Indonesia (IDN) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Indonesia-Bolivia Trade: In 2023, Indonesia exported $74.7M to Bolivia. The main products that Indonesia exported to Bolivia were Cars ($45.9M), Delivery Trucks ($4.37M), and Textile Footwear ($3.08M). Over the past 5 years the exports of Indonesia to Bolivia have increased at an annualized rate of 8.72%, from $49.2M in 2018 to $74.7M in 2023.

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

Bolivia-Indonesia Trade: In 2023, Bolivia exported $8.53M to Indonesia. The main products that Bolivia exported to Indonesia were Borax ($4.27M), Soybean Meal ($2.17M), and Soybeans ($1.01M). Over the past 5 years the exports of Bolivia to Indonesia have increased at an annualized rate of 42.2%, from $1.47M in 2018 to $8.53M in 2023.

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

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $74.7M to Bolivia. The main products exported from Indonesia to Bolivia were Cars ($45.9M), Delivery Trucks ($4.37M), and Textile Footwear ($3.08M). During the last 5 years the exports of Indonesia to Bolivia have increased at an annualized rate of 8.72%, from $49.2M in 2018 to $74.7M in 2023.

In 2018, Bolivia exported $8.53M to Indonesia. The main products exported from Bolivia to Indonesia were Borax ($4.27M), Soybean Meal ($2.17M), and Soybeans ($1.01M). During the last 5 years the exports of Bolivia to Indonesia have increased at an annualized rate of 42.2%, from $1.47M in 2023 to $8.53M in 2018.

Exports from Indonesia () to Bolivia () (2023)

Exports from Bolivia () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Bolivia ()

Indonesia Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Indonesia than Bolivia included China ($70.7B), United States ($27.9B), and Japan ($23.7B).

In 2023, countries that imported more from Bolivia than Indonesia included Argentina ($1.15B), Colombia ($687M), and Peru ($622M).

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

Comparative Advantage Indonesia - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Bolivia in the exports of Transportation ($51.2M), Footwear and Headwear ($6.39M), and Machines ($6.18M).

During 2018, Bolivia had a large net trade with Indonesia in the exports of Mineral Products ($4.55M), Foodstuffs ($2.17M), and Vegetable Products ($1.04M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Bolivia+$6.37MCars

Top Product Potential Bolivia Indonesia+$1.21MSoybean Meal

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

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Bolivia () (2023)

Exports from Bolivia () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Bolivia ()

Indonesia Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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