Bolivia (BOL) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Bolivia-Iceland Trade: In 2023, Bolivia exported $43k to Iceland. The main products that Bolivia exported to Iceland were Other Processed Fruits and Nuts ($15.2k), Other Oily Seeds ($6.69k), and Knitted Hats ($4.66k). Over the past 5 years the exports of Bolivia to Iceland have decreased at an annualized rate of 22.7%, from $156k in 2018 to $43k in 2023.

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

Iceland-Bolivia Trade: In 2023, Iceland exported $27.9k to Bolivia. The main products that Iceland exported to Bolivia were Industrial Printers ($13.2k), Scales ($5.05k), and Ink ($4.1k). Over the past 5 years the exports of Iceland to Bolivia have decreased at an annualized rate of 13.4%, from $57.3k in 2018 to $27.9k in 2023.

In 2023, Iceland 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, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

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Overview In N/A, Bolivia exported $N/A and imported $N/A from Iceland, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Bolivia have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Bolivia to Iceland were . In N/A the top imports of Bolivia from Iceland were Other electric power machinery; parts of... ($4), Insulated (including enamelled or anodized) wire,... ($4), and Registers, account-books, notebooks, order books, receipt... ($1).

Origins In N/A the exports of Bolivia were mainly from N/A, while imports destinations were mainly N/A.

Growth In N/A, the N/A in Bolivia's year-by-year exports to Iceland was explained primarily by an decrease in product exports in . In N/A, the N/A in Bolivia's year-by-year imports from Iceland was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

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 Iceland and Bolivia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bolivia exported $43k to Iceland. The main products exported from Bolivia to Iceland were Other Processed Fruits and Nuts ($15.2k), Other Oily Seeds ($6.69k), and Knitted Hats ($4.66k). During the last 5 years the exports of Bolivia to Iceland have decreased at an annualized rate of 22.7%, from $156k in 2018 to $43k in 2023.

In 2018, Iceland exported $27.9k to Bolivia. The main products exported from Iceland to Bolivia were Industrial Printers ($13.2k), Scales ($5.05k), and Ink ($4.1k). During the last 5 years the exports of Iceland to Bolivia have decreased at an annualized rate of 13.4%, from $57.3k in 2023 to $27.9k in 2018.

Exports from Bolivia () to Iceland () (2023)

Exports from Iceland () to Bolivia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bolivia
Top DestinationBrazil$1.54B

Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Bolivia than Iceland included Brazil ($1.54B), India ($1.33B), and Argentina ($1.15B).

In 2023, countries that imported more from Iceland than Bolivia included Netherlands ($1.97B), Germany ($771M), and United Kingdom ($607M).

Difference in imports from Iceland () and Bolivia () (2023)

Comparative Advantage Bolivia - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bolivia had a large net trade with Iceland in the exports of Foodstuffs ($20.8k), Vegetable Products ($16.9k), and Footwear and Headwear ($4.66k).

During 2018, Iceland had a large net trade with Bolivia in the exports of Machines ($18.9k), Chemical Products ($7.31k), and Metals ($1.54k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bolivia and Iceland. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Bolivia.

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Historical Data

Bilateral Trade by Products

Exports from Bolivia () to Iceland () (2023)

Exports from Iceland () to Bolivia () (2023)

Market Competitiveness

Difference in imports from Iceland () and Bolivia () (2023)

Comparative Advantage Bolivia - Iceland

Economic Complexity

Competitive Landscape

Product Space of Bolivia () and Iceland () (2023)

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