

Flow
Scale

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

During 2022, Belarus had a large net trade with Finland in the exports of Foodstuffs ($9.55M), Metals ($6.23M), and Animal and Vegetable Bi-Products ($5.44M).

During 2017, Finland had a large net trade with Belarus in the exports of Machines ($18.5M), Plastics and Rubbers ($7.47M), and Animal Products ($3.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Finland+$990kRaw Iron Bars
Top Product Potential Finland Belarus+$1.83MKaolin Coated Paper

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

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

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