2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC 
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186
2022
Flag
GDP PC
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $4.56M in 2022.

In 2017, 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 2022 to $8.55M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Portugal (Flag)

Belarus Exports

Portugal Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Belarus - Portugal

Flow
Scale

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

During 2022, Belarus had a large net trade with Portugal in the exports of Paper Goods ($1.49M), Metals ($1.46M), and Foodstuffs ($1M).

During 2017, Portugal had a large net trade with Belarus in the exports of Wood Products ($6.69M), Foodstuffs ($996k), and Machines ($326k).

Potential Exports

Potential Exports

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

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 Belarus and Portugal. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Belarus.

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

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