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2023
Flag → Flag
Exports $45.4MRnk 156 / 220
2023
Flag → Flag
Top Product $16.3MPackaged Medicaments
2023
Flag → Flag
Exports $32.3MRnk 25 / 123
2023
Flag → Flag
Top Product $4.28MPotassic Fertilizers
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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 GDP$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
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GDP GROWTH-4.86%CURRENT US$
Rnk 175 / 195
2023
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GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
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GDP PC$7,829CURRENT US$
Rnk 98 / 196
2013-2023
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GDP PC GROWTH-2.11%CURRENT US$
Rnk 156 / 195

About

India-Belarus Trade: In 2023, India exported $45.4M to Belarus. The main products that India exported to Belarus were Packaged Medicaments ($16.3M), Other Organic Compounds ($2.68M), and Nitrogen Heterocyclic Compounds ($2.5M). Over the past 5 years the exports of India to Belarus have decreased at an annualized rate of 20.6%, from $144M in 2018 to $45.4M in 2023.

In 2023, India did not export any services to Belarus.

Belarus-India Trade: In 2023, Belarus exported $32.3M to India. The main products that Belarus exported to India were Potassic Fertilizers ($4.28M), Brochures ($3.93M), and Navigation Equipment ($2.97M). Over the past 5 years the exports of Belarus to India have decreased at an annualized rate of 36.4%,  from $310M in 2018 to $32.3M in 2023.

In 2014, Belarus exported services to India worth $287k, with Insurance services ($152k), Government services, n.i.e. ($87.9k), and Computer and information services ($46.7k) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $4.39M and imported $3.21M from Belarus, resulting in a positive trade balance of $1.18M. Between November 2023 and November 2024 the exports of India have increased by $1.39M (46.6%) from $2.99M to $4.39M, while imports increased by $2.26M (237%) from $951k to $3.21M.

Trade In November 2024, the top exports of India to Belarus were Drug Formulations, Biologicals ($1.18M), Marine Products ($384k), Leather Footwear Component ($277k), Bulk Drugs, Drug Intermediates ($251k), and Indl. Machnry For Dairy Etc ($168k). In November 2024 the top imports of India from Belarus were Moulded And Extruded Goods ($283k), Other Commodities ($185k), Bulk Drugs, Drug Intermediates ($145k), Electronics Components ($85.8k), and Iron And Steel ($82.2k).

Growth In November 2024, the increase in India's year-by-year exports to Belarus was explained primarily by an increase in product exports in Drug Formulations, Biologicals ($648k or 123%), Electronics Instruments ($76.4k or 1.21k%), and Manmade Yarn,Fabrics,Madeups ($70.6k or 78.5%). In November 2024, the increase in India's year-by-year imports  from Belarus was explained primarily by an increase in product imports  in Electronics Components ($36.7k or 74.6%) and Electronics Instruments ($8.52k or 4.87k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$1.39M(46.6%)
IMPORT GROWTH (November 2023 - November 2024)$2.26M(237%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Belarus and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belarus and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $45.4M to Belarus. The main products exported from India to Belarus were Packaged Medicaments ($16.3M), Other Organic Compounds ($2.68M), and Nitrogen Heterocyclic Compounds ($2.5M). During the last 5 years the exports of India to Belarus have decreased at an annualized rate of 20.6%, from $144M in 2018 to $45.4M in 2023.

In 2018, Belarus exported $32.3M to India. The main products exported from Belarus to India were Potassic Fertilizers ($4.28M), Brochures ($3.93M), and Navigation Equipment ($2.97M). During the last 5 years the exports of Belarus to India have decreased at an annualized rate of 36.4%, from $310M in 2023 to $32.3M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Belarus
Top DestinationChina$2.6B

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

In 2023, countries that imported more from India than Belarus included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Belarus than India included Kazakhstan ($757M), Lithuania ($302M), and Azerbaijan ($325M).

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

Comparative Advantage India - Belarus

Flow
Scale

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

During 2023, India had a large net trade with Belarus in the exports of Chemical Products ($30.3M), Machines ($5.54M), and Metals ($1.81M).

During 2018, Belarus had a large net trade with India in the exports of Chemical Products ($7.32M), Machines ($5.63M), and Paper Goods ($5.31M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Belarus+$19.7MPackaged Medicaments
Top Product Potential Belarus India+$7.29MPotassic Fertilizers

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

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

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