2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 88 / 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
$32,610CURRENT US$
Rnk 43 / 196
2013-2023
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 61 / 195

About

Belarus-Slovenia Trade: In 2023, Belarus exported $13.7M to Slovenia. The main products that Belarus exported to Slovenia were Raw Lead ($3.2M), Waxes ($2.76M), and Insulated Wire ($1.55M). Over the past 5 years the exports of Belarus to Slovenia have decreased at an annualized rate of 1.49%, from $14.8M in 2018 to $13.7M in 2023.

In 2014, Belarus exported services to Slovenia worth $703k, with Insurance services ($566k), Computer and information services ($134k), and Government services, n.i.e. ($2.6k) being the largest in terms of value.

Slovenia-Belarus Trade: In 2023, Slovenia exported $107M to Belarus. The main products that Slovenia exported to Belarus were Packaged Medicaments ($57.2M), High-voltage Protection Equipment ($12.2M), and Gravel and Crushed Stone ($6.63M). Over the past 5 years the exports of Slovenia to Belarus have increased at an annualized rate of 2.24%,  from $95.7M in 2018 to $107M in 2023.

In 2000, Slovenia exported services to Belarus worth $933k, with Other business services ($375k), Computer and information services ($254k), and Travel ($136k) being the largest in terms of value.

Comparison: In 2023,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). That same year, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $13.7M to Slovenia. The main products exported from Belarus to Slovenia were Raw Lead ($3.2M), Waxes ($2.76M), and Insulated Wire ($1.55M). During the last 5 years the exports of Belarus to Slovenia have decreased at an annualized rate of 1.49%, from $14.8M in 2018 to $13.7M in 2023.

In 2018, Slovenia exported $107M to Belarus. The main products exported from Slovenia to Belarus were Packaged Medicaments ($57.2M), High-voltage Protection Equipment ($12.2M), and Gravel and Crushed Stone ($6.63M). During the last 5 years the exports of Slovenia to Belarus have increased at an annualized rate of 2.24%, from $95.7M in 2023 to $107M in 2018.

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

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

Latest Data

Trade between Belarus (Flag) and Slovenia (Flag)

Belarus Exports

Slovenia Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Slovenia
Top Destination
Switzerland$13.5B

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

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

In 2023, countries that imported more from Slovenia than Belarus included Switzerland ($13.5B), Germany ($7.21B), and Italy ($6.23B).

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

Comparative Advantage Belarus - Slovenia

Flow
Scale

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

During 2023, Belarus had a large net trade with Slovenia in the exports of Chemical Products ($3.96M), Metals ($3.3M), and Machines ($2.85M).

During 2018, Slovenia had a large net trade with Belarus in the exports of Chemical Products ($71.4M), Machines ($14.5M), and Mineral Products ($6.84M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Slovenia+$1.08MInsulated Wire
Top Product Potential Slovenia Belarus+$5.74MPackaged 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 Slovenia. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Slovenia. Similarly, a dot/product with the flag of Slovenia indicates it has a comparative advantage over Belarus.

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

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