2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH
88.1%CURRENT US$
Rnk 21 / 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
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
Rnk 18 / 186

About

Bolivia-Nepal Trade: In 2022, Bolivia exported $95 to Nepal. The main products that Bolivia exported to Nepal were Industrial Fatty Acids, Oils and Alcohols ($55), Knit Socks and Hosiery ($29), and Non-Retail Synthetic Staple Fibers Yarn ($11). Over the past 7 years the exports of Bolivia to Nepal have increased at an annualized rate of 25.8%, from $19 in 2015 to $95 in 2022.

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

Nepal-Bolivia Trade: In 2022, Nepal exported $1.93k to Bolivia. The main products that Nepal exported to Bolivia were Trunks and Cases ($877), Packing Bags ($819), and Percussion ($188). Over the past 7 years the exports of Nepal to Bolivia have decreased at an annualized rate of 22.5%,  from $6.91k in 2015 to $1.93k in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $95 to Nepal. The main products exported from Bolivia to Nepal were Industrial Fatty Acids, Oils and Alcohols ($55), Knit Socks and Hosiery ($29), and Non-Retail Synthetic Staple Fibers Yarn ($11). During the last 7 years the exports of Bolivia to Nepal have increased at an annualized rate of 25.8%, from $19 in 2015 to $95 in 2022.

In 2017, Nepal exported $1.93k to Bolivia. The main products exported from Nepal to Bolivia were Trunks and Cases ($877), Packing Bags ($819), and Percussion ($188). During the last 5 years the exports of Nepal to Bolivia have decreased at an annualized rate of 22.5%, from $6.91k in 2022 to $1.93k in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Nepal
Top Destination
India$956M

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

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

In 2022, countries that imported more from Nepal than Bolivia included Singapore ($25.5M), Central African Republic ($8.88M), and Denmark ($8.07M).

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

Comparative Advantage Bolivia - Nepal

Flow
Scale

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

During 2022, Bolivia had a large net trade with Nepal in the exports of Chemical Products ($55) and Textiles ($40).

During 2017, Nepal had a large net trade with Bolivia in the exports of Animal Hides ($877), Textiles ($819), and Instruments ($188).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Nepal+$4.18kPetroleum Gas
Top Product Potential Nepal Bolivia+$3.94kTrunks and Cases

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

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

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