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2023
Flag → Flag
Exports $12.2MRnk 31 / 136
2023
Flag → Flag
Top Product $11.8MCarbonates
2023
Flag → Flag
Exports $55.5MRnk 87 / 137
2023
Flag → Flag
Top Product $21.5MAsphalt Mixtures
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
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GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
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 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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GDP PC $3,686CURRENT US$
Rnk 135 / 195
2013-2023
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GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195
2023
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GDP PC$13,817CURRENT US$
Rnk 74 / 196
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Bolivia-Russia Trade: In 2023, Bolivia exported $12.2M to Russia. The main products that Bolivia exported to Russia were Carbonates ($11.8M), Coconuts, Brazil Nuts, and Cashews ($249k), and Edible Offal ($187k). Over the past 5 years the exports of Bolivia to Russia have increased at an annualized rate of 7.29%, from $8.6M in 2018 to $12.2M in 2023.

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

Russia-Bolivia Trade: In 2023, Russia exported $55.5M to Bolivia. The main products that Russia exported to Bolivia were Asphalt Mixtures ($21.5M), Nuclear Reactors ($13.7M), and Other Electrical Machinery ($8.59M). Over the past 5 years the exports of Russia to Bolivia have decreased at an annualized rate of 4.44%,  from $69.6M in 2018 to $55.5M in 2023.

In 2020, Russia exported services to Bolivia worth $2.05M, with Construction services ($1.67M), Transportation ($208k), and Computer and information services ($96k) being the largest in terms of value.

Comparison: In 2023,  Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $8.29M and imported $4.98M from Russia, resulting in a positive trade balance of $3.31M. Between December 2022 and December 2023 the exports of Bolivia have increased by $7.74M (1.41k%) from $550k to $8.29M, while imports increased by $1.59M (47.1%) from $3.38M to $4.98M.

Trade In December 2023, the top exports of Bolivia to Russia were Carbonates; peroxocarbonates (percarbonates); commercial ammonium carbonate... ($3.75M) and Edible offal of bovine animals, swine,... ($158k). In December 2023 the top imports of Bolivia from Russia were Electrical machines and apparatus, having individual... ($3.31M), Petroleum bitumen, petroleum coke and bituminous... ($2.55M), Mineral or chemical fertilizers, phosphatic ($56.9k), Nickel and nickel alloys, unwrought (excluding... ($46.3k), and Other veneered panels and similar laminated... ($36.7k).

Origins In December 2023 the exports of Bolivia were mainly from Potosí ($8.04M) and Cochabamba ($249k), while imports destinations were mainly La Paz ($3.03M), Tarija ($1.38M), Santa Cruz ($556k), Oruro ($6.52k), and Cochabamba ($48).

Growth In December 2023, the increase in Bolivia's year-by-year exports to Russia was explained primarily by an increase in product exports in . In December 2023, the increase in Bolivia's year-by-year imports  from Russia was explained primarily by an increase in product imports  in Petroleum bitumen, petroleum coke and bituminous... ($751k or 41.7%), Lathes for removing metal (other than... ($8.37k or 113%), and Tapered roller bearings (including cone and... ($381 or 307%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$7.74M(1.41k%)
IMPORT GROWTH (December 2022 - December 2023)$1.59M(47.1%)
MAIN EXPORTER (December 2023)Potosí$8.04M

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 Russia and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $12.2M to Russia. The main products exported from Bolivia to Russia were Carbonates ($11.8M), Coconuts, Brazil Nuts, and Cashews ($249k), and Edible Offal ($187k). During the last 5 years the exports of Bolivia to Russia have increased at an annualized rate of 7.29%, from $8.6M in 2018 to $12.2M in 2023.

In 2018, Russia exported $55.5M to Bolivia. The main products exported from Russia to Bolivia were Asphalt Mixtures ($21.5M), Nuclear Reactors ($13.7M), and Other Electrical Machinery ($8.59M). During the last 5 years the exports of Russia to Bolivia have decreased at an annualized rate of 4.44%, from $69.6M in 2023 to $55.5M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Bolivia than Russia included Argentina ($1.15B), South Korea ($404M), and Colombia ($687M).

In 2023, countries that imported more from Russia than Bolivia included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Bolivia - Russia

Flow
Scale

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

During 2023, Bolivia had a large net trade with Russia in the exports of Chemical Products ($11.8M), Vegetable Products ($249k), and Animal Products ($187k).

During 2018, Russia had a large net trade with Bolivia in the exports of Machines ($22.5M), Mineral Products ($22M), and Chemical Products ($8.21M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Russia+$2.36MFrozen Bovine Meat
Top Product Potential Russia Bolivia+$33.5MRefined 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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Bilateral Service Trade

In 2020, Russia exported services to Bolivia worth $2.05M, with Construction services ($1.67M), Transportation ($208k), and Computer and information services ($96k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Bolivia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bolivia and Russia. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Bolivia.

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

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