2022
Flag  
GDP
$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 175 / 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 
$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH
13.2%CURRENT US$
Rnk 103 / 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

Ukraine-Belarus Trade: In 2022, Ukraine exported $189M to Belarus. The main products that Ukraine exported to Belarus were Soybean Meal ($16.4M), Soybeans ($14.7M), and Hot-Rolled Iron ($11.5M). Over the past 5 years the exports of Ukraine to Belarus have decreased at an annualized rate of 30.6%, from $1.17B in 2017 to $189M in 2022.

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

Belarus-Ukraine Trade: In 2022, Belarus exported $1.29B to Ukraine. The main products that Belarus exported to Ukraine were Refined Petroleum ($703M), Electricity ($100M), and Mixed Mineral or Chemical Fertilizers ($67.7M). Over the past 5 years the exports of Belarus to Ukraine have decreased at an annualized rate of 17.6%,  from $3.4B in 2017 to $1.29B in 2022.

In 2014, Belarus exported services to Ukraine worth $2.93M, with Computer and information services ($1.35M), Government services, n.i.e. ($674k), and Royalties and license fees ($602k) being the largest in terms of value.

Comparison: In 2022,  Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). 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, Ukraine exported $189M to Belarus. The main products exported from Ukraine to Belarus were Soybean Meal ($16.4M), Soybeans ($14.7M), and Hot-Rolled Iron ($11.5M). During the last 5 years the exports of Ukraine to Belarus have decreased at an annualized rate of 30.6%, from $1.17B in 2017 to $189M in 2022.

In 2017, Belarus exported $1.29B to Ukraine. The main products exported from Belarus to Ukraine were Refined Petroleum ($703M), Electricity ($100M), and Mixed Mineral or Chemical Fertilizers ($67.7M). During the last 5 years the exports of Belarus to Ukraine have decreased at an annualized rate of 17.6%, from $3.4B in 2022 to $1.29B in 2017.

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

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

Latest Data

Trade between Ukraine (Flag) and Belarus (Flag)

Ukraine Exports

Belarus Exports

Market Competitiveness

Color
Ukraine
Top Destination
Poland$6.7B
Belarus
Top Destination
China$1.6B

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

In 2022, countries that imported more from Ukraine than Belarus included Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

In 2022, countries that imported more from Belarus than Ukraine included Kazakhstan ($827M), Brazil ($377M), and Uzbekistan ($386M).

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

Comparative Advantage Ukraine - Belarus

Flow
Scale

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

During 2022, Ukraine had a large net trade with Belarus in the exports of Metals ($42.1M), Foodstuffs ($33.6M), and Vegetable Products ($31.8M).

During 2017, Belarus had a large net trade with Ukraine in the exports of Mineral Products ($908M), Chemical Products ($162M), and Transportation ($60.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Belarus+$4.92kCorn
Top Product Potential Belarus Ukraine+$4.96kRefined Petroleum

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

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

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

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