2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH
27.5%CURRENT US$
Rnk 119 / 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
$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH
26.1%CURRENT US$
Rnk 84 / 195

About

Belarus-Portugal Trade: In 2023, Belarus exported $896k to Portugal. The main products that Belarus exported to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($430k), Glass Fibers ($148k), and Molasses ($85.4k). Over the past 5 years the exports of Belarus to Portugal have decreased at an annualized rate of 28.3%, from $4.73M in 2018 to $896k in 2023.

In 2014, Belarus exported services to Portugal worth $3.23M, with Computer and information services ($3.23M), Royalties and license fees ($1.3k), and Government services, n.i.e. ($400) being the largest in terms of value.

Portugal-Belarus Trade: In 2023, Portugal exported $15.6M to Belarus. The main products that Portugal exported to Belarus were Agglomerated Cork ($12.9M), Wine ($1.43M), and Natural Cork Articles ($411k). Over the past 5 years the exports of Portugal to Belarus have decreased at an annualized rate of 18.6%,  from $43.7M in 2018 to $15.6M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $896k to Portugal. The main products exported from Belarus to Portugal were Motor vehicles; parts and accessories (8701 to 8705) ($430k), Glass Fibers ($148k), and Molasses ($85.4k). During the last 5 years the exports of Belarus to Portugal have decreased at an annualized rate of 28.3%, from $4.73M in 2018 to $896k in 2023.

In 2018, Portugal exported $15.6M to Belarus. The main products exported from Portugal to Belarus were Agglomerated Cork ($12.9M), Wine ($1.43M), and Natural Cork Articles ($411k). During the last 5 years the exports of Portugal to Belarus have decreased at an annualized rate of 18.6%, from $43.7M in 2023 to $15.6M in 2018.

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

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

Latest Data

Trade between Belarus (Flag) and Portugal (Flag)

Belarus Exports

Portugal Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Portugal
Top Destination
Spain$17.7B

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

In 2023, countries that imported more from Belarus than Portugal included China ($2.6B), Kazakhstan ($757M), and Uzbekistan ($509M).

In 2023, countries that imported more from Portugal than Belarus included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Belarus - Portugal

Flow
Scale

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

During 2023, Belarus had a large net trade with Portugal in the exports of Transportation ($434k), Stone And Glass ($149k), and Foodstuffs ($86.7k).

During 2018, Portugal had a large net trade with Belarus in the exports of Wood Products ($13.4M), Foodstuffs ($1.61M), and Textiles ($230k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Portugal+$392kIron Wire
Top Product Potential Portugal Belarus+$634kWine

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

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

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