2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 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
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186

About

Bolivia-Kuwait Trade: In 2022, Bolivia exported $871k to Kuwait. The main products that Bolivia exported to Kuwait were Other Nuts ($165k), Other Oily Seeds ($157k), and Soybean Oil ($113k). Over the past 5 years the exports of Bolivia to Kuwait have increased at an annualized rate of 17.1%, from $395k in 2017 to $871k in 2022.

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

Kuwait-Bolivia Trade: In 2022, Kuwait exported $340 to Bolivia. The main products that Kuwait exported to Bolivia were Other Electrical Machinery ($340). Over the past 5 years the exports of Kuwait to Bolivia have decreased at an annualized rate of 60.9%,  from $37.4k in 2017 to $340 in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $871k to Kuwait. The main products exported from Bolivia to Kuwait were Other Nuts ($165k), Other Oily Seeds ($157k), and Soybean Oil ($113k). During the last 5 years the exports of Bolivia to Kuwait have increased at an annualized rate of 17.1%, from $395k in 2017 to $871k in 2022.

In 2017, Kuwait exported $340 to Bolivia. The main products exported from Kuwait to Bolivia were Other Electrical Machinery ($340). During the last 5 years the exports of Kuwait to Bolivia have decreased at an annualized rate of 60.9%, from $37.4k in 2022 to $340 in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Kuwait
Top Destination
China$24.3B

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

In 2022, countries that imported more from Bolivia than Kuwait included Argentina ($1.76B), Brazil ($1.89B), and Colombia ($1.06B).

In 2022, countries that imported more from Kuwait than Bolivia included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Bolivia - Kuwait

Flow
Scale

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

During 2022, Bolivia had a large net trade with Kuwait in the exports of Vegetable Products ($576k), Foodstuffs ($150k), and Animal and Vegetable Bi-Products ($113k).

During 2017, Kuwait had a large net trade with Bolivia in the exports of Machines ($340).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Kuwait+$234kSoybean Oil
Top Product Potential Kuwait Bolivia+$5.82kRefined 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 Kuwait. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Bolivia.

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

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