Flag Bolivia / Colombia Flag

Exports FlagFlag  (2018): $472M, Rnk 7 / 122

Top Product FlagFlag (2018): $220M, Soybean Meal

Exports FlagFlag (2018): $169M, Rnk 37 / 184

Top Product FlagFlag (2018): $15.6M, Propylene Polymers

Economic Complexity of Flag (2018): ECI -0.89, Rnk 108 / 137

Economic Complexity of Flag (2018): ECI 0.23, Rnk 56 / 137

GDP Flag (2018): $40.3B, CURRENT US$
Rnk 95 / 196

GDP GROWTH Flag (2008-2018): 142%, CURRENT US$
Rnk 12 / 196

GDP Flag (2018): $331B, CURRENT US$
Rnk 37 / 196

GDP GROWTH Flag (2008-2018): 37%, CURRENT US$
Rnk 103 / 196

GDP PC Flag (2018): $3,549, CURRENT US$
Rnk 129 / 196

GDP PC GROWTH Flag (2008-2018): 107%, CURRENT US$
Rnk 13 / 196

GDP PC Flag (2018): $6,668, CURRENT US$
Rnk 96 / 196

GDP PC GROWTH Flag (2008-2018): 22.1%, CURRENT US$
Rnk 101 / 196

Bolivia-Colombia: In 2018, Bolivia exported $472M to Colombia. The main products exported from Bolivia to Colombia were Soybean Meal ($220M), Soybean Oil ($167M), and Raw Sugar ($21.8M). During the last 23 years the exports of Bolivia to Colombia have increased at an annualized rate of 8.93%, from $66M in 1995 to $472M in 2018.

Colombia-Bolivia: In 2018, Colombia exported $169M to Bolivia. The main products exported from Colombia to Bolivia were Propylene Polymers ($15.6M), Cars ($12.9M), and Toilet Paper ($10.8M). During the last 23 years the exports of Colombia to Bolivia have increased at an annualized rate of 8.25%, from $27.2M in 1995 to $169M in 2018.

Comparison: In 2018, Bolivia ranked 108 in the Economic Complexity Index (ECI -0.89), and 90 in total exports ($9.42B). That same year, Colombia ranked 56 in the Economic Complexity Index (ECI 0.23), and 55 in total exports ($43.2B). In terms of GDP Per Capita, Bolivia was ranked 129 with a GDP Per Capita of $3,549, and Colombia was ranked 96 with a GDP Per Capita of $6,668.

Bilateral Trade by Products

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Depth
Value

In 2018, Bolivia exported $472M to Colombia. The main products exported from Bolivia to Colombia were Soybean Meal ($220M), Soybean Oil ($167M), and Raw Sugar ($21.8M). During the last 23 years the exports of Bolivia to Colombia have increased at an annualized rate of 8.93%, from $66M in 1995 to $472M in 2018.

In 2018, Colombia exported $169M to Bolivia. The main products exported from Colombia to Bolivia were Propylene Polymers ($15.6M), Cars ($12.9M), and Toilet Paper ($10.8M). During the last 23 years the exports of Colombia to Bolivia have increased at an annualized rate of 8.25%, from $27.2M in 1995 to $169M in 2018.

Market Competitiveness

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Measure

Bolivia
Top Destination
: Brazil, $1.72B

Colombia
Top Destination
: United States, $11.5B

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

In 2018, countries that imported more from Bolivia than Colombia were Argentina ($1.45B), United Arab Emirates ($362M), and Japan ($672M).

In 2018, countries that imported more from Colombia than Bolivia were United States ($11.5B), China ($4.07B), and Panama ($3.07B).

Comparative Advantage Bolivia - Colombia

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Depth

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

During 2018, Bolivia had a large net trade with Colombia in the exports of Foodstuffs ($251M), Animal and Vegetable Bi-Products ($190M), and Animal Products ($9.15M).

During 2018, Colombia had a large net trade with Bolivia in the exports of Chemical Products ($30.7M), Machines ($28.4M), and Plastics and Rubbers ($27.7M).

Trade Forecasts

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This section shows a forecast for total trade between Bolivia and Colombia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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 Bolivia has comparative advantage over Colombia. Similarly, the more red a dot/product is, the more Colombia has comparative advantage over Bolivia.