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2022
Flag → Flag
Exports $25.9MRnk 27 / 146
2022
Flag → Flag
Top Product $22.3MZinc Ore
2022
Flag → Flag
Exports $9.06MRnk 111 / 207
2022
Flag → Flag
Top Product $1.54MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag  
GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
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GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $3,523CURRENT US$
Rnk 128 / 186
2012-2022
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GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Bolivia-Finland Trade: In 2022, Bolivia exported $25.9M to Finland. The main products that Bolivia exported to Finland were Zinc Ore ($22.3M), Precious Metal Ore ($2.62M), and Coconuts, Brazil Nuts, and Cashews ($526k). Over the past 5 years the exports of Bolivia to Finland have decreased at an annualized rate of 4.02%, from $31.8M in 2017 to $25.9M in 2022.

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

Finland-Bolivia Trade: In 2022, Finland exported $9.06M to Bolivia. The main products that Finland exported to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($1.54M), Ethylene Polymers ($1.35M), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($901k). Over the past 5 years the exports of Finland to Bolivia have increased at an annualized rate of 2.05%,  from $8.02M in 2017 to $9.06M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

November, 2023

About

Overview In November 2023, Bolivia exported $1.08k and imported $561k from Finland, resulting in a negative trade balance of $560k. Between November 2022 and November 2023 the exports of Bolivia have decreased by $-195k (-99.4%) from $196k to $1.08k, while imports decreased by $-271k (-32.6%) from $832k to $561k.

Trade In November 2023, the top exports of Bolivia to Finland were Edible nuts (excluding nuts chiefly used... ($247k). In November 2023 the top imports of Bolivia from Finland were Polyethylene ($101k), Other electric power machinery; parts of... ($84.9k), Parts, n.e.s, for the internal combustion... ($66k), Paper and paperboard, of a kind... ($56.2k), and Other plates, sheets, film, foil and... ($53.9k).

Origins In November 2023 the exports of Bolivia were mainly from N/A, while imports destinations were mainly Oruro ($315k), Santa Cruz ($184k), La Paz ($57.7k), and Potosí ($3.72k).

Growth In November 2023, the decrease in Bolivia's year-by-year exports to Finland was explained primarily by an decrease in product exports in . In December 2023, the decrease in Bolivia's year-by-year imports  from Finland was explained primarily by an decrease in product imports  in Polyethylene ($-226k or -69.1%), Apparatus based on the use of... ($-46.6k or -99.7%), and Gears and gearing (excluding toothed wheels,... ($-29.6k or -99.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2022 - November 2023)$-195k(-99.4%)
IMPORT GROWTH (December 2022 - December 2023)$-271k(-32.6%)

This section shows exports and imports data at subnational level for Bolivia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Bolivia over time.

To check Finland and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $25.9M to Finland. The main products exported from Bolivia to Finland were Zinc Ore ($22.3M), Precious Metal Ore ($2.62M), and Coconuts, Brazil Nuts, and Cashews ($526k). During the last 5 years the exports of Bolivia to Finland have decreased at an annualized rate of 4.02%, from $31.8M in 2017 to $25.9M in 2022.

In 2017, Finland exported $9.06M to Bolivia. The main products exported from Finland to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($1.54M), Ethylene Polymers ($1.35M), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($901k). During the last 5 years the exports of Finland to Bolivia have increased at an annualized rate of 2.05%, from $8.02M in 2022 to $9.06M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationIndia$2.27B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Bolivia than Finland included Argentina ($1.76B), India ($2.27B), and Colombia ($1.06B).

In 2022, countries that imported more from Finland than Bolivia included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Bolivia - Finland

Flow
Scale

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

During 2022, Bolivia had a large net trade with Finland in the exports of Mineral Products ($24.9M), Vegetable Products ($555k), and Chemical Products ($374k).

During 2017, Finland had a large net trade with Bolivia in the exports of Transportation ($2.28M), Plastics and Rubbers ($2.05M), and Machines ($1.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Finland+$2.76MPrecious Metal Ore
Top Product Potential Finland Bolivia+$714kDelivery 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 Finland. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Bolivia.

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

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