2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH
-6.01%CURRENT US$
Rnk 178 / 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
$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH
-32.1%CURRENT US$
Rnk 187 / 195

About

Belarus-Kuwait Trade: In 2023, Belarus exported $735k to Kuwait. The main products that Belarus exported to Kuwait were Potassic Fertilizers ($286k), Coated Textile Fabric ($90.3k), and Aluminium Bars ($59.6k). Over the past 5 years the exports of Belarus to Kuwait have decreased at an annualized rate of 43.3%, from $12.5M in 2018 to $735k in 2023.

In 2014, Belarus exported services to Kuwait worth $2.01M, with Insurance services ($2.01M) and Government services, n.i.e. ($200) being the largest in terms of value.

Kuwait-Belarus Trade: In 2023, Kuwait exported $34k to Belarus. The main products that Kuwait exported to Belarus were N/A. Over the past 5 years the exports of Kuwait to Belarus have decreased at an annualized rate of 53.4%,  from $1.55M in 2018 to $34k in 2023.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $735k to Kuwait. The main products exported from Belarus to Kuwait were Potassic Fertilizers ($286k), Coated Textile Fabric ($90.3k), and Aluminium Bars ($59.6k). During the last 5 years the exports of Belarus to Kuwait have decreased at an annualized rate of 43.3%, from $12.5M in 2018 to $735k in 2023.

In 2016, Kuwait exported $34k to Belarus. There were not main exports from Kuwait to Belarus in 2016. During the last 5 years the exports of Kuwait to Belarus have decreased at an annualized rate of 53.4%, from $1.55M in 2021 to $34k in 2016.

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

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

Latest Data

Trade between Belarus (Flag) and Kuwait (Flag)

Belarus Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Kuwait
Top Destination
China$17.4B

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

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

In 2023, countries that imported more from Kuwait than Belarus included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Comparative Advantage Belarus - Kuwait

Flow
Scale

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

During 2023, Belarus had a large net trade with Kuwait in the exports of Chemical Products ($357k), Textiles ($110k), and Metals ($95.4k).

During 2016, Kuwait had a large net trade with Belarus in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Kuwait+$660kPotassic Fertilizers
Top Product Potential Kuwait Belarus+$4.54kCrude Petroleum

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

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

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