Belarus

ECON COMPLEXITY (2018)

0.84

RANK 35 OF 137

PRODUCT EXPORTS (2018)

$33.2B

RANK 65 OF 222

EXPORTS PER CAPITA (2018)

$3.5K

RANK 145 OF 219

PRODUCT IMPORTS (2018)

$35.8B

RANK 62 OF 221

IMPORTS PER CAPITA (2018)

$3.78K

RANK 142 of 219

SERVICE EXPORTS (2016)

$5.48B

RANK 70 OF 152

SERVICE IMPORTS (2016)

$3.89B

RANK 76 OF 152

GDP (2018)

$59.7B

CURRENT US$
RANK 58 OF 196

GDP GROWTH (2008-2018)

1.81%

CURRENT US$
RANK 170 OF 196

GDP PC (2018)

$6,290

CURRENT US$
RANK 99 OF 196

GDP PC GROWTH (2008-2018)

-1.37%

Overview: In 2018 Belarus was the number 78 economy in the world in terms of GDP (current US$), the number 65 in total exports, the number 62 in total imports, and the number 35 most complex economy according to the Economic Complexity Index (ECI). In 2018, Belarus exported $33.2B and imported $35.8B, resulting in a negative trade balance of -$2.63B. In 2018, Belarus’s exports per capita were $3.5k and its imports per capita were $3.78k.

Trade: The top exports of Belarus are Refined Petroleum ($6.54B), Potassic Fertilizers ($2.75B), Delivery Trucks ($1.53B), Crude Petroleum($812M), and Cheese ($811M). The top imports of Belarus are Crude Petroleum ($6.77B), Petroleum Gas ($2.74B), Refined Petroleum($1.37B), Cars ($745M), and Packaged Medicaments ($450M).

Destinations: Belarus exports mostly to Russia ($12.6B), Ukraine($4.11B), United Kingdom ($3.07B), Germany ($1.46B), and Netherlands ($1.43B), and imports mostly from Russia ($21.6B), China($2.03B), Germany ($1.72B), Poland ($1.64B), and Ukraine ($1.33B).

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

Exports

In 2018 Belarus exported a total of $33.2B, making it the number 65 exporter in the world. During the last five reported years the exports of Belarus have changed by -$3.23B from $36.4B in 2013 to $33.2B in 2018.

The most recent exports are led by Refined Petroleum ($6.54B), Potassic Fertilizers ($2.75B), Delivery Trucks ($1.53B), Crude Petroleum ($812M), and Cheese ($811M).

Imports

In 2018 Belarus imported $35.8B, making it the number 62 trade destination in the world. During the last five reported years the imports of Belarus changed by -$5.12B from $41B in 2013 to $35.8B in 2018.

The most recent imports of Belarus are led by Crude Petroleum ($6.77B), Petroleum Gas ($2.74B), Refined Petroleum ($1.37B), Cars ($745M), and Packaged Medicaments ($450M).

Trade Balance

As of 2018 Belarus had a negative trade balance of $4.42B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $468M in net imports.

Destinations

The most common destination for the exports of Belarus are Russia ($12.6B), Ukraine ($4.11B), United Kingdom ($3.07B), Germany ($1.46B), and Netherlands ($1.43B).

Origins

The most common import partners for Belarus are Russia ($21.6B), China ($2.03B), Germany ($1.72B), Poland ($1.64B), and Ukraine ($1.33B).