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2023
Flag → Flag
Exports $1.33BRnk 2 / 136
2023
Flag → Flag
Top Product $1.31BGold
2023
Flag → Flag
Exports $217MRnk 122 / 220
2023
Flag → Flag
Top Product $73.5MCars
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
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Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
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GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
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 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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GDP PC $3,686CURRENT US$
Rnk 135 / 195
2013-2023
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GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195
2023
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GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Bolivia-India Trade: In 2023, Bolivia exported $1.33B to India. The main products that Bolivia exported to India were Gold ($1.31B), Precious Metal Ore ($5.75M), and Soybean Oil ($4.5M). Over the past 5 years the exports of Bolivia to India have increased at an annualized rate of 12.3%, from $745M in 2018 to $1.33B in 2023.

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

India-Bolivia Trade: In 2023, India exported $217M to Bolivia. The main products that India exported to Bolivia were Cars ($73.5M), Packaged Medicaments ($26.7M), and Motorcycles and cycles ($19.5M). Over the past 5 years the exports of India to Bolivia have increased at an annualized rate of 6.61%,  from $157M in 2018 to $217M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $39.1M and imported $17.2M from India, resulting in a positive trade balance of $21.8M. Between December 2022 and December 2023 the exports of Bolivia have increased by $14.1M (56.3%) from $25M to $39.1M, while imports decreased by $-7.12M (-29.2%) from $24.4M to $17.2M.

Trade In December 2023, the top exports of Bolivia to India were Gold, non-monetary (excluding gold ores and... ($388k), Ores and concentrates of other non-ferrous... ($94.1k), and Other non-ferrous base metal waste and... ($5.46k). In December 2023 the top imports of Bolivia from India were Motor vehicles for the transport of... ($2.93M), Other office machines (e.g., hectograph or... ($1.76M), Wheeled tractors (other than those of... ($1.64M), Motor cycles (including mopeds) and cycles... ($1.59M), and Vehicles specially designed for travelling on... ($1.18M).

Origins In December 2023 the exports of Bolivia were mainly from La Paz ($17.5M), Beni ($8.35M), Santa Cruz ($6.1M), Oruro ($4.12M), and Cochabamba ($2.41M), while imports destinations were mainly Santa Cruz ($8.16M), Oruro ($4.58M), La Paz ($3.35M), Cochabamba ($770k), and Chuquisaca ($343k).

Growth In December 2023, the increase in Bolivia's year-by-year exports to India was explained primarily by an increase in product exports in . In December 2023, the decrease in Bolivia's year-by-year imports  from India was explained primarily by an decrease in product imports  in Medicaments, n.e.s. ($-2.48M or -71.3%), Other heterocyclic compounds; nucleic acids ($-384k or -83.5%), and Insecticides put up in forms or... ($-364k or -57.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$14.1M(56.3%)
IMPORT GROWTH (December 2022 - December 2023)$-7.12M(-29.2%)
MAIN EXPORTER (December 2023)La Paz$17.5M

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 India and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $1.33B to India. The main products exported from Bolivia to India were Gold ($1.31B), Precious Metal Ore ($5.75M), and Soybean Oil ($4.5M). During the last 5 years the exports of Bolivia to India have increased at an annualized rate of 12.3%, from $745M in 2018 to $1.33B in 2023.

In 2018, India exported $217M to Bolivia. The main products exported from India to Bolivia were Cars ($73.5M), Packaged Medicaments ($26.7M), and Motorcycles and cycles ($19.5M). During the last 5 years the exports of India to Bolivia have increased at an annualized rate of 6.61%, from $157M in 2023 to $217M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
India
Top DestinationUnited States$85.5B

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

In 2023, no countries were registered that imported more from Bolivia than from India.

In 2023, countries that imported more from India than Bolivia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Bolivia - India

Flow
Scale

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

During 2023, Bolivia had a large net trade with India in the exports of Precious Metals ($1.31B), Mineral Products ($10.8M), and Animal and Vegetable Bi-Products ($6.8M).

During 2018, India had a large net trade with Bolivia in the exports of Transportation ($104M), Chemical Products ($51.6M), and Machines ($23.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia India+$3.91MPrecious Metal Ore
Top Product Potential India Bolivia+$18.3MRefined Petroleum

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

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

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