2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195

About

Chile-Bolivia Trade: In 2023, Chile exported $1.36B to Bolivia. The main products that Chile exported to Bolivia were Refined Petroleum ($787M), Delivery Trucks ($40.8M), and Packaged Medicaments ($23.1M). Over the past 5 years the exports of Chile to Bolivia have increased at an annualized rate of 10%, from $841M in 2018 to $1.36B in 2023.

In 2009, Chile exported services to Bolivia worth $67.1M, with Travel ($37.2M) and Transportation ($29.9M) being the largest in terms of value.

Bolivia-Chile Trade: In 2023, Bolivia exported $210M to Chile. The main products that Bolivia exported to Chile were Soybean Meal ($76.5M), Soybean Oil ($24.3M), and Raw Sugar ($17M). Over the past 5 years the exports of Bolivia to Chile have increased at an annualized rate of 5.24%,  from $133M in 2018 to $210M in 2023.

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

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chile exported $1.36B to Bolivia. The main products exported from Chile to Bolivia were Refined Petroleum ($787M), Delivery Trucks ($40.8M), and Packaged Medicaments ($23.1M). During the last 5 years the exports of Chile to Bolivia have increased at an annualized rate of 10%, from $841M in 2018 to $1.36B in 2023.

In 2018, Bolivia exported $210M to Chile. The main products exported from Bolivia to Chile were Soybean Meal ($76.5M), Soybean Oil ($24.3M), and Raw Sugar ($17M). During the last 5 years the exports of Bolivia to Chile have increased at an annualized rate of 5.24%, from $133M in 2023 to $210M in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Bolivia
Top Destination
Brazil$1.54B

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

In 2023, countries that imported more from Chile than Bolivia included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Bolivia than Chile included United Arab Emirates ($901M), Argentina ($1.15B), and Burma ($41.3M).

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

Comparative Advantage Chile - Bolivia

Flow
Scale

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

During 2023, Chile had a large net trade with Bolivia in the exports of Mineral Products ($792M), Machines ($115M), and Textiles ($82.8M).

During 2018, Bolivia had a large net trade with Chile in the exports of Foodstuffs ($124M), Animal and Vegetable Bi-Products ($31.5M), and Paper Goods ($11.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Bolivia+$1.94MSulfate Chemical Woodpulp
Top Product Potential Bolivia Chile+$13.4MSoybean Oil

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

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

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