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2023
Flag → Flag
Exports $7MRnk 40 / 136
2023
Flag → Flag
Top Product $5.85MSoybean Oil
2023
Flag → Flag
Exports $1.56MRnk 56 / 150
2023
Flag → Flag
Top Product $400kRubberworking Machinery
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.0012Rnk 63 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$34BCURRENT US$
Rnk 105 / 195
2013-2023
Flag
GDP GROWTH54.7%CURRENT US$
Rnk 65 / 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$5,391CURRENT US$
Rnk 120 / 196
2013-2023
Flag
GDP PC GROWTH50.5%CURRENT US$
Rnk 47 / 195

About

Bolivia-El Salvador Trade: In 2023, Bolivia exported $7M to El Salvador. The main products that Bolivia exported to El Salvador were Soybean Oil ($5.85M), Friction Material ($418k), and Plywood ($259k). Over the past 5 years the exports of Bolivia to El Salvador have increased at an annualized rate of 33.7%, from $1.64M in 2018 to $7M in 2023.

In 2023, Bolivia did not export any services to El Salvador.

El Salvador-Bolivia Trade: In 2023, El Salvador exported $1.56M to Bolivia. The main products that El Salvador exported to Bolivia were Rubberworking Machinery ($400k), Packaged Medicaments ($399k), and Vaccines, blood, antisera, toxins and cultures ($386k). Over the past 5 years the exports of El Salvador to Bolivia have increased at an annualized rate of 22.9%,  from $558k in 2018 to $1.56M in 2023.

In 2023, El Salvador 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, El Salvador ranked 63 in the Economic Complexity Index (ECI 0.0012), and 118 in total exports ($6.76B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $114k and imported $11.8k from El Salvador, resulting in a positive trade balance of $103k. Between December 2022 and December 2023 the exports of Bolivia have increased by $17.6k (18.1%) from $96.8k to $114k, while imports decreased by $-10.8k (-47.7%) from $22.6k to $11.8k.

Trade In December 2023, the top exports of Bolivia to El Salvador were Other veneered panels and similar laminated... ($19.2k) and Plywood consisting solely of sheets of... ($6.05k). In December 2023 the top imports of Bolivia from El Salvador were Medicaments containing antibiotics or derivatives thereof ($129k), Medicaments, n.e.s. ($27.4k), and T-shirts, singlets and other vests, knitted... ($4.38k).

Origins In December 2023 the exports of Bolivia were mainly from Santa Cruz ($114k), while imports destinations were mainly Tarija ($10.9k), Santa Cruz ($760), and La Paz ($147).

Growth In December 2023, the increase in Bolivia's year-by-year exports to El Salvador was explained primarily by an increase in product exports in . In December 2023, the decrease in Bolivia's year-by-year imports  from El Salvador was explained primarily by an decrease in product imports  in Medicaments containing antibiotics or derivatives thereof ($-22.4k or -14.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$17.6k(18.1%)
IMPORT GROWTH (December 2022 - December 2023)$-10.8k(-47.7%)
MAIN EXPORTER (December 2023)Santa Cruz$114k

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 El Salvador and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore El Salvador and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $7M to El Salvador. The main products exported from Bolivia to El Salvador were Soybean Oil ($5.85M), Friction Material ($418k), and Plywood ($259k). During the last 5 years the exports of Bolivia to El Salvador have increased at an annualized rate of 33.7%, from $1.64M in 2018 to $7M in 2023.

In 2018, El Salvador exported $1.56M to Bolivia. The main products exported from El Salvador to Bolivia were Rubberworking Machinery ($400k), Packaged Medicaments ($399k), and Vaccines, blood, antisera, toxins and cultures ($386k). During the last 5 years the exports of El Salvador to Bolivia have increased at an annualized rate of 22.9%, from $558k in 2023 to $1.56M in 2018.

Exports from Bolivia (Flag) to El Salvador (Flag) (2023)

Exports from El Salvador (Flag) to Bolivia (Flag) (2023)

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
El Salvador
Top DestinationUnited States$2.41B

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

In 2023, countries that imported more from Bolivia than El Salvador included Brazil ($1.54B), India ($1.33B), and China ($1.21B).

In 2023, countries that imported more from El Salvador than Bolivia included United States ($2.41B), Guatemala ($1.15B), and Honduras ($1.03B).

Difference in imports from El Salvador (Flag) and Bolivia (Flag) (2023)

Comparative Advantage Bolivia - El Salvador

Flow
Scale

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

During 2023, Bolivia had a large net trade with El Salvador in the exports of Animal and Vegetable Bi-Products ($5.85M), Stone And Glass ($433k), and Wood Products ($259k).

During 2018, El Salvador had a large net trade with Bolivia in the exports of Chemical Products ($878k), Machines ($454k), and Textiles ($98k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia El Salvador+$599kSoybean Oil
Top Product Potential El Salvador Bolivia+$536kPackaged 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 El Salvador. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over El Salvador. Similarly, a dot/product with the flag of El Salvador indicates it has a comparative advantage over Bolivia.

Product Space of Bolivia (Flag) and El Salvador (Flag) (2023)

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