2023
Flag  
GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
 GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC 
$18,404CURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195
2023
Flag
GDP PC
$7,829CURRENT US$
Rnk 98 / 196
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195

About

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.

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 6.51%,  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.

Comparison: In 2023,  Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $24.3M in 2023.

In 2018, 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 6.51%, from $84.7M in 2023 to $22M in 2018.

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

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

Latest Data

Trade between Romania (Flag) and Belarus (Flag)

Romania Exports

Belarus Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Romania - Belarus

Flow
Scale

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

During 2023, Romania had a large net trade with Belarus in the exports of Chemical Products ($11.6M), Machines ($4.01M), and Metals ($2.95M).

During 2018, Belarus had a large net trade with Romania in the exports of Metals ($7.36M), Miscellaneous ($3.54M), and Chemical Products ($3.31M).

Potential Exports

Potential Exports

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

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

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

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