2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH
192%CURRENT US$
Rnk 3 / 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
$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH
166%CURRENT US$
Rnk 2 / 195

About

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 7 years the exports of Bolivia to Bangladesh have decreased at an annualized rate of 26.1%, from $569k in 2016 to $68.8k in 2023.

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

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 7 years the exports of Bangladesh to Bolivia have increased at an annualized rate of 16.5%,  from $2.53M in 2016 to $5.42M in 2023.

In 2023, Bangladesh 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, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $68.8k to Bangladesh. The main products exported from Bolivia to Bangladesh were Other Oily Seeds ($68.8k). During the last 7 years the exports of Bolivia to Bangladesh have decreased at an annualized rate of 26.1%, from $569k in 2016 to $68.8k in 2023.

In 2018, 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 2023 to $5.42M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Bangladesh
Top Destination
United States$8.58B

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

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

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

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

Comparative Advantage Bolivia - Bangladesh

Flow
Scale

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

During 2023, Bolivia had a large net trade with Bangladesh in the exports of Vegetable Products ($68.8k).

During 2018, Bangladesh had a large net trade with Bolivia in the exports of Textiles ($3.14M), Footwear and Headwear ($1.44M), and Chemical Products ($491k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Bangladesh+$90.5kOther Oily Seeds
Top Product Potential Bangladesh Bolivia+$781kKnit T-shirts

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 Bangladesh. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Bolivia.

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

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