2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH
-50.6%CURRENT US$
Rnk 186 / 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
$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH
-57.4%CURRENT US$
Rnk 185 / 186

About

Bolivia-Libya Trade: In 2022, Bolivia exported $636k to Libya. The main products that Bolivia exported to Libya were Coconuts, Brazil Nuts, and Cashews ($260k), Ground Nuts ($181k), and Stone Processing Machines ($171k). Over the past 14 years the exports of Bolivia to Libya have increased at an annualized rate of 36.4%, from $8.25k in 2008 to $636k in 2022.

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

Libya-Bolivia Trade: In 2022, Libya exported $45 to Bolivia. The main products that Libya exported to Bolivia were Low-voltage Protection Equipment ($45). Over the past 14 years the exports of Libya to Bolivia have increased at an annualized rate of 11.3%,  from $10 in 2008 to $45 in 2022.

In 2022, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $636k to Libya. The main products exported from Bolivia to Libya were Coconuts, Brazil Nuts, and Cashews ($260k), Ground Nuts ($181k), and Stone Processing Machines ($171k). During the last 14 years the exports of Bolivia to Libya have increased at an annualized rate of 36.4%, from $8.25k in 2008 to $636k in 2022.

In 2017, Libya exported $45 to Bolivia. The main products exported from Libya to Bolivia were Low-voltage Protection Equipment ($45). During the last 5 years the exports of Libya to Bolivia have increased at an annualized rate of 11.3%, from $10 in 2022 to $45 in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Libya
Top Destination
Italy$9.26B

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

In 2022, countries that imported more from Bolivia than Libya included Brazil ($1.89B), Argentina ($1.76B), and India ($2.27B).

In 2022, countries that imported more from Libya than Bolivia included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

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

Comparative Advantage Bolivia - Libya

Flow
Scale

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

During 2022, Bolivia had a large net trade with Libya in the exports of Vegetable Products ($441k), Machines ($171k), and Metals ($15.3k).

During 2017, Libya had a large net trade with Bolivia in the exports of Machines ($45).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Libya+$102kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Libya Bolivia+$3.66kRefined 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 Libya. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Bolivia.

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

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