2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 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
$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195

About

Belarus-Romania Trade: In 2023, Belarus exported $22M to Romania. The main products that Belarus exported to Romania were Raw Lead ($7.17M), Other Furniture ($3.07M), and Acyclic Hydrocarbons ($2.66M). Over the past 5 years the exports of Belarus to Romania have decreased at an annualized rate of 23.6%, from $84.7M in 2018 to $22M in 2023.

In 2014, Belarus exported services to Romania worth $223k, with Insurance services ($97.9k), Government services, n.i.e. ($89.1k), and Computer and information services ($28.9k) being the largest in terms of value.

Romania-Belarus Trade: In 2023, Romania exported $24.3M to Belarus. The main products that Romania exported to Belarus were Packaged Medicaments ($8.64M), Other Iron Bars ($2.09M), and Plastic Lids ($2.07M). Over the past 5 years the exports of Romania to Belarus have decreased at an annualized rate of 13.3%,  from $49.6M in 2018 to $24.3M in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $22M to Romania. The main products exported from Belarus to Romania were Raw Lead ($7.17M), Other Furniture ($3.07M), and Acyclic Hydrocarbons ($2.66M). During the last 5 years the exports of Belarus to Romania have decreased at an annualized rate of 23.6%, from $84.7M in 2018 to $22M in 2023.

In 2018, Romania exported $24.3M to Belarus. The main products exported from Romania to Belarus were Packaged Medicaments ($8.64M), Other Iron Bars ($2.09M), and Plastic Lids ($2.07M). During the last 5 years the exports of Romania to Belarus have decreased at an annualized rate of 13.3%, from $49.6M in 2023 to $24.3M in 2018.

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

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

Latest Data

Trade between Belarus (Flag) and Romania (Flag)

Belarus Exports

Romania Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Romania
Top Destination
Germany$19.9B

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

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

In 2023, countries that imported more from Romania than Belarus included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Belarus - Romania

Flow
Scale

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

During 2023, Belarus had a large net trade with Romania in the exports of Metals ($7.36M), Miscellaneous ($3.54M), and Chemical Products ($3.31M).

During 2018, Romania had a large net trade with Belarus in the exports of Chemical Products ($11.6M), Machines ($4.01M), and Metals ($2.95M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Romania+$4.37MInsulated Wire
Top Product Potential Romania Belarus+$4.08MPackaged Medicaments

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

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

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