2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
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GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Italy-Belarus In 2022, Italy exported $288M to Belarus. The main products that Italy exported to Belarus are Nonaqueous Paints ($16.5M), Coffee ($13.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($11.6M). During the last 27 years the exports of Italy to Belarus have increased at an annualized rate of 4.58%, from $86M in 1995 to $288M in 2022.

In 2001, Italy exported services to Belarus worth $6.17M, with Travel ($3.53M), Insurance services ($1.76M), and Transportation ($881k) being the largest in terms of value.

Belarus-Italy In 2022, Belarus exported $44.7M to Italy. The main products that Belarus exported to Italy were Potassic Fertilizers ($6.54M), Polyamides ($2.84M), and Tanned Equine and Bovine Hides ($2.78M). During the last 27 years the exports of Belarus to Italy have decreased at an annualized rate of 2.13%, from $80.1M in 1995 to $44.7M in 2022.

In 2014, Belarus exported services to Italy worth $2.04M, with Government services, n.i.e. ($1.27M), Computer and information services ($666k), and Insurance services ($99.7k) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Belarus ranked 30 in the Economic Complexity Index (ECI 0.86), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $288M to Belarus. The main products exported from Italy to Belarus were Nonaqueous Paints ($16.5M), Coffee ($13.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($11.6M). During the last 27 years the exports of Italy to Belarus have increased at an annualized rate of 4.58%, from $86M in 1995 to $288M in 2022.

In 2022, Belarus exported $44.7M to Italy. The main products exported from Belarus to Italy were Potassic Fertilizers ($6.54M), Polyamides ($2.84M), and Tanned Equine and Bovine Hides ($2.78M). During the last 27 years the exports of Belarus to Italy have decreased at an annualized rate of 2.13%, from $80.1M in 1995 to $44.7M in 2022.

Exports from Italy (Flag) to Belarus (Flag) (2022)

Exports from Belarus (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Belarus
Top Destination
China$1.6B

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

In 2021, countries that imported more from Italy than Belarus were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Belarus than Italy were Tajikistan ($76M), Zimbabwe ($52M), and Kyrgyzstan ($83M).

Difference in imports from Belarus (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Belarus

Flow
Scale

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

During 2022, Italy had a large net trade with Belarus in the exports of Machines ($71.6M), Chemical Products ($60.8M), and Plastics and Rubbers ($28.3M).

During 2022, Belarus had a large net trade with Italy in the exports of Chemical Products ($10.5M), Textiles ($5.89M), and Wood Products ($5.84M).

Service Trade

Bilateral Service Trade

In 2001, Italy exported services to Belarus worth $6.17M, with Travel ($3.53M), Insurance services ($1.76M), and Transportation ($881k) being the largest in terms of value.

In 2014, Belarus exported services to Italy worth $2.04M, with Government services, n.i.e. ($1.27M), Computer and information services ($666k), and Insurance services ($99.7k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Belarus (Flag) (2001)

Services Exports from Belarus (Flag) to Italy (Flag) (2014)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Belarus. Similarly, the more yellow a dot/product is, the more Belarus has comparative advantage over Italy.

Product Space of Italy (Flag) and Belarus (Flag) (2022)

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