Flag Spain / Bolivia Flag

Exports FlagFlag  (2018): $229M, Rnk 84 / 209

Top Product FlagFlag (2018): $48.3M, Steam Turbines

Exports FlagFlag (2018): $173M, Rnk 14 / 122

Top Product FlagFlag (2018): $74.5M, Zinc Ore

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

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

GDP Flag (2018): $1.42T, CURRENT US$
Rnk 14 / 196

GDP GROWTH Flag (2008-2018): -12.7%, CURRENT US$
Rnk 186 / 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): $30,371, CURRENT US$
Rnk 35 / 196

GDP PC GROWTH Flag (2008-2018): -14.1%, CURRENT US$
Rnk 173 / 196

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

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

Spain-Bolivia: In 2018, Spain exported $229M to Bolivia. The main products exported from Spain to Bolivia were Steam Turbines ($48.3M), Iron Structures ($25.8M), and Lifting Machinery ($7.6M). During the last 23 years the exports of Spain to Bolivia have increased at an annualized rate of 9.75%, from $26.9M in 1995 to $229M in 2018.

Bolivia-Spain: In 2018, Bolivia exported $173M to Spain. The main products exported from Bolivia to Spain were Zinc Ore ($74.5M), Raw Tin ($57.5M), and Refined Petroleum ($13.8M). During the last 23 years the exports of Bolivia to Spain have increased at an annualized rate of 12.9%, from $10.6M in 1995 to $173M in 2018.

Comparison: In 2018, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). 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, Spain was ranked 35 with a GDP Per Capita of $30,371, and Bolivia was ranked 129 with a GDP Per Capita of $3,549.

Bilateral Trade by Products

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Depth
Value

In 2018, Spain exported $229M to Bolivia. The main products exported from Spain to Bolivia were Steam Turbines ($48.3M), Iron Structures ($25.8M), and Lifting Machinery ($7.6M). During the last 23 years the exports of Spain to Bolivia have increased at an annualized rate of 9.75%, from $26.9M in 1995 to $229M in 2018.

In 2018, Bolivia exported $173M to Spain. The main products exported from Bolivia to Spain were Zinc Ore ($74.5M), Raw Tin ($57.5M), and Refined Petroleum ($13.8M). During the last 23 years the exports of Bolivia to Spain have increased at an annualized rate of 12.9%, from $10.6M in 1995 to $173M in 2018.

Market Competitiveness

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Measure

Spain
Top Destination
: France, $48.6B

Bolivia
Top Destination
: Brazil, $1.72B

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

In 2018, countries that imported more from Spain than Bolivia were France ($48.6B), Germany ($36.3B), and Portugal ($27.2B).

In 2018, countries that imported more from Bolivia than Spain were Saint Lucia ($35.2M) and Argentina ($1.45B).

Comparative Advantage Spain - Bolivia

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Depth

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

During 2018, Spain had a large net trade with Bolivia in the exports of Machines ($127M), Metals ($42.1M), and Chemical Products ($17.4M).

During 2018, Bolivia had a large net trade with Spain in the exports of Mineral Products ($98.8M), Metals ($59.8M), and Vegetable Products ($10.7M).

Tariff Section

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

In 2017, the products from Spain that paid the highest import tariffs to enter Bolivia were Sugar beet (178%) and Whey (173%).

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

Explore Tariff Data

*The tariffs present between Spain and Bolivia are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

Trade Forecasts

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This section shows a forecast for total trade between Spain 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

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Competitive Landscape

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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 Spain has comparative advantage over Bolivia. Similarly, the more red a dot/product is, the more Bolivia has comparative advantage over Spain.