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2023
Flag → Flag
Exports $217MRnk 122 / 220
2023
Flag → Flag
Top Product $73.5MCars
2023
Flag → Flag
Exports $1.33BRnk 2 / 136
2023
Flag → Flag
Top Product $1.31BGold
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$3,686CURRENT US$
Rnk 135 / 196
2013-2023
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GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

India-Bolivia Trade: In 2023, India exported $217M to Bolivia. The main products that India exported to Bolivia were Cars ($73.5M), Packaged Medicaments ($26.7M), and Motorcycles and cycles ($19.5M). Over the past 5 years the exports of India to Bolivia have increased at an annualized rate of 6.61%, from $157M in 2018 to $217M in 2023.

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

Bolivia-India Trade: In 2023, Bolivia exported $1.33B to India. The main products that Bolivia exported to India were Gold ($1.31B), Precious Metal Ore ($5.75M), and Soybean Oil ($4.5M). Over the past 5 years the exports of Bolivia to India have increased at an annualized rate of 12.3%,  from $745M in 2018 to $1.33B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $2.22M and imported $18.1M from Bolivia, resulting in a negative trade balance of $15.9M. Between November 2023 and November 2024 the exports of India have decreased by $-3.24M (-59.4%) from $5.46M to $2.22M, while imports decreased by $-90.2M (-83.3%) from $108M to $18.1M.

Trade In November 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 November 2024 the top imports of India from Bolivia were Gold ($406k), Telecom Instruments ($2.9k), and Electronics Instruments ($608).

Growth In November 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 ($-121k or -48.5%). In November 2024, the decrease in India's year-by-year imports  from Bolivia was explained primarily by an decrease in product imports  in Gold ($-223M or -99.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-3.24M(-59.4%)
IMPORT GROWTH (November 2023 - November 2024)$-90.2M(-83.3%)

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.

For full datasets download visit Bulk Download page.

Explore Bolivia and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $217M to Bolivia. The main products exported from India to Bolivia were Cars ($73.5M), Packaged Medicaments ($26.7M), and Motorcycles and cycles ($19.5M). During the last 5 years the exports of India to Bolivia have increased at an annualized rate of 6.61%, from $157M in 2018 to $217M in 2023.

In 2018, Bolivia exported $1.33B to India. The main products exported from Bolivia to India were Gold ($1.31B), Precious Metal Ore ($5.75M), and Soybean Oil ($4.5M). During the last 5 years the exports of Bolivia to India have increased at an annualized rate of 12.3%, from $745M in 2023 to $1.33B in 2018.

Exports from India (Flag) to Bolivia (Flag) (2023)

Exports from Bolivia (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Bolivia
Top DestinationBrazil$1.54B

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 2023, countries that imported more from India than Bolivia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, no countries were registered that imported more from Bolivia than from India.

Difference in imports from Bolivia (Flag) and India (Flag) (2023)

Comparative Advantage India - Bolivia

Flow
Scale

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

During 2023, India had a large net trade with Bolivia in the exports of Transportation ($104M), Chemical Products ($51.6M), and Machines ($23.3M).

During 2018, Bolivia had a large net trade with India in the exports of Precious Metals ($1.31B), Mineral Products ($10.8M), and Animal and Vegetable Bi-Products ($6.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Bolivia+$18.3MRefined Petroleum
Top Product Potential Bolivia India+$3.91MPrecious Metal Ore

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

This visualization shows the product space at the HS4 level with the flags of India and Bolivia. This means that a dot/product with the flag of India indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over India.

Product Space of India (Flag) and Bolivia (Flag) (2023)

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