2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 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
$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195

About

Bolivia-Italy Trade: In 2023, Bolivia exported $29.8M to Italy. The main products that Bolivia exported to Italy were Raw Tin ($11.4M), Tanned Equine and Bovine Hides ($4.41M), and Inorganic Salts ($2.21M). Over the past 5 years the exports of Bolivia to Italy have decreased at an annualized rate of 6.57%, from $41.8M in 2018 to $29.8M in 2023.

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

Italy-Bolivia Trade: In 2023, Italy exported $109M to Bolivia. The main products that Italy exported to Bolivia were Machinery Having Individual Functions ($17.7M), Gas Turbines ($5.76M), and Rubberworking Machinery ($4.67M). Over the past 5 years the exports of Italy to Bolivia have decreased at an annualized rate of 9.41%,  from $178M in 2018 to $109M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $29.8M to Italy. The main products exported from Bolivia to Italy were Raw Tin ($11.4M), Tanned Equine and Bovine Hides ($4.41M), and Inorganic Salts ($2.21M). During the last 5 years the exports of Bolivia to Italy have decreased at an annualized rate of 6.57%, from $41.8M in 2018 to $29.8M in 2023.

In 2018, Italy exported $109M to Bolivia. The main products exported from Italy to Bolivia were Machinery Having Individual Functions ($17.7M), Gas Turbines ($5.76M), and Rubberworking Machinery ($4.67M). During the last 5 years the exports of Italy to Bolivia have decreased at an annualized rate of 9.41%, from $178M in 2023 to $109M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Italy
Top Destination
Germany$71.4B

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

In 2023, countries that imported more from Italy than Bolivia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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 2023, Bolivia had a large net trade with Italy in the exports of Metals ($11.4M), Animal Hides ($4.86M), and Vegetable Products ($3.72M).

During 2018, Italy had a large net trade with Bolivia in the exports of Machines ($75.4M), Chemical Products ($6.19M), and Instruments ($5.79M).

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) (2023)

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