2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 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
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

Bolivia-Portugal Trade: In 2022, Bolivia exported $4.73M to Portugal. The main products that Bolivia exported to Portugal were Plywood ($1.26M), Veneer Sheets ($1.04M), and Tanned Equine and Bovine Hides ($829k). Over the past 5 years the exports of Bolivia to Portugal have increased at an annualized rate of 22.1%, from $1.74M in 2017 to $4.73M in 2022.

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

Portugal-Bolivia Trade: In 2022, Portugal exported $8M to Bolivia. The main products that Portugal exported to Bolivia were Other Heating Machinery ($668k), Electric Generating Sets ($485k), and Hat Shapes ($392k). Over the past 5 years the exports of Portugal to Bolivia have decreased at an annualized rate of 1.62%,  from $10.2M in 2017 to $8M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $4.73M to Portugal. The main products exported from Bolivia to Portugal were Plywood ($1.26M), Veneer Sheets ($1.04M), and Tanned Equine and Bovine Hides ($829k). During the last 5 years the exports of Bolivia to Portugal have increased at an annualized rate of 22.1%, from $1.74M in 2017 to $4.73M in 2022.

In 2017, Portugal exported $8M to Bolivia. The main products exported from Portugal to Bolivia were Other Heating Machinery ($668k), Electric Generating Sets ($485k), and Hat Shapes ($392k). During the last 5 years the exports of Portugal to Bolivia have decreased at an annualized rate of 1.62%, from $10.2M in 2022 to $8M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Portugal
Top Destination
Spain$20.5B

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

In 2022, countries that imported more from Bolivia than Portugal included India ($2.27B), Argentina ($1.76B), and Colombia ($1.06B).

In 2022, countries that imported more from Portugal than Bolivia included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Bolivia - Portugal

Flow
Scale

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

During 2022, Bolivia had a large net trade with Portugal in the exports of Wood Products ($2.77M), Animal Hides ($829k), and Animal and Vegetable Bi-Products ($589k).

During 2017, Portugal had a large net trade with Bolivia in the exports of Machines ($2.47M), Metals ($1.34M), and Stone And Glass ($824k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Portugal+$220kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Portugal Bolivia+$593kPackaged Medicaments

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

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

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