Georgia (GEO) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Georgia-Bolivia Trade: In 2022, Georgia exported $35.2k to Bolivia. The main products that Georgia exported to Bolivia were Kaolin ($20.4k), Float Glass ($8.24k), and Valves ($4.58k). Over the past 5 years the exports of Georgia to Bolivia have increased at an annualized rate of 13.1%, from $19k in 2017 to $35.2k in 2022.

In 2022, Georgia did not export any services to Bolivia.

Bolivia-Georgia In N/A, Bolivia did not export any products to Georgia.

In 2022, Bolivia did not export any services to Georgia.

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $35.2k to Bolivia. The main products exported from Georgia to Bolivia were Kaolin ($20.4k), Float Glass ($8.24k), and Valves ($4.58k). During the last 5 years the exports of Georgia to Bolivia have increased at an annualized rate of 13.1%, from $19k in 2017 to $35.2k in 2022.

Bolivia does not register exports to Georgia. The main products exported from Bolivia to Georgia were Coconuts, Brazil Nuts, and Cashews ($329k) and Cars ($14.6k).

Exports from Georgia () to Bolivia () (2022)

Exports from Bolivia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Bolivia ()

Georgia Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Georgia than Bolivia included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

In 2022, countries that imported more from Bolivia than Georgia included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

Difference in imports from Bolivia () and Georgia () (2022)

Comparative Advantage Georgia - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Bolivia in the exports of Mineral Products ($20.4k), Stone And Glass ($8.5k), and Machines ($5.14k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Bolivia+$6.5kValves

Top Product Potential Bolivia Georgia+$4.11kPetroleum Gas

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

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Historical Data

Bilateral Trade by Products

Exports from Georgia () to Bolivia () (2022)

Exports from Bolivia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Bolivia ()

Georgia Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Georgia () (2022)

Comparative Advantage Georgia - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Bolivia () (2022)

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