2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 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 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 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

India-Belarus Trade: In 2022, India exported $42.7M to Belarus. The main products that India exported to Belarus were Packaged Medicaments ($16.1M), Nitrogen Heterocyclic Compounds ($3.39M), and Fish Fillets ($2.8M). Over the past 5 years the exports of India to Belarus have decreased at an annualized rate of 15.8%, from $101M in 2017 to $42.7M in 2022.

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

Belarus-India Trade: In 2022, Belarus exported $174M to India. The main products that Belarus exported to India were Potassic Fertilizers ($162M), Plastic Building Materials ($3.15M), and Flax Fibers ($2.58M). Over the past 5 years the exports of Belarus to India have decreased at an annualized rate of 9.38%,  from $285M in 2017 to $174M in 2022.

In 2014, Belarus exported services to India worth $287k, with Insurance services ($152k), Government services, n.i.e. ($87.9k), and Computer and information services ($46.7k) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $42.7M to Belarus. The main products exported from India to Belarus were Packaged Medicaments ($16.1M), Nitrogen Heterocyclic Compounds ($3.39M), and Fish Fillets ($2.8M). During the last 5 years the exports of India to Belarus have decreased at an annualized rate of 15.8%, from $101M in 2017 to $42.7M in 2022.

In 2017, Belarus exported $174M to India. The main products exported from Belarus to India were Potassic Fertilizers ($162M), Plastic Building Materials ($3.15M), and Flax Fibers ($2.58M). During the last 5 years the exports of Belarus to India have decreased at an annualized rate of 9.38%, from $285M in 2022 to $174M in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Belarus
Top Destination
China$1.6B

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

In 2022, countries that imported more from India than Belarus included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Belarus than India included Ukraine ($1.29B), Lithuania ($778M), and Kazakhstan ($827M).

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

Comparative Advantage India - Belarus

Flow
Scale

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

During 2022, India had a large net trade with Belarus in the exports of Chemical Products ($27.5M), Animal Products ($4.16M), and Machines ($2.83M).

During 2017, Belarus had a large net trade with India in the exports of Chemical Products ($163M), Plastics and Rubbers ($3.24M), and Textiles ($2.62M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Belarus+$19.7MPackaged Medicaments
Top Product Potential Belarus India+$7.29MPotassic Fertilizers

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

Product Space of India (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