2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
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GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
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 GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
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GDP PC
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186

About

Bolivia-Spain Trade: In 2022, Bolivia exported $164M to Spain. The main products that Bolivia exported to Spain were Zinc Ore ($116M), Precious Metal Ore ($14.6M), and Refined Petroleum ($13.6M). Over the past 5 years the exports of Bolivia to Spain have increased at an annualized rate of 3.14%, from $141M in 2017 to $164M in 2022.

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

Spain-Bolivia Trade: In 2022, Spain exported $126M to Bolivia. The main products that Spain exported to Bolivia were Electric Generating Sets ($7.69M), Lifting Machinery ($5.1M), and Electric Motors ($4.91M). Over the past 5 years the exports of Spain to Bolivia have decreased at an annualized rate of 6.96%,  from $181M in 2017 to $126M in 2022.

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

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $164M to Spain. The main products exported from Bolivia to Spain were Zinc Ore ($116M), Precious Metal Ore ($14.6M), and Refined Petroleum ($13.6M). During the last 5 years the exports of Bolivia to Spain have increased at an annualized rate of 3.14%, from $141M in 2017 to $164M in 2022.

In 2017, Spain exported $126M to Bolivia. The main products exported from Spain to Bolivia were Electric Generating Sets ($7.69M), Lifting Machinery ($5.1M), and Electric Motors ($4.91M). During the last 5 years the exports of Spain to Bolivia have decreased at an annualized rate of 6.96%, from $181M in 2022 to $126M in 2017.

Exports from Bolivia (Flag) to Spain (Flag) (2022)

Exports from Spain (Flag) to Bolivia (Flag) (2022)

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Bolivia than Spain included Argentina ($1.76B) and Peru ($885M).

In 2022, countries that imported more from Spain than Bolivia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain (Flag) and Bolivia (Flag) (2022)

Comparative Advantage Bolivia - Spain

Flow
Scale

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

During 2022, Bolivia had a large net trade with Spain in the exports of Mineral Products ($145M), Vegetable Products ($10.2M), and Metals ($6.56M).

During 2017, Spain had a large net trade with Bolivia in the exports of Machines ($53.4M), Chemical Products ($22.2M), and Instruments ($8.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Spain+$4.99MRefined Petroleum
Top Product Potential Spain Bolivia+$3.51MCars

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

Product Space of Bolivia (Flag) and Spain (Flag) (2022)

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