India (IND) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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India-Bolivia In 2022, India exported $124M to Bolivia. The main products that India exported to Bolivia are Packaged Medicaments ($25.9M), Cars ($14.2M), and Motorcycles and cycles ($9.03M). During the last 27 years the exports of India to Bolivia have increased at an annualized rate of 17.3%, from $1.66M in 1995 to $124M in 2022.

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

Bolivia-India In 2022, Bolivia exported $2.27B to India. The main products that Bolivia exported to India were Gold ($2.26B), Precious Metal Ore ($2.64M), and Aluminium Ore ($1.96M). During the last 27 years the exports of Bolivia to India have increased at an annualized rate of 41.2%, from $205k in 1995 to $2.27B in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Bolivia ranked 98 in the Economic Complexity Index (ECI -0.9), and 93 in total exports ($13.8B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $3.03M and imported $36M from Bolivia, resulting in a negative trade balance of $32.9M. Between January 2023 and January 2024 the exports of India have decreased by $-1.11M (-26.8%) from $4.14M to $3.03M, while imports increased by $35.6M (8.69k%) from $409k to $36M.

Trade In January 2024, the top exports of India to Bolivia were Two And Three Wheelers ($1.21M), Drug Formulations, Biologicals ($957k), Motor Vehicle/Cars ($428k), Auto Tyres And Tubes ($295k), and Medical And Scientific Instrum ($259k). In January 2024 the top imports of India from Bolivia were Gold ($406k), Telecom Instruments ($2.9k), and Electronics Instruments ($608).

Growth In January 2024, the decrease in India's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Drug Formulations, Biologicals ($-5.17M or -84.4%), Indl. Machnry For Dairy Etc ($-194k or -70.6%), and Bulk Drugs, Drug Intermediates ($-121k or -48.5%). In January 2024, the increase in India's year-by-year imports from Bolivia was explained primarily by an increase in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-1.11M(-26.8%)

IMPORT GROWTH (January 2023 - January 2024)$35.6M(8.69k%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Bolivia and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $124M to Bolivia. The main products exported from India to Bolivia were Packaged Medicaments ($25.9M), Cars ($14.2M), and Motorcycles and cycles ($9.03M). During the last 27 years the exports of India to Bolivia have increased at an annualized rate of 17.3%, from $1.66M in 1995 to $124M in 2022.

In 2022, Bolivia exported $2.27B to India. The main products exported from Bolivia to India were Gold ($2.26B), Precious Metal Ore ($2.64M), and Aluminium Ore ($1.96M). During the last 27 years the exports of Bolivia to India have increased at an annualized rate of 41.2%, from $205k in 1995 to $2.27B in 2022.

Exports from India () to Bolivia () (2022)

Exports from Bolivia () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Bolivia
Top DestinationIndia$2.27B

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

In 2021, countries that imported more from India than Bolivia were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Bolivia than India were Argentina ($1.76B).

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

Comparative Advantage India - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Bolivia in the exports of Chemical Products ($48.3M), Transportation ($29.3M), and Machines ($11.1M).

During 2022, Bolivia had a large net trade with India in the exports of Precious Metals ($2.26B), Mineral Products ($5.51M), and Metals ($571k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Bolivia () (2022)

Exports from Bolivia () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Bolivia

Economic Complexity

Competitive Landscape

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

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