2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH
127%CURRENT US$
Rnk 7 / 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
$103,888CURRENT US$
Rnk 4 / 196
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195

About

Bolivia-Ireland Trade: In 2023, Bolivia exported $519k to Ireland. The main products that Bolivia exported to Ireland were Coconuts, Brazil Nuts, and Cashews ($148k), Borax ($85k), and Buckwheat ($79.7k). Over the past 5 years the exports of Bolivia to Ireland have decreased at an annualized rate of 11.2%, from $939k in 2018 to $519k in 2023.

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

Ireland-Bolivia Trade: In 2023, Ireland exported $2.93M to Bolivia. The main products that Ireland exported to Bolivia were Packaged Medicaments ($415k), Orthopedic Appliances ($346k), and Air Conditioners ($332k). Over the past 5 years the exports of Ireland to Bolivia have decreased at an annualized rate of 2.53%,  from $3.51M in 2018 to $2.93M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $519k to Ireland. The main products exported from Bolivia to Ireland were Coconuts, Brazil Nuts, and Cashews ($148k), Borax ($85k), and Buckwheat ($79.7k). During the last 5 years the exports of Bolivia to Ireland have decreased at an annualized rate of 11.2%, from $939k in 2018 to $519k in 2023.

In 2018, Ireland exported $2.93M to Bolivia. The main products exported from Ireland to Bolivia were Packaged Medicaments ($415k), Orthopedic Appliances ($346k), and Air Conditioners ($332k). During the last 5 years the exports of Ireland to Bolivia have decreased at an annualized rate of 2.53%, from $3.51M in 2023 to $2.93M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Ireland
Top Destination
United States$67.4B

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

In 2023, countries that imported more from Bolivia than Ireland included Argentina ($1.15B), India ($1.33B), and Peru ($622M).

In 2023, countries that imported more from Ireland than Bolivia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Bolivia - Ireland

Flow
Scale

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

During 2023, Bolivia had a large net trade with Ireland in the exports of Vegetable Products ($350k), Mineral Products ($85k), and Miscellaneous ($54k).

During 2018, Ireland had a large net trade with Bolivia in the exports of Machines ($955k), Instruments ($645k), and Chemical Products ($576k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Ireland+$215kCoffee
Top Product Potential Ireland Bolivia+$1.39MPackaged 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 Ireland. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Bolivia.

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

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