2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 146 / 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
$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH
11.5%CURRENT US$
Rnk 129 / 195

About

Bolivia-Denmark Trade: In 2023, Bolivia exported $1.78M to Denmark. The main products that Bolivia exported to Denmark were Shaped Wood ($399k), Knit Sweaters ($251k), and Other Oily Seeds ($234k). Over the past 5 years the exports of Bolivia to Denmark have decreased at an annualized rate of 3.13%, from $2.09M in 2018 to $1.78M in 2023.

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

Denmark-Bolivia Trade: In 2023, Denmark exported $15.1M to Bolivia. The main products that Denmark exported to Bolivia were Industrial Fatty Acids, Oils and Alcohols ($2.95M), Enzymes ($1.57M), and Centrifuges ($1.01M). Over the past 5 years the exports of Denmark to Bolivia have decreased at an annualized rate of 9.55%,  from $24.9M in 2018 to $15.1M in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $1.78M to Denmark. The main products exported from Bolivia to Denmark were Shaped Wood ($399k), Knit Sweaters ($251k), and Other Oily Seeds ($234k). During the last 5 years the exports of Bolivia to Denmark have decreased at an annualized rate of 3.13%, from $2.09M in 2018 to $1.78M in 2023.

In 2018, Denmark exported $15.1M to Bolivia. The main products exported from Denmark to Bolivia were Industrial Fatty Acids, Oils and Alcohols ($2.95M), Enzymes ($1.57M), and Centrifuges ($1.01M). During the last 5 years the exports of Denmark to Bolivia have decreased at an annualized rate of 9.55%, from $24.9M in 2023 to $15.1M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Denmark
Top Destination
Germany$14.8B

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

In 2023, countries that imported more from Bolivia than Denmark included Argentina ($1.15B), Peru ($622M), and Colombia ($687M).

In 2023, countries that imported more from Denmark than Bolivia included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

Comparative Advantage Bolivia - Denmark

Flow
Scale

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

During 2023, Bolivia had a large net trade with Denmark in the exports of Vegetable Products ($439k), Textiles ($433k), and Wood Products ($400k).

During 2018, Denmark had a large net trade with Bolivia in the exports of Chemical Products ($5.37M), Machines ($4.67M), and Instruments ($1.66M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Denmark+$198kShaped Wood
Top Product Potential Denmark Bolivia+$1.07MPackaged Medicaments

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

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

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