Ireland (IRL) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Ireland-Bolivia Trade: In 2023, Ireland exported $2.93M to Bolivia. The main products that Ireland exported to Bolivia were Packaged Medicaments ($415k), Orthopedic Appliances ($346k), and Air Conditioners ($332k). Over the past 5 years the exports of Ireland to Bolivia have decreased at an annualized rate of 3.52%, from $3.51M in 2018 to $2.93M in 2023.

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

Bolivia-Ireland Trade: In 2023, Bolivia exported $519k to Ireland. The main products that Bolivia exported to Ireland were Coconuts, Brazil Nuts, and Cashews ($148k), Borax ($85k), and Buckwheat ($79.7k). Over the past 5 years the exports of Bolivia to Ireland have decreased at an annualized rate of 11.2%, from $939k in 2018 to $519k in 2023.

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

Comparison: In 2023, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Bolivia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Bolivia were . In N/A the top imports of Ireland from Bolivia were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Bolivia was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

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

To check Bolivia and Ireland 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 2023, Ireland exported $2.93M to Bolivia. The main products exported from Ireland to Bolivia were Packaged Medicaments ($415k), Orthopedic Appliances ($346k), and Air Conditioners ($332k). During the last 5 years the exports of Ireland to Bolivia have decreased at an annualized rate of 3.52%, from $3.51M in 2018 to $2.93M in 2023.

In 2018, Bolivia exported $519k to Ireland. The main products exported from Bolivia to Ireland were Coconuts, Brazil Nuts, and Cashews ($148k), Borax ($85k), and Buckwheat ($79.7k). During the last 5 years the exports of Bolivia to Ireland have decreased at an annualized rate of 11.2%, from $939k in 2023 to $519k in 2018.

Exports from Ireland () to Bolivia () (2023)

Exports from Bolivia () to Ireland () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$67.4B

Bolivia
Top DestinationBrazil$1.54B

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 2023, countries that imported more from Ireland than Bolivia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Bolivia than Ireland included Argentina ($1.15B), India ($1.33B), and Peru ($622M).

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

Comparative Advantage Ireland - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ireland had a large net trade with Bolivia in the exports of Machines ($955k), Instruments ($645k), and Chemical Products ($576k).

During 2018, Bolivia had a large net trade with Ireland in the exports of Vegetable Products ($350k), Mineral Products ($85k), and Miscellaneous ($54k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Ireland () to Bolivia () (2023)

Exports from Bolivia () to Ireland () (2023)

Market Competitiveness

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

Comparative Advantage Ireland - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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