2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC 
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 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

Portugal-Belarus Trade: In 2022, Portugal exported $8.55M to Belarus. The main products that Portugal exported to Belarus were Agglomerated Cork ($6.3M), Wine ($498k), and Natural Cork Articles ($395k). Over the past 5 years the exports of Portugal to Belarus have decreased at an annualized rate of 16.1%, from $20.5M in 2017 to $8.55M in 2022.

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

Belarus-Portugal Trade: In 2022, Belarus exported $4.56M to Portugal. The main products that Belarus exported to Portugal were Kaolin Coated Paper ($1.49M), Iron Wire ($1.4M), and Molasses ($999k). Over the past 5 years the exports of Belarus to Portugal have decreased at an annualized rate of 10.7%,  from $8.03M in 2017 to $4.56M in 2022.

In 2014, Belarus exported services to Portugal worth $3.23M, with Computer and information services ($3.23M), Royalties and license fees ($1.3k), and Government services, n.i.e. ($400) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $8.55M to Belarus. The main products exported from Portugal to Belarus were Agglomerated Cork ($6.3M), Wine ($498k), and Natural Cork Articles ($395k). During the last 5 years the exports of Portugal to Belarus have decreased at an annualized rate of 16.1%, from $20.5M in 2017 to $8.55M in 2022.

In 2017, Belarus exported $4.56M to Portugal. The main products exported from Belarus to Portugal were Kaolin Coated Paper ($1.49M), Iron Wire ($1.4M), and Molasses ($999k). During the last 5 years the exports of Belarus to Portugal have decreased at an annualized rate of 10.7%, from $8.03M in 2022 to $4.56M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top Destination
Spain$20.5B
Belarus
Top Destination
China$1.6B

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

In 2022, countries that imported more from Portugal than Belarus included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Belarus than Portugal included Ukraine ($1.29B), Kazakhstan ($827M), and China ($1.6B).

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

Comparative Advantage Portugal - Belarus

Flow
Scale

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

During 2022, Portugal had a large net trade with Belarus in the exports of Wood Products ($6.69M), Foodstuffs ($996k), and Machines ($326k).

During 2017, Belarus had a large net trade with Portugal in the exports of Paper Goods ($1.49M), Metals ($1.46M), and Foodstuffs ($1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Belarus+$634kWine
Top Product Potential Belarus Portugal+$392kIron 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with