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2023
Flag → Flag
Exports $62.2MRnk 21 / 136
2023
Flag → Flag
Top Product $30.3MGold
2023
Flag → Flag
Exports $63.1MRnk 141 / 216
2023
Flag → Flag
Top Product $26.3MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
GDP PC $3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195
2023
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GDP PC$13,106CURRENT US$
Rnk 77 / 196
2013-2023
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GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Bolivia-Turkey Trade: In 2023, Bolivia exported $62.2M to Turkey. The main products that Bolivia exported to Turkey were Gold ($30.3M), Soybean Meal ($19.6M), and Raw Tin ($10.1M). Over the past 5 years the exports of Bolivia to Turkey have decreased at an annualized rate of 10.5%, from $108M in 2018 to $62.2M in 2023.

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

Turkey-Bolivia Trade: In 2023, Turkey exported $63.1M to Bolivia. The main products that Turkey exported to Bolivia were Refined Petroleum ($26.3M), Iron Blocks ($4.34M), and Motor vehicles; parts and accessories (8701 to 8705) ($3.12M). Over the past 5 years the exports of Turkey to Bolivia have increased at an annualized rate of 0.51%,  from $61.5M in 2018 to $63.1M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $208k and imported $15.8M from Turkey, resulting in a negative trade balance of $15.6M. Between December 2022 and December 2023 the exports of Bolivia have decreased by $-24.4M (-99.2%) from $24.6M to $208k, while imports increased by $13M (456%) from $2.85M to $15.8M.

Trade In December 2023, the top exports of Bolivia to Turkey were Gold, non-monetary (excluding gold ores and... ($15.1M) and Bovine or equine hides and skins... ($51.1k). In December 2023 the top imports of Bolivia from Turkey were Other food-processing machinery, and parts thereof,... ($402k), Angles, shapes and sections (excluding rails)... ($283k), Parts, n.e.s, for the internal combustion... ($175k), Household-type refrigerators and food freezers (electrical... ($168k), and Other parts and accessories of the... ($132k).

Origins In December 2023 the exports of Bolivia were mainly from Santa Cruz ($115k) and Beni ($93.3k), while imports destinations were mainly Santa Cruz ($12.1M), Oruro ($2.14M), Cochabamba ($896k), La Paz ($670k), and Tarija ($11.5k).

Growth In December 2023, the decrease in Bolivia's year-by-year exports to Turkey was explained primarily by an decrease in product exports in . In December 2023, the increase in Bolivia's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Household-type refrigerators and food freezers (electrical... ($140k or 487%), Parts, n.e.s, for the internal combustion... ($124k or 244%), and Mechanical appliances (whether or not hand-operated)... ($75.7k or 7.55k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$-24.4M(-99.2%)
IMPORT GROWTH (December 2022 - December 2023)$13M(456%)
MAIN EXPORTER (December 2023)Santa Cruz$115k

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 Turkey and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $62.2M to Turkey. The main products exported from Bolivia to Turkey were Gold ($30.3M), Soybean Meal ($19.6M), and Raw Tin ($10.1M). During the last 5 years the exports of Bolivia to Turkey have decreased at an annualized rate of 10.5%, from $108M in 2018 to $62.2M in 2023.

In 2018, Turkey exported $63.1M to Bolivia. The main products exported from Turkey to Bolivia were Refined Petroleum ($26.3M), Iron Blocks ($4.34M), and Motor vehicles; parts and accessories (8701 to 8705) ($3.12M). During the last 5 years the exports of Turkey to Bolivia have increased at an annualized rate of 0.51%, from $61.5M in 2023 to $63.1M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Turkey
Top DestinationGermany$24.7B

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

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

In 2023, countries that imported more from Turkey than Bolivia included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Bolivia - Turkey

Flow
Scale

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

During 2023, Bolivia had a large net trade with Turkey in the exports of Precious Metals ($30.3M), Foodstuffs ($19.6M), and Metals ($10.1M).

During 2018, Turkey had a large net trade with Bolivia in the exports of Mineral Products ($28.2M), Machines ($12.1M), and Metals ($7.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Turkey+$57.3MGold
Top Product Potential Turkey Bolivia+$2.95MMotor 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 Turkey. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Bolivia.

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

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