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2022
Economic Complexity
Trade 0.82Rank 32 of 133
2021
Economic Complexity
Technology -0.62Rank 65 of 96
2022
Economic Complexity
Research -1.26Rank 127 of 135
2022
Product
Exports | Imports $10.4B | $12.5B100 of 226 |  107 of 226
2022
Per Capita Product
Exports | Imports $1.12k | $1.36k123 of 220 |  109 of 220

About

Overview In 2022, Belarus was the number 78 economy in the world in terms of GDP (current US$), the number 100 in total exports, the number 107 in total imports, the number 85 economy in terms of GDP per capita (current US$) and the number 32 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Belarus are Potassic Fertilizers ($1.89B), Refined Petroleum ($797M), Rapeseed Oil ($540M), Sawn Wood ($451M), and Tractors ($311M), exporting mostly to China ($1.6B), Ukraine ($1.29B), Poland ($933M), Kazakhstan ($827M), and Lithuania ($778M).

Imports The top imports of Belarus are Cars ($1.87B), Packaged Medicaments ($422M), Light Rubberized Knitted Fabric ($318M), Video Displays ($292M), and Motor vehicles; parts and accessories (8701 to 8705) ($282M), importing mostly from China ($3.23B), Poland ($1.83B), Germany ($1.53B), Lithuania ($1.5B), and Turkey ($1.13B).

Location Belarus borders Latvia, Lithuania, Poland, Russia, and Ukraine by land.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Belarus.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Potassic Fertilizers$1.89B
Top Destination (2022)China$1.6B

In 2022, Belarus exported a total of $10.4B, making it the number 100 exporter in the world. During the last five reported years the exports of Belarus have changed by -$18.5B from $28.9B in 2017 to $10.4B in 2022.

The most recent exports are led by Potassic Fertilizers ($1.89B), Refined Petroleum ($797M), Rapeseed Oil ($540M), Sawn Wood ($451M), and Tractors ($311M). The most common destination for the exports of Belarus are China ($1.6B), Ukraine ($1.29B), Poland ($933M), Kazakhstan ($827M), and Lithuania ($778M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2021 - 2022)
China$613M (+ 61.8%)
Azerbaijan$102M (+ 67.8%)
Uzbekistan$94.3M (+ 32.3%)
Fastest Growing Import Markets (2021 - 2022)
Lithuania$443M (+ 41.7%)
Turkey$213M (+ 23.3%)
Uzbekistan$66.1M (+ 124%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Belarus Exports Services (2016)$5.48B
Belarus Imports Services (2016)$3.89B

In 2016, Belarus exported $5.48B worth of services. The top services exported by Belarus in 2016 were Other transport ($2.29B), Personal travel ($643M), Construction abroad ($542M), Miscellaneous business, professional, and technical services ($497M), and Construction in the compiling economy ($489M).

The top services imported by Belarus in 2016 were Other transport ($834M), Construction in the compiling economy ($751M), Personal travel ($622M), Miscellaneous business, professional, and technical services ($556M), and Sea transport ($311M).

Service Exports (2016)

Service Imports (2016)

Economic Complexity

Overview

Economic Complexity (Trade)0.82Rank 32 of 133
Economic Complexity (Technology)-0.62Rank 65 of 96
Economic Complexity (Research)-1.26Rank 127 of 135

Most Specialized Products by RCA Index

Belarus has a high level of specialization in Potassic Fertilizers (133), Railway Passenger Cars (96), Rapeseed Oil (89.1), Flax Fibers (49.2), and Flax Woven Fabric (45.1). Specialization is measured using RCA, an index that takes the ratio between Belarus observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Belarus according to the product complexity index (PCI) are Tools, hand; saws and blades for saws of all kinds (including slitting,... (1.72), X-ray, alpha, beta, gamma radiation apparatus; x-ray tubes, x-ray generators, high tension... (1.64), Polyamides in primary forms (1.48), Reagents; diagnostic or laboratory reagents on a backing and prepared diagnostic or... (1.45), and Railway or tramway coaches, vans and trucks; self-propelled tenders, other than those... (1.32). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Belarus according to the relatedness index, were Rough Wood (0.24), Processed Cereals (0.24), Linseed (0.24), Bovine (0.23), and Buckwheat (0.23). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Belarus is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Belarus. These are products that tend to be co-exported with the products that Belarus exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Belarus's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨31st to the 32nd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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ECI (Trade) Ranking by Country

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