2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 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
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Belarus-South Korea Trade: In 2022, Belarus exported $14.3M to South Korea. The main products that Belarus exported to South Korea were N/A. Over the past 5 years the exports of Belarus to South Korea have decreased at an annualized rate of 20.1%, from $43.8M in 2017 to $14.3M in 2022.

In 2014, Belarus exported services to South Korea worth $3.43M, with Computer and information services ($3.31M), Government services, n.i.e. ($97.2k), and Insurance services ($12k) being the largest in terms of value.

South Korea-Belarus Trade: In 2022, South Korea exported $37.5M to Belarus. The main products that South Korea exported to Belarus were N/A. Over the past 5 years the exports of South Korea to Belarus have decreased at an annualized rate of 20.4%,  from $118M in 2017 to $37.5M in 2022.

In 2022, South Korea did not export any services to Belarus.

Comparison: In 2023,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $14.3M to South Korea. There were not main exports from Belarus to South Korea in 2022. During the last 5 years the exports of Belarus to South Korea have decreased at an annualized rate of 20.1%, from $43.8M in 2017 to $14.3M in 2022.

In 2017, South Korea exported $37.5M to Belarus. There were not main exports from South Korea to Belarus in 2017. During the last 5 years the exports of South Korea to Belarus have decreased at an annualized rate of 20.4%, from $118M in 2022 to $37.5M in 2017.

Exports from Belarus (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Belarus (Flag) (2022)

Latest Data

Trade between Belarus (Flag) and South Korea (Flag)

Belarus Exports

South Korea Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Belarus than South Korea included Lithuania ($302M), Latvia ($187M), and Moldova ($87.6M).

In 2023, countries that imported more from South Korea than Belarus included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Belarus (Flag) (2023)

Comparative Advantage Belarus - South Korea

Flow
Scale

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

During 2022, Belarus had a large net trade with South Korea in the exports of .

During 2017, South Korea had a large net trade with Belarus in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus South Korea+$3.74MIntegrated Circuits
Top Product Potential South Korea Belarus+$9.67MCars

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

Product Space of Belarus (Flag) and South Korea (Flag) (2022)

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