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

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Bangladesh-Bolivia Trade: In 2022, Bangladesh exported $4.69M to Bolivia. The main products that Bangladesh exported to Bolivia were Packaged Medicaments ($792k), Non-Knit Men's Suits ($545k), and Leather Footwear ($506k). Over the past 5 years the exports of Bangladesh to Bolivia have increased at an annualized rate of 15.7%, from $2.26M in 2017 to $4.69M in 2022.

In 2022, Bangladesh did not export any services to Bolivia.

Bolivia-Bangladesh Trade: In 2022, Bolivia exported $475k to Bangladesh. The main products that Bolivia exported to Bangladesh were Surveying Equipment ($353k), Other Oily Seeds ($68.8k), and Stone Processing Machines ($45.3k). Over the past 5 years the exports of Bolivia to Bangladesh have increased at an annualized rate of 18%, from $208k in 2017 to $475k in 2022.

In 2022, Bolivia did not export any services to Bangladesh.

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $4.69M to Bolivia. The main products exported from Bangladesh to Bolivia were Packaged Medicaments ($792k), Non-Knit Men's Suits ($545k), and Leather Footwear ($506k). During the last 5 years the exports of Bangladesh to Bolivia have increased at an annualized rate of 15.7%, from $2.26M in 2017 to $4.69M in 2022.

In 2017, Bolivia exported $475k to Bangladesh. The main products exported from Bolivia to Bangladesh were Surveying Equipment ($353k), Other Oily Seeds ($68.8k), and Stone Processing Machines ($45.3k). During the last 5 years the exports of Bolivia to Bangladesh have increased at an annualized rate of 18%, from $208k in 2022 to $475k in 2017.

Exports from Bangladesh () to Bolivia () (2022)

Exports from Bolivia () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Bolivia ()

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Bolivia
Top DestinationIndia$2.27B

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 2022, countries that imported more from Bangladesh than Bolivia included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

In 2022, countries that imported more from Bolivia than Bangladesh included Argentina ($1.76B), Brazil ($1.89B), and Colombia ($1.06B).

Difference in imports from Bolivia () and Bangladesh () (2022)

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 2022, Bangladesh had a large net trade with Bolivia in the exports of Textiles ($2.82M), Chemical Products ($880k), and Footwear and Headwear ($543k).

During 2017, Bolivia had a large net trade with Bangladesh in the exports of Instruments ($354k), Vegetable Products ($68.8k), and Machines ($45.6k).

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.

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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 () (2022)

Exports from Bolivia () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Bolivia ()

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Bolivia () (2022)

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