2022
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GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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 GDP
$43.1BCURRENT US$
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2012-2022
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GDP GROWTH
59%CURRENT US$
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2022
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GDP PC 
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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2022
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GDP PC
$3,523CURRENT US$
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2012-2022
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GDP PC GROWTH
37.5%CURRENT US$
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About

Italy-Bolivia In 2022, Italy exported $97.4M to Bolivia. The main products that Italy exported to Bolivia are Machinery Having Individual Functions ($9.55M), Other Paper Machinery ($6.09M), and Gas Turbines ($4.06M). During the last 27 years the exports of Italy to Bolivia have increased at an annualized rate of 2.84%, from $45.7M in 1995 to $97.4M in 2022.

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

Bolivia-Italy In 2022, Bolivia exported $185M to Italy. The main products that Bolivia exported to Italy were Gold ($88M), Jewellery ($76.5M), and Tanned Equine and Bovine Hides ($5.73M). During the last 27 years the exports of Bolivia to Italy have increased at an annualized rate of 11.5%, from $9.81M in 1995 to $185M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Bolivia ranked 98 in the Economic Complexity Index (ECI -0.9), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $97.4M to Bolivia. The main products exported from Italy to Bolivia were Machinery Having Individual Functions ($9.55M), Other Paper Machinery ($6.09M), and Gas Turbines ($4.06M). During the last 27 years the exports of Italy to Bolivia have increased at an annualized rate of 2.84%, from $45.7M in 1995 to $97.4M in 2022.

In 2022, Bolivia exported $185M to Italy. The main products exported from Bolivia to Italy were Gold ($88M), Jewellery ($76.5M), and Tanned Equine and Bovine Hides ($5.73M). During the last 27 years the exports of Bolivia to Italy have increased at an annualized rate of 11.5%, from $9.81M in 1995 to $185M in 2022.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Bolivia
Top Destination
India$2.27B

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

In 2021, countries that imported more from Italy than Bolivia were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Bolivia than Italy were Argentina ($1.76B) and Peru ($885M).

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

Comparative Advantage Italy - Bolivia

Flow
Scale

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

During 2022, Italy had a large net trade with Bolivia in the exports of Machines ($63M), Instruments ($6.55M), and Transportation ($5.37M).

During 2022, Bolivia had a large net trade with Italy in the exports of Precious Metals ($164M), Animal Hides ($6.08M), and Vegetable Products ($3.83M).

Economic Complexity

Competitive Landscape

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 Italy has comparative advantage over Bolivia. Similarly, the more yellow a dot/product is, the more Bolivia has comparative advantage over Italy.

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

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