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Belarus Oilcrops Oil, Other Production
What is Belarus' oilcrops oil, other production (1000 t)? As of 2023, it's 42 1000 t, up from 33 1000 t in 2014.
| Label | Oilcrops Oil, Other Production (1000 t) |
|---|---|
| 2014 | 33 1000 t |
| 2015 | 33 1000 t |
| 2016 | 25 1000 t |
| 2017 | 25 1000 t |
| 2018 | 22 1000 t |
| 2019 | 46 1000 t |
| 2020 | 42 1000 t |
| 2021 | 38 1000 t |
| 2022 | 41 1000 t |
| 2023 | 42 1000 t |
Data Source: Food and Agriculture Organization (FAO) and Wantstats Repository
Belarus Oilcrops Oil, Other Production: Key Points
- Bookending the series — 2014 at 33.00 t, 2023 at 42.00 t — puts Belarus' oilcrops Oil, Other Production up by roughly 27% across the full window.
- 2016: falls to 25.00 t (-24%).
- 2018: drops to 22.00 t (-12%).
- 2019: leaps to 46.00 t (+109%).
- 2020-2021: erodes to 38.00 t (-17%).
- 2023: Final reading, 42.00 t. That's 27.3% up on 2014.
What The Volatility Really Means
Don't anchor on the most recent year. With this much back-and-forth, the latest reading is one data point among several similarly-weighted ones, not the start of a new trend.
Worth noting this move happens in 2020, the year lockdowns disrupted ordinary activity broadly across the world. It may or may not be the direct explanation here, but it's the most common one for a dip landing in exactly this year.
The single most useful thing to do with this chart is compare Belarus against its neighbors or peers on the same oilcrops Oil, Other Production series, not read the line in isolation — a number only means something relative to where everyone else stands.
Like most indicator series of this kind, the Belarus numbers here are compiled from periodic surveys and filled in with modeling for the years between — read the shape of the trend, hold individual annual figures loosely.
Small absolute numbers like these amplify percentage swings — the same-sized change in tonnes looks dramatic as a percentage here in a way it wouldn't for a bigger commodity. Read the raw numbers, not just the percent.
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