Colombia (COL) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Colombia-Bolivia Trade: In 2023, Colombia exported $145M to Bolivia. The main products that Colombia exported to Bolivia were Perfumes ($13.4M), Confectionery Sugar ($10.5M), and Packaged Medicaments ($8.55M). Over the past 5 years the exports of Colombia to Bolivia have decreased at an annualized rate of 4.05%, from $178M in 2018 to $145M in 2023.

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

Bolivia-Colombia Trade: In 2023, Bolivia exported $687M to Colombia. The main products that Bolivia exported to Colombia were Soybean Meal ($310M), Soybean Oil ($238M), and Seed Oils ($35.1M). Over the past 5 years the exports of Bolivia to Colombia have increased at an annualized rate of 9.9%, from $428M in 2018 to $687M in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $145M to Bolivia. The main products exported from Colombia to Bolivia were Perfumes ($13.4M), Confectionery Sugar ($10.5M), and Packaged Medicaments ($8.55M). During the last 5 years the exports of Colombia to Bolivia have decreased at an annualized rate of 4.05%, from $178M in 2018 to $145M in 2023.

In 2018, Bolivia exported $687M to Colombia. The main products exported from Bolivia to Colombia were Soybean Meal ($310M), Soybean Oil ($238M), and Seed Oils ($35.1M). During the last 5 years the exports of Bolivia to Colombia have increased at an annualized rate of 9.9%, from $428M in 2023 to $687M in 2018.

Exports from Colombia () to Bolivia () (2023)

Exports from Bolivia () to Colombia () (2023)

Latest Data

Trade between Colombia () and Bolivia ()

Colombia Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Colombia than Bolivia included United States ($14.8B), Panama ($4.66B), and Netherlands ($2.38B).

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

Difference in imports from Bolivia () and Colombia () (2023)

Comparative Advantage Colombia - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Bolivia in the exports of Chemical Products ($45M), Foodstuffs ($20.8M), and Plastics and Rubbers ($16.2M).

During 2018, Bolivia had a large net trade with Colombia in the exports of N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Bolivia+$8.89MRefined Petroleum

Top Product Potential Bolivia Colombia+$6.42MSoybeans

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

Year

This visualization shows the product space at the HS4 level with the flags of Colombia and Bolivia. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Colombia.

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Bolivia () (2023)

Exports from Bolivia () to Colombia () (2023)

Latest Data

Trade between Colombia () and Bolivia ()

Colombia Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Colombia () (2023)

Comparative Advantage Colombia - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Bolivia () (2023)

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