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2023
Flag → Flag
Exports $33.9MRnk 121 / 215
2023
Flag → Flag
Top Product $4.27MCars
2023
Flag → Flag
Exports $200MRnk 15 / 136
2023
Flag → Flag
Top Product $109MSilver
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

Canada-Bolivia Trade: In 2023, Canada exported $33.9M to Bolivia. The main products that Canada exported to Bolivia were Cars ($4.27M), Industrial Fatty Acids, Oils and Alcohols ($2.43M), and Wheat ($2.34M). Over the past 5 years the exports of Canada to Bolivia have decreased at an annualized rate of 5.81%, from $45.8M in 2018 to $33.9M in 2023.

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

Bolivia-Canada Trade: In 2023, Bolivia exported $200M to Canada. The main products that Bolivia exported to Canada were Silver ($109M), Zinc Ore ($52.1M), and Raw Tin ($12.4M). Over the past 5 years the exports of Bolivia to Canada have decreased at an annualized rate of 2.99%,  from $233M in 2018 to $200M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$852k and imported C$26.3M from Bolivia, resulting in a negative trade balance of C$25.5M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-913k (-51.7%) from C$1.76M to C$852k, while imports increased by C$17.2M (188%) from C$9.15M to C$26.3M.

Trade In November 2024, the top exports of Canada to Bolivia were Dried Legumes (C$121k), Other Edible Preparations (C$109k), Excavation Machinery (C$65.2k), Asphalt (C$57.1k), and Newsprint (C$54.3k). In November 2024 the top imports of Canada from Bolivia were Silver (C$4.12M), Coconuts, Brazil Nuts, and Cashews (C$557k), Buckwheat (C$549k), Borax (C$368k), and Pasta (C$80.7k).

Origins In November 2024 the exports of Canada were mainly from British Columbia (C$387k), Quebec (C$302k), Alberta (C$109k), and Ontario (C$54.4k), while imports destinations were mainly Ontario (C$22.9M), Quebec (C$2.94M), British Columbia (C$468k), Alberta (C$15.9k), and New Brunswick (C$1.97k).

Growth In November 2024, the decrease in Canada's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Dried Legumes (C$-35.4k or -22.7%), Centrifuges (C$-25.2k or -96.4%), and Harvesting Machinery (C$-4k or -82.6%). In November 2024, the increase in Canada's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Sowing Seeds (C$74k or 57.4k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-913k(-51.7%)
IMPORT GROWTH (November 2023 - November 2024)C$17.2M(188%)
MAIN EXPORTER (November 2024)British ColumbiaC$387k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Bolivia and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bolivia and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $33.9M to Bolivia. The main products exported from Canada to Bolivia were Cars ($4.27M), Industrial Fatty Acids, Oils and Alcohols ($2.43M), and Wheat ($2.34M). During the last 5 years the exports of Canada to Bolivia have decreased at an annualized rate of 5.81%, from $45.8M in 2018 to $33.9M in 2023.

In 2018, Bolivia exported $200M to Canada. The main products exported from Bolivia to Canada were Silver ($109M), Zinc Ore ($52.1M), and Raw Tin ($12.4M). During the last 5 years the exports of Bolivia to Canada have decreased at an annualized rate of 2.99%, from $233M in 2023 to $200M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Canada than Bolivia included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Bolivia than Canada included Argentina ($1.15B) and Burma ($41.3M).

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

Comparative Advantage Canada - Bolivia

Flow
Scale

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

During 2023, Canada had a large net trade with Bolivia in the exports of Machines ($10.1M), Transportation ($7.81M), and Chemical Products ($4.63M).

During 2018, Bolivia had a large net trade with Canada in the exports of Precious Metals ($112M), Mineral Products ($61.5M), and Metals ($12.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Bolivia+$7.21MCars
Top Product Potential Bolivia Canada+$13.7MZinc Ore

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

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

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