Bangladesh (BGD) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

About

Bangladesh-Bolivia Trade: In 2023, Bangladesh exported $5.42M to Bolivia. The main products that Bangladesh exported to Bolivia were Leather Footwear ($1.39M), Knit T-shirts ($667k), and Non-Knit Men's Suits ($591k). Over the past 5 years the exports of Bangladesh to Bolivia have increased at an annualized rate of 16.5%, from $2.53M in 2018 to $5.42M in 2023.

In 2023, Bangladesh did not export any services to Bolivia.

Bolivia-Bangladesh Trade: In 2023, Bolivia exported $68.8k to Bangladesh. The main products that Bolivia exported to Bangladesh were Other Oily Seeds ($68.8k). Over the past 5 years the exports of Bolivia to Bangladesh have decreased at an annualized rate of 45.3%, from $1.4M in 2018 to $68.8k in 2023.

In 2023, Bolivia did not export any services to Bangladesh.

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $5.42M to Bolivia. The main products exported from Bangladesh to Bolivia were Leather Footwear ($1.39M), Knit T-shirts ($667k), and Non-Knit Men's Suits ($591k). During the last 5 years the exports of Bangladesh to Bolivia have increased at an annualized rate of 16.5%, from $2.53M in 2018 to $5.42M in 2023.

In 2018, Bolivia exported $68.8k to Bangladesh. The main products exported from Bolivia to Bangladesh were Other Oily Seeds ($68.8k). During the last 5 years the exports of Bolivia to Bangladesh have decreased at an annualized rate of 45.3%, from $1.4M in 2023 to $68.8k in 2018.

Exports from Bangladesh () to Bolivia () (2023)

Exports from Bolivia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Bolivia ()

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Bangladesh than Bolivia included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Bolivia than Bangladesh included Brazil ($1.54B), Argentina ($1.15B), and Colombia ($687M).

Difference in imports from Bolivia () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Bolivia in the exports of Textiles ($3.14M), Footwear and Headwear ($1.44M), and Chemical Products ($491k).

During 2018, Bolivia had a large net trade with Bangladesh in the exports of Vegetable Products ($68.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Bolivia+$781kKnit T-shirts

Top Product Potential Bolivia Bangladesh+$90.5kOther Oily Seeds

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Bolivia () (2023)

Exports from Bolivia () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Bolivia ()

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Bolivia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Bolivia () (2023)

Keep Exploring