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Pricing

2023
Flag → Flag
Exports $14.5kRnk 117 / 136
2023
Flag → Flag
Top Product $11kTanned Equine and Bovine Hides
2023
Flag → Flag
Exports $18.7kRnk 148 / 159
2023
Flag → Flag
Top Product $18.6kPerfume Plants
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Bolivia-Nigeria Trade: In 2023, Bolivia exported $14.5k to Nigeria. The main products that Bolivia exported to Nigeria were Tanned Equine and Bovine Hides ($11k), Transmissions ($3.42k), and Knit T-shirts ($66). Over the past 5 years the exports of Bolivia to Nigeria have decreased at an annualized rate of 35%, from $125k in 2018 to $14.5k in 2023.

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

Nigeria-Bolivia Trade: In 2023, Nigeria exported $18.7k to Bolivia. The main products that Nigeria exported to Bolivia were Perfume Plants ($18.6k), Video and Card Games ($75), and Starches ($17). Over the past 5 years the exports of Nigeria to Bolivia have increased at an annualized rate of 66.2%,  from $1.47k in 2018 to $18.7k in 2023.

In 2023, Nigeria 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, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Latest Trends

N/A

About

Overview In N/A, Bolivia exported $N/A and imported $N/A from Nigeria, 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 Nigeria were . In N/A the top imports of Bolivia from Nigeria were .

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 Nigeria was explained primarily by an decrease in product exports in . In N/A, the N/A in Bolivia's year-by-year imports  from Nigeria 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 Nigeria and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $14.5k to Nigeria. The main products exported from Bolivia to Nigeria were Tanned Equine and Bovine Hides ($11k), Transmissions ($3.42k), and Knit T-shirts ($66). During the last 5 years the exports of Bolivia to Nigeria have decreased at an annualized rate of 35%, from $125k in 2018 to $14.5k in 2023.

In 2018, Nigeria exported $18.7k to Bolivia. The main products exported from Nigeria to Bolivia were Perfume Plants ($18.6k), Video and Card Games ($75), and Starches ($17). During the last 5 years the exports of Nigeria to Bolivia have increased at an annualized rate of 66.2%, from $1.47k in 2023 to $18.7k in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Bolivia than Nigeria included Argentina ($1.15B), Brazil ($1.54B), and Colombia ($687M).

In 2023, countries that imported more from Nigeria than Bolivia included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

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

Comparative Advantage Bolivia - Nigeria

Flow
Scale

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

During 2023, Bolivia had a large net trade with Nigeria in the exports of Animal Hides ($11k), Machines ($3.42k), and Textiles ($66).

During 2018, Nigeria had a large net trade with Bolivia in the exports of Vegetable Products ($18.6k) and Miscellaneous ($75).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Nigeria+$43.8kEquine and Bovine Hides
Top Product Potential Nigeria Bolivia+$20.2kMotor 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 Nigeria. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Nigeria. Similarly, a dot/product with the flag of Nigeria indicates it has a comparative advantage over Bolivia.

Product Space of Bolivia (Flag) and Nigeria (Flag) (2023)

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