2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186

About

Bolivia-Hungary Trade: In 2022, Bolivia exported $49.9k to Hungary. The main products that Bolivia exported to Hungary were Broadcasting Equipment ($29.7k), Computers ($17.6k), and Trunks and Cases ($1.61k). Over the past 5 years the exports of Bolivia to Hungary have increased at an annualized rate of 45.3%, from $7.71k in 2017 to $49.9k in 2022.

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

Hungary-Bolivia Trade: In 2022, Hungary exported $19.9M to Bolivia. The main products that Hungary exported to Bolivia were Cars ($14.5M), Vaccines, blood, antisera, toxins and cultures ($1.22M), and Gas Turbines ($599k). Over the past 5 years the exports of Hungary to Bolivia have decreased at an annualized rate of 5.37%,  from $26.2M in 2017 to $19.9M in 2022.

In 2022, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $49.9k to Hungary. The main products exported from Bolivia to Hungary were Broadcasting Equipment ($29.7k), Computers ($17.6k), and Trunks and Cases ($1.61k). During the last 5 years the exports of Bolivia to Hungary have increased at an annualized rate of 45.3%, from $7.71k in 2017 to $49.9k in 2022.

In 2017, Hungary exported $19.9M to Bolivia. The main products exported from Hungary to Bolivia were Cars ($14.5M), Vaccines, blood, antisera, toxins and cultures ($1.22M), and Gas Turbines ($599k). During the last 5 years the exports of Hungary to Bolivia have decreased at an annualized rate of 5.37%, from $26.2M in 2022 to $19.9M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Hungary
Top Destination
Germany$35.5B

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

In 2022, countries that imported more from Bolivia than Hungary included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

In 2022, countries that imported more from Hungary than Bolivia included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

Comparative Advantage Bolivia - Hungary

Flow
Scale

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

During 2022, Bolivia had a large net trade with Hungary in the exports of Machines ($47.2k), Animal Hides ($1.86k), and Textiles ($661).

During 2017, Hungary had a large net trade with Bolivia in the exports of Transportation ($14.9M), Machines ($1.69M), and Chemical Products ($1.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Hungary+$90.2kTelephones
Top Product Potential Hungary Bolivia+$5.29MCars

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

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

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