2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH
17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC 
$3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC
$14,187CURRENT US$
Rnk 73 / 196
2013-2023
Flag
GDP PC GROWTH
9.44%CURRENT US$
Rnk 135 / 195

About

Bolivia-Argentina Trade: In 2023, Bolivia exported $1.15B to Argentina. The main products that Bolivia exported to Argentina were Petroleum Gas ($809M), Soybeans ($199M), and Bananas ($49.8M). Over the past 5 years the exports of Bolivia to Argentina have decreased at an annualized rate of 3.53%, from $1.38B in 2018 to $1.15B in 2023.

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

Argentina-Bolivia Trade: In 2023, Argentina exported $499M to Bolivia. The main products that Argentina exported to Bolivia were Wheat Flours ($38.7M), Crude Petroleum ($35.3M), and Delivery Trucks ($34.4M). Over the past 5 years the exports of Argentina to Bolivia have decreased at an annualized rate of 8.86%,  from $793M in 2018 to $499M in 2023.

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

Comparison: In 2023,  Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $1.15B to Argentina. The main products exported from Bolivia to Argentina were Petroleum Gas ($809M), Soybeans ($199M), and Bananas ($49.8M). During the last 5 years the exports of Bolivia to Argentina have decreased at an annualized rate of 3.53%, from $1.38B in 2018 to $1.15B in 2023.

In 2018, Argentina exported $499M to Bolivia. The main products exported from Argentina to Bolivia were Wheat Flours ($38.7M), Crude Petroleum ($35.3M), and Delivery Trucks ($34.4M). During the last 5 years the exports of Argentina to Bolivia have decreased at an annualized rate of 8.86%, from $793M in 2023 to $499M in 2018.

Exports from Bolivia (Flag) to Argentina (Flag) (2023)

Exports from Argentina (Flag) to Bolivia (Flag) (2023)

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Argentina
Top Destination
Brazil$12.1B

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

In 2023, countries that imported more from Bolivia than Argentina included United Arab Emirates ($901M), Hong Kong ($321M), and Finland ($32.5M).

In 2023, countries that imported more from Argentina than Bolivia included Brazil ($12.1B), United States ($6.27B), and Chile ($5.57B).

Difference in imports from Argentina (Flag) and Bolivia (Flag) (2023)

Comparative Advantage Bolivia - Argentina

Flow
Scale

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

During 2023, Bolivia had a large net trade with Argentina in the exports of Mineral Products ($836M), Vegetable Products ($251M), and Machines ($29.7M).

During 2018, Argentina had a large net trade with Bolivia in the exports of Chemical Products ($96M), Vegetable Products ($85.3M), and Foodstuffs ($66.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Argentina+$10.1MNitrogenous Fertilizers
Top Product Potential Argentina Bolivia+$11.2MDelivery Trucks

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

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

Product Space of Bolivia (Flag) and Argentina (Flag) (2023)

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