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2020
Flag → Flag
Exports $502kRnk 73 / 0
2020
Flag → Flag
Exports $236kRnk 104 / 157
2020
Flag → Flag
Top Product $232kCloves
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Bolivia-Madagascar Trade: In 2020, Bolivia exported $502k to Madagascar. The main products that Bolivia exported to Madagascar were N/A. Over the past 7 years the exports of Bolivia to Madagascar have increased at an annualized rate of 137%, from $1.21k in 2013 to $502k in 2020.

In 2020, Bolivia did not export any services to Madagascar.

Madagascar-Bolivia Trade: In 2020, Madagascar exported $236k to Bolivia. The main products that Madagascar exported to Bolivia were Cloves ($232k), Non-Knit Men's Shirts ($3.64k), and Knit T-shirts ($120). Over the past 7 years the exports of Madagascar to Bolivia have increased at an annualized rate of 32.8%,  from $57.2k in 2013 to $236k in 2020.

In 2020, Madagascar 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, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

N/A

About

Overview In N/A, Bolivia exported $N/A and imported $N/A from Madagascar, 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 Madagascar were . In N/A the top imports of Bolivia from Madagascar were Spices (except pepper and pimento) ($24.6k) and Shirts ($23).

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

Latest Trade

Time Scale
Flow
Value

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 Madagascar and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Madagascar and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Bolivia exported $502k to Madagascar. There were not main exports from Bolivia to Madagascar in 2020. During the last 7 years the exports of Bolivia to Madagascar have increased at an annualized rate of 137%, from $1.21k in 2013 to $502k in 2020.

In 2017, Madagascar exported $236k to Bolivia. The main products exported from Madagascar to Bolivia were Cloves ($232k), Non-Knit Men's Shirts ($3.64k), and Knit T-shirts ($120). During the last 5 years the exports of Madagascar to Bolivia have increased at an annualized rate of 32.8%, from $57.2k in 2022 to $236k in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationIndia$2.27B
Madagascar
Top DestinationUnited States$756M

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

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

In 2022, countries that imported more from Madagascar than Bolivia included France ($634M), United States ($756M), and South Africa ($152M).

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

Comparative Advantage Bolivia - Madagascar

Flow
Scale

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

During 2020, Bolivia had a large net trade with Madagascar in the exports of .

During 2017, Madagascar had a large net trade with Bolivia in the exports of Vegetable Products ($232k) and Textiles ($3.77k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Madagascar+$2.35kSoybean Oil
Top Product Potential Madagascar Bolivia+$18.9kCloves

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

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

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