2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 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
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Bolivia-Italy Trade: In 2022, Bolivia exported $185M to Italy. The main products that Bolivia exported to Italy were Gold ($88M), Jewellery ($76.5M), and Tanned Equine and Bovine Hides ($5.73M). Over the past 5 years the exports of Bolivia to Italy have increased at an annualized rate of 34.6%, from $41.9M in 2017 to $185M in 2022.

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

Italy-Bolivia Trade: In 2022, Italy exported $97.4M to Bolivia. The main products that Italy exported to Bolivia were Machinery Having Individual Functions ($9.55M), Other Paper Machinery ($6.09M), and Gas Turbines ($4.06M). Over the past 5 years the exports of Italy to Bolivia have decreased at an annualized rate of 8.67%,  from $153M in 2017 to $97.4M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $185M to Italy. The main products exported from Bolivia to Italy were Gold ($88M), Jewellery ($76.5M), and Tanned Equine and Bovine Hides ($5.73M). During the last 5 years the exports of Bolivia to Italy have increased at an annualized rate of 34.6%, from $41.9M in 2017 to $185M in 2022.

In 2017, Italy exported $97.4M to Bolivia. The main products exported from Italy to Bolivia were Machinery Having Individual Functions ($9.55M), Other Paper Machinery ($6.09M), and Gas Turbines ($4.06M). During the last 5 years the exports of Italy to Bolivia have decreased at an annualized rate of 8.67%, from $153M in 2022 to $97.4M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Italy
Top Destination
Germany$78.5B

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

In 2022, countries that imported more from Bolivia than Italy included Argentina ($1.76B) and Peru ($885M).

In 2022, countries that imported more from Italy than Bolivia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Bolivia - Italy

Flow
Scale

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

During 2022, Bolivia had a large net trade with Italy in the exports of Precious Metals ($164M), Animal Hides ($6.08M), and Vegetable Products ($3.83M).

During 2017, Italy had a large net trade with Bolivia in the exports of Machines ($63M), Instruments ($6.55M), and Transportation ($5.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Italy+$40.1MGold
Top Product Potential Italy Bolivia+$3.49MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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