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Pricing

2022
Flag → Flag
Exports $97.4MRnk 121 / 221
2022
Flag → Flag
Top Product $9.55MMachinery Having Individual Functions
2022
Flag → Flag
Exports $185MRnk 17 / 146
2022
Flag → Flag
Top Product $88MGold
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
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GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
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GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Italy-Bolivia Trade: In 2022, Italy exported $97.4M to Bolivia. The main products that Italy exported to Bolivia were Machinery Having Individual Functions ($9.55M), Other Paper Machinery ($6.09M), and Gas Turbines ($4.06M). Over the past 5 years the exports of Italy to Bolivia have decreased at an annualized rate of 8.67%, from $153M in 2017 to $97.4M in 2022.

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

Bolivia-Italy Trade: 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). Over the past 5 years the exports of Bolivia to Italy have increased at an annualized rate of 34.6%,  from $41.9M in 2017 to $185M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Latest Trends

June, 2024

About

Overview In June 2024, Italy exported €2.22M and imported €1.46M from Bolivia, resulting in a positive trade balance of €755k. Between June 2023 and June 2024 the exports of Italy have increased by €884k (66.3%) from €1.33M to €2.22M, while imports increased by €184k (14.4%) from €1.28M to €1.46M.

Trade In June 2024, the top exports of Italy to Bolivia were . In June 2024 the top imports of Italy from Bolivia were .

Growth In June 2024, the increase in Italy's year-by-year exports to Bolivia was explained primarily by an increase in product exports in . In July 2024, the increase in Italy's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€884k(66.3%)
IMPORT GROWTH (July 2023 - July 2024)€184k(14.4%)

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

To check Bolivia and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bolivia and Italy Data

Go to Bulk Download

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 5 years the exports of Italy to Bolivia have decreased at an annualized rate of 8.67%, from $153M in 2017 to $97.4M in 2022.

In 2017, 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 5 years the exports of Bolivia to Italy have increased at an annualized rate of 34.6%, from $41.9M in 2022 to $185M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Bolivia
Top DestinationIndia$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 2022, countries that imported more from Italy than Bolivia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Bolivia than Italy included 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 2017, Bolivia had a large net trade with Italy in the exports of Precious Metals ($164M), Animal Hides ($6.08M), and Vegetable Products ($3.83M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Bolivia+$3.49MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Bolivia Italy+$40.1MGold

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

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

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