Belarus (BLR) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Belarus-Vietnam Trade: In 2022, Belarus exported $48.4M to Vietnam. The main products that Belarus exported to Vietnam were Potassic Fertilizers ($28.1M), Packaged Medicaments ($6M), and Other Measuring Instruments ($3.4M). Over the past 5 years the exports of Belarus to Vietnam have decreased at an annualized rate of 10.1%, from $82.4M in 2017 to $48.4M in 2022.

In 2022, Belarus did not export any services to Vietnam.

Vietnam-Belarus Trade: In 2022, Vietnam exported $17M to Belarus. The main products that Vietnam exported to Belarus were Fish Fillets ($5.55M), Rubber Tires ($3.92M), and Machinery Having Individual Functions ($2.85M). Over the past 5 years the exports of Vietnam to Belarus have decreased at an annualized rate of 15.2%, from $45.8M in 2017 to $17M in 2022.

In 2022, Vietnam did not export any services to Belarus.

Comparison: In 2022, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belarus exported $48.4M to Vietnam. The main products exported from Belarus to Vietnam were Potassic Fertilizers ($28.1M), Packaged Medicaments ($6M), and Other Measuring Instruments ($3.4M). During the last 5 years the exports of Belarus to Vietnam have decreased at an annualized rate of 10.1%, from $82.4M in 2017 to $48.4M in 2022.

In 2017, Vietnam exported $17M to Belarus. The main products exported from Vietnam to Belarus were Fish Fillets ($5.55M), Rubber Tires ($3.92M), and Machinery Having Individual Functions ($2.85M). During the last 5 years the exports of Vietnam to Belarus have decreased at an annualized rate of 15.2%, from $45.8M in 2022 to $17M in 2017.

Exports from Belarus () to Vietnam () (2022)

Exports from Vietnam () to Belarus () (2022)

Latest Data

Trade between Belarus () and Vietnam ()

Belarus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belarus
Top DestinationChina$1.6B

Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Belarus than Vietnam included Ukraine ($1.29B), Lithuania ($778M), and Kazakhstan ($827M).

In 2022, countries that imported more from Vietnam than Belarus included United States ($117B), China ($58.7B), and South Korea ($25.2B).

Difference in imports from Vietnam () and Belarus () (2022)

Comparative Advantage Belarus - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Belarus had a large net trade with Vietnam in the exports of Chemical Products ($36M), Animal Products ($5.96M), and Instruments ($4.32M).

During 2017, Vietnam had a large net trade with Belarus in the exports of Animal Products ($6M), Plastics and Rubbers ($4.63M), and Machines ($4.32M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Belarus Vietnam+$2.62MPotassic Fertilizers

Top Product Potential Vietnam Belarus+$2.72MRubber Tires

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

Year

This visualization shows the product space at the HS4 level with the flags of Belarus and Vietnam. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Belarus.

About

Historical Data

Bilateral Trade by Products

Exports from Belarus () to Vietnam () (2022)

Exports from Vietnam () to Belarus () (2022)

Latest Data

Trade between Belarus () and Vietnam ()

Belarus Exports

Market Competitiveness

Difference in imports from Vietnam () and Belarus () (2022)

Comparative Advantage Belarus - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Belarus () and Vietnam () (2022)

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