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

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Vietnam-Belarus Trade: In 2022, Vietnam exported $17M to Belarus. The main products that Vietnam exported to Belarus were N/A. Over the past 5 years the exports of Vietnam to Belarus have decreased at an annualized rate of 22.2%, from $59.6M in 2017 to $17M in 2022.

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

Belarus-Vietnam Trade: In 2022, Belarus exported $53.7M to Vietnam. The main products that Belarus exported to Vietnam were N/A. Over the past 5 years the exports of Belarus to Vietnam have decreased at an annualized rate of 8.21%, from $82.5M in 2017 to $53.7M in 2022.

In 2014, Belarus exported services to Vietnam worth $2.13M, with Insurance services ($2.01M) and Government services, n.i.e. ($119k) being the largest in terms of value.

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $17M to Belarus. There were not main exports from Vietnam to Belarus in 2022. During the last 5 years the exports of Vietnam to Belarus have decreased at an annualized rate of 22.2%, from $59.6M in 2017 to $17M in 2022.

In 2017, Belarus exported $53.7M to Vietnam. There were not main exports from Belarus to Vietnam in 2017. During the last 5 years the exports of Belarus to Vietnam have decreased at an annualized rate of 8.21%, from $82.5M in 2022 to $53.7M in 2017.

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

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

Latest Data

Trade between Vietnam () and Belarus ()

Belarus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Belarus
Top DestinationChina$2.6B

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

In 2023, countries that imported more from Vietnam than Belarus included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Belarus than Vietnam included Uzbekistan ($509M), Lithuania ($302M), and Azerbaijan ($325M).

Difference in imports from Belarus () and Vietnam () (2023)

Comparative Advantage Vietnam - Belarus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Belarus in the exports of .

During 2017, Belarus had a large net trade with Vietnam in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Belarus+$2.72MRubber Tires

Top Product Potential Belarus Vietnam+$2.62MPotassic 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

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Vietnam () and Belarus ()

Belarus Exports

Market Competitiveness

Difference in imports from Belarus () and Vietnam () (2023)

Comparative Advantage Vietnam - Belarus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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