Flag Belgium / Bolivia Flag

2019
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Exports
: $46.5M, Rnk 127 / 219

2019
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Top Product
: $9.53M, Tractors

2019
FlagFlag
Exports
: $181M, Rnk 14 / 108

2019
FlagFlag
Top Product
: $159M, Zinc Ore

2019
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Economic Complexity (ECI)
: ECI 1.34, Rnk 18 / 146

2019
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Economic Complexity (ECI)
: ECI -0.94, Rnk 117 / 146

2019
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GDP
: $533B, CURRENT US$
Rnk 23 / 187

2009-2019
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GDP GROWTH
: 10.8%, CURRENT US$
Rnk 161 / 187

2019
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 GDP
: $40.9B, CURRENT US$
Rnk 91 / 187

2009-2019
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GDP GROWTH
: 136%, CURRENT US$
Rnk 18 / 187

2019
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GDP PC 
: $46,421, CURRENT US$
Rnk 19 / 187

2009-2019
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GDP PC GROWTH
: 4.12%, CURRENT US$
Rnk 147 / 187

2019
Flag
GDP PC
: $3,552, CURRENT US$
Rnk 124 / 187

2009-2019
Flag
GDP PC GROWTH
: 102%, CURRENT US$
Rnk 15 / 187

Belgium-Bolivia In 2019, Belgium exported $46.5M to Bolivia. The main products that Belgium exported to Bolivia are Tractors ($9.53M), Blood, antisera, vaccines, toxins and cultures ($7.99M), and Delivery Trucks ($5.31M). During the last 20 years the exports of Belgium to Bolivia have increased at an annualized rate of 9.21%, from $7.98M in 1999 to $46.5M in 2019.

In 2019, Belgium did not export any services to Bolivia.

Bolivia-Belgium In 2019, Bolivia exported $181M to Belgium . The main products that Bolivia exported to Belgium were Zinc Ore ($159M), Other Ores ($9.27M), and Raw Tin ($6.27M). During the last 20 years the exports of Bolivia to Belgium have increased at an annualized rate of 4.72%, from $71.9M in 1999 to $181M in 2019.

In 2019, Bolivia did not export any services to Belgium.

Comparison In 2019,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.34), and 12 in total exports ($411B). That same year, Bolivia ranked 117 in the Economic Complexity Index (ECI -0.94), and 97 in total exports ($8.04B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Belgium exported $46.5M to Bolivia. The main products exported from Belgium to Bolivia were Tractors ($9.53M), Blood, antisera, vaccines, toxins and cultures ($7.99M), and Delivery Trucks ($5.31M). During the last 20 years the exports of Belgium to Bolivia have increased at an annualized rate of 9.21%, from $7.98M in 1999 to $46.5M in 2019.

In 2019, Bolivia exported $181M to Belgium. The main products exported from Bolivia to Belgium were Zinc Ore ($159M), Other Ores ($9.27M), and Raw Tin ($6.27M). During the last 20 years the exports of Bolivia to Belgium have increased at an annualized rate of 4.72%, from $71.9M in 1999 to $181M in 2019.

Belgium Exports

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Bolivia Exports

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Market Competitiveness

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Measure

Belgium
Top Destination
: Germany, $68.9B

Bolivia
Top Destination
: Argentina, $1.24B

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

In 2019, countries that imported more from Belgium than Bolivia were Germany ($68.9B), France ($55.6B), and Netherlands ($53.1B).

In 2019, countries that imported more from Bolivia than Belgium were Argentina ($1.24B), Peru ($396M), and Paraguay ($70.2M).

Comparative Advantage Belgium - Bolivia

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Depth

This chart compares trade between Belgium and Bolivia by product, considering products traded by both, Belgium and Bolivia.

During 2019, Belgium had a large net trade with Bolivia in the exports of Transportation ($15.7M), Chemical Products ($15M), and Machines ($8.8M).

During 2019, Bolivia had a large net trade with Belgium in the exports of Mineral Products ($168M), Metals ($6.8M), and Vegetable Products ($5.02M).

Tariff Section

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This section shows import tariffs for products traded between Belgium and Bolivia (using the HS6 product classification and the last year reported).

In 2017, the products from Belgium that paid the highest import tariffs to enter Bolivia were Sugar beet (178%) and Whey (173%).

In 2018, the products from Bolivia that paid the highest import tariffs to enter Belgium were Vegetables nes and mixtures, prepared, frozen (40%) and Beer made from malt (40%).

*The tariffs present between Belgium and Bolivia are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Bolivia. Similarly, the more red a dot/product is, the more Bolivia has comparative advantage over Belgium.