2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186

About

Ireland-Bolivia Trade: In 2022, Ireland exported $3.08M to Bolivia. The main products that Ireland exported to Bolivia were Packaged Medicaments ($502k), Orthopedic Appliances ($435k), and Office Machine Parts ($365k). Over the past 5 years the exports of Ireland to Bolivia have decreased at an annualized rate of 5.97%, from $4.18M in 2017 to $3.08M in 2022.

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

Bolivia-Ireland Trade: In 2022, Bolivia exported $1.05M to Ireland. The main products that Bolivia exported to Ireland were Other Oily Seeds ($295k), Coffee ($285k), and Coconuts, Brazil Nuts, and Cashews ($251k). Over the past 5 years the exports of Bolivia to Ireland have decreased at an annualized rate of 2%,  from $1.17M in 2017 to $1.05M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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
Value

In 2022, Ireland exported $3.08M to Bolivia. The main products exported from Ireland to Bolivia were Packaged Medicaments ($502k), Orthopedic Appliances ($435k), and Office Machine Parts ($365k). During the last 5 years the exports of Ireland to Bolivia have decreased at an annualized rate of 5.97%, from $4.18M in 2017 to $3.08M in 2022.

In 2017, Bolivia exported $1.05M to Ireland. The main products exported from Bolivia to Ireland were Other Oily Seeds ($295k), Coffee ($285k), and Coconuts, Brazil Nuts, and Cashews ($251k). During the last 5 years the exports of Bolivia to Ireland have decreased at an annualized rate of 2%, from $1.17M in 2022 to $1.05M in 2017.

Exports from Ireland (Flag) to Bolivia (Flag) (2022)

Exports from Bolivia (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Bolivia
Top Destination
India$2.27B

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

In 2022, countries that imported more from Ireland than Bolivia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Bolivia than Ireland included Argentina ($1.76B), Brazil ($1.89B), and Colombia ($1.06B).

Difference in imports from Bolivia (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Bolivia

Flow
Scale

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

During 2022, Ireland had a large net trade with Bolivia in the exports of Machines ($1.09M), Chemical Products ($667k), and Instruments ($593k).

During 2017, Bolivia had a large net trade with Ireland in the exports of Vegetable Products ($862k), Mineral Products ($89.9k), and Miscellaneous ($65.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Bolivia+$1.39MPackaged Medicaments
Top Product Potential Bolivia Ireland+$215kCoffee

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

Product Space of Ireland (Flag) and Bolivia (Flag) (2022)

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