Flag China / Bolivia Flag

Exports Flag β†’ Flag  (2018): $1.55B, Rnk 97 / 206

Top Product Flag β†’ Flag (2018): $116M, Steam Turbines

Exports Flag β†’ Flag (2018): $469M, Rnk 8 / 122

Top Product Flag β†’ Flag (2018): $216M, Zinc Ore

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI -0.89, Rnk 108 / 137

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 196

GDP Flag (2018): $40.3B, CURRENT US$
Rnk 95 / 196

GDP GROWTH Flag (2008-2018): 142%, CURRENT US$
Rnk 12 / 196

GDP PC Flag (2018): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 196

GDP PC Flag (2018): $3,549, CURRENT US$
Rnk 129 / 196

GDP PC GROWTH Flag (2008-2018): 107%, CURRENT US$
Rnk 13 / 196

China-Bolivia: In 2018, China exported $1.55B to Bolivia. The main products exported from China to Bolivia were Steam Turbines ($116M), Broadcasting Equipment ($106M), and Buses ($74.7M). During the last 23 years the exports of China to Bolivia have increased at an annualized rate of 22.2%, from $15.4M in 1995 to $1.55B in 2018.

Bolivia-China: In 2018, Bolivia exported $469M to China. The main products exported from Bolivia to China were Zinc Ore ($216M), Precious Metal Ore ($128M), and Lead Ore ($61.8M). During the last 23 years the exports of Bolivia to China have increased at an annualized rate of 40.8%, from $180k in 1995 to $469M in 2018.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Bolivia ranked 108 in the Economic Complexity Index (ECI -0.89), and 90 in total exports ($9.42B). In terms of GDP Per Capita, China was ranked 78 with a GDP Per Capita of $9,771, and Bolivia was ranked 129 with a GDP Per Capita of $3,549.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, China exported $1.55B to Bolivia. The main products exported from China to Bolivia were Steam Turbines ($116M), Broadcasting Equipment ($106M), and Buses ($74.7M). During the last 23 years the exports of China to Bolivia have increased at an annualized rate of 22.2%, from $15.4M in 1995 to $1.55B in 2018.

In 2018, Bolivia exported $469M to China. The main products exported from Bolivia to China were Zinc Ore ($216M), Precious Metal Ore ($128M), and Lead Ore ($61.8M). During the last 23 years the exports of Bolivia to China have increased at an annualized rate of 40.8%, from $180k in 1995 to $469M in 2018.

Market Competitiveness

#permalink to section
Measure

China
Top Destination
: United States, $499B

Bolivia
Top Destination
: Brazil, $1.72B

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

In 2018, countries that imported more from China than Bolivia were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from Bolivia than China were Saint Lucia ($35.2M).

Comparative Advantage China - Bolivia

#permalink to section
Depth

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

During 2018, China had a large net trade with Bolivia in the exports of Machines ($618M), Transportation ($239M), and Metals ($196M).

During 2018, Bolivia had a large net trade with China in the exports of Mineral Products ($431M), Wood Products ($10.8M), and Textiles ($9.56M).

Tariff Section

#permalink to section

This sections shows import tariffs for products traded between China and Bolivia (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Bolivia were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from Bolivia that paid the highest import tariffs to enter China were Vegetables nes and mixtures, prepared, frozen (40%) and Beer made from malt (40%).

Explore Tariff Data

*The tariffs present between China and Bolivia are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between China and Bolivia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over Bolivia. Similarly, the more red a dot/product is, the more Bolivia has comparative advantage over China.