2023
Flag  
GDP
$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH
34.1%CURRENT US$
Rnk 104 / 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 
$24,491CURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP PC GROWTH
33.7%CURRENT US$
Rnk 71 / 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

Slovakia-Belarus Trade: In 2023, Slovakia exported $39.8M to Belarus. The main products that Slovakia exported to Belarus were Vacuum Cleaners ($8.03M), Other Edible Preparations ($4.39M), and Corn ($3.52M). Over the past 5 years the exports of Slovakia to Belarus have decreased at an annualized rate of 19.3%, from $116M in 2018 to $39.8M in 2023.

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.

Belarus-Slovakia Trade: In 2023, Belarus exported $12.5M to Slovakia. The main products that Belarus exported to Slovakia were Peat ($1.68M), Insulated Wire ($1.24M), and Glass Bottles ($1.19M). Over the past 5 years the exports of Belarus to Slovakia have decreased at an annualized rate of 35.1%,  from $108M in 2018 to $12.5M in 2023.

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.

Comparison: In 2023,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B). 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, Slovakia exported $39.8M to Belarus. The main products exported from Slovakia to Belarus were Vacuum Cleaners ($8.03M), Other Edible Preparations ($4.39M), and Corn ($3.52M). During the last 5 years the exports of Slovakia to Belarus have decreased at an annualized rate of 19.3%, from $116M in 2018 to $39.8M in 2023.

In 2018, Belarus exported $12.5M to Slovakia. The main products exported from Belarus to Slovakia were Peat ($1.68M), Insulated Wire ($1.24M), and Glass Bottles ($1.19M). During the last 5 years the exports of Belarus to Slovakia have decreased at an annualized rate of 35.1%, from $108M in 2023 to $12.5M in 2018.

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

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

Latest Data

Trade between Slovakia (Flag) and Belarus (Flag)

Slovakia Exports

Belarus Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$21.5B
Belarus
Top Destination
China$2.6B

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

In 2023, countries that imported more from Slovakia than Belarus included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

In 2023, countries that imported more from Belarus than Slovakia included Kazakhstan ($757M), Uzbekistan ($509M), and Azerbaijan ($325M).

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

Comparative Advantage Slovakia - Belarus

Flow
Scale

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

During 2023, Slovakia had a large net trade with Belarus in the exports of Machines ($12.3M), Foodstuffs ($4.84M), and Mineral Products ($3.9M).

During 2018, Belarus had a large net trade with Slovakia in the exports of Stone And Glass ($3.16M), Miscellaneous ($2.1M), and Plastics and Rubbers ($1.75M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia Belarus+$4.83MCars
Top Product Potential Belarus Slovakia+$2.82MInsulated 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 Slovakia and Belarus. This means that a dot/product with the flag of Slovakia indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Slovakia.

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

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