2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 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
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186

About

Belarus-Slovakia Trade: In 2022, Belarus exported $24.9M to Slovakia. The main products that Belarus exported to Slovakia were Stranded Iron Wire ($5.99M), Insulated Wire ($3.27M), and Rock Wool ($1.16M). Over the past 5 years the exports of Belarus to Slovakia have decreased at an annualized rate of 15.7%, from $58.3M in 2017 to $24.9M in 2022.

In 2014, Belarus exported services to Slovakia worth $1.41M, with Computer and information services ($1.1M), Government services, n.i.e. ($283k), and Insurance services ($21.9k) being the largest in terms of value.

Slovakia-Belarus Trade: In 2022, Slovakia exported $45.1M to Belarus. The main products that Slovakia exported to Belarus were Vacuum Cleaners ($5.36M), Other Edible Preparations ($3.65M), and Corn ($3.35M). Over the past 5 years the exports of Slovakia to Belarus have decreased at an annualized rate of 16.3%,  from $110M in 2017 to $45.1M in 2022.

In 2012, Slovakia exported services to Belarus worth $3.78M, with Services not allocated ($1.93M), Other business services ($1.6M), and Transportation ($178k) being the largest in terms of value.

Comparison: In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $24.9M to Slovakia. The main products exported from Belarus to Slovakia were Stranded Iron Wire ($5.99M), Insulated Wire ($3.27M), and Rock Wool ($1.16M). During the last 5 years the exports of Belarus to Slovakia have decreased at an annualized rate of 15.7%, from $58.3M in 2017 to $24.9M in 2022.

In 2017, Slovakia exported $45.1M to Belarus. The main products exported from Slovakia to Belarus were Vacuum Cleaners ($5.36M), Other Edible Preparations ($3.65M), and Corn ($3.35M). During the last 5 years the exports of Slovakia to Belarus have decreased at an annualized rate of 16.3%, from $110M in 2022 to $45.1M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Slovakia (Flag)

Belarus Exports

Slovakia Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Slovakia
Top Destination
Germany$22.2B

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

In 2022, countries that imported more from Belarus than Slovakia included Kazakhstan ($827M), Lithuania ($778M), and Uzbekistan ($386M).

In 2022, countries that imported more from Slovakia than Belarus included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

Comparative Advantage Belarus - Slovakia

Flow
Scale

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

During 2022, Belarus had a large net trade with Slovakia in the exports of Metals ($8.16M), Machines ($3.5M), and Stone And Glass ($2.69M).

During 2017, Slovakia had a large net trade with Belarus in the exports of Machines ($17.8M), Metals ($5.75M), and Plastics and Rubbers ($4.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Slovakia+$2.82MInsulated Wire
Top Product Potential Slovakia Belarus+$4.83MCars

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

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

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