Flag India / Bolivia Flag

Exports FlagFlag  (2018): $142M, Rnk 115 / 211

Top Product FlagFlag (2018): $42.1M, Cars

Exports FlagFlag (2018): $723M, Rnk 3 / 122

Top Product FlagFlag (2018): $721M, Gold

Economic Complexity of Flag (2018): ECI 0.57, Rnk 45 / 137

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

GDP Flag (2018): $2.72T, CURRENT US$
Rnk 7 / 196

GDP GROWTH Flag (2008-2018): 127%, CURRENT US$
Rnk 20 / 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): $2,010, CURRENT US$
Rnk 152 / 196

GDP PC GROWTH Flag (2008-2018): 101%, CURRENT US$
Rnk 16 / 196

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

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

India-Bolivia: In 2018, India exported $142M to Bolivia. The main products exported from India to Bolivia were Cars ($42.1M), Packaged Medicaments ($13.3M), and Steam Turbines ($11.1M). During the last 23 years the exports of India to Bolivia have increased at an annualized rate of 20.7%, from $1.88M in 1995 to $142M in 2018.

Bolivia-India: In 2018, Bolivia exported $723M to India. The main products exported from Bolivia to India were Gold ($721M), Borax ($1.27M), and Veneer Sheets ($393k). During the last 23 years the exports of Bolivia to India have increased at an annualized rate of 42.7%, from $205k in 1995 to $723M in 2018.

Comparison: In 2018, India ranked 45 in the Economic Complexity Index (ECI 0.57), and 16 in total exports ($326B). 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, India was ranked 152 with a GDP Per Capita of $2,010, 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, India exported $142M to Bolivia. The main products exported from India to Bolivia were Cars ($42.1M), Packaged Medicaments ($13.3M), and Steam Turbines ($11.1M). During the last 23 years the exports of India to Bolivia have increased at an annualized rate of 20.7%, from $1.88M in 1995 to $142M in 2018.

In 2018, Bolivia exported $723M to India. The main products exported from Bolivia to India were Gold ($721M), Borax ($1.27M), and Veneer Sheets ($393k). During the last 23 years the exports of Bolivia to India have increased at an annualized rate of 42.7%, from $205k in 1995 to $723M in 2018.

Market Competitiveness

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Measure

India
Top Destination
: United States, $52B

Bolivia
Top Destination
: Brazil, $1.72B

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 2018, countries that imported more from India than Bolivia were United States ($52B), United Arab Emirates ($27.1B), and China ($16.6B).

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

Comparative Advantage India - Bolivia

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Depth

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

During 2018, India had a large net trade with Bolivia in the exports of Transportation ($50.9M), Chemical Products ($36.8M), and Machines ($27.9M).

During 2018, Bolivia had a large net trade with India in the exports of Precious Metals ($721M), Mineral Products ($1.31M), and Wood Products ($444k).

Tariff Section

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

In 2018, the products from India that paid the highest import tariffs to enter Bolivia were Food preparations nes (150%) and Grape wines, sparkling (150%).

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

Explore Tariff Data

*The tariffs present between India and Bolivia are:
136: Most Favoured Nation duty rate treatement
336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries

Trade Forecasts

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This section shows a forecast for total trade between India 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 India has comparative advantage over Bolivia. Similarly, the more red a dot/product is, the more Bolivia has comparative advantage over India.