Nigeria (NGA) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Nigeria-Bolivia Trade: In 2023, Nigeria exported $18.7k to Bolivia. The main products that Nigeria exported to Bolivia were Perfume Plants ($18.6k), Video and Card Games ($75), and Starches ($17). Over the past 5 years the exports of Nigeria to Bolivia have increased at an annualized rate of 66.2%, from $1.47k in 2018 to $18.7k in 2023.

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

Bolivia-Nigeria Trade: In 2023, Bolivia exported $14.5k to Nigeria. The main products that Bolivia exported to Nigeria were Tanned Equine and Bovine Hides ($11k), Transmissions ($3.42k), and Knit T-shirts ($66). Over the past 5 years the exports of Bolivia to Nigeria have decreased at an annualized rate of 35%, from $125k in 2018 to $14.5k in 2023.

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

Comparison: In 2023, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nigeria exported $18.7k to Bolivia. The main products exported from Nigeria to Bolivia were Perfume Plants ($18.6k), Video and Card Games ($75), and Starches ($17). During the last 5 years the exports of Nigeria to Bolivia have increased at an annualized rate of 66.2%, from $1.47k in 2018 to $18.7k in 2023.

In 2018, Bolivia exported $14.5k to Nigeria. The main products exported from Bolivia to Nigeria were Tanned Equine and Bovine Hides ($11k), Transmissions ($3.42k), and Knit T-shirts ($66). During the last 5 years the exports of Bolivia to Nigeria have decreased at an annualized rate of 35%, from $125k in 2023 to $14.5k in 2018.

Exports from Nigeria () to Bolivia () (2023)

Exports from Bolivia () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Bolivia ()

Nigeria Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationUnited States$6.29B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Nigeria than Bolivia included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

In 2023, countries that imported more from Bolivia than Nigeria included Argentina ($1.15B), Brazil ($1.54B), and Colombia ($687M).

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

Comparative Advantage Nigeria - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nigeria had a large net trade with Bolivia in the exports of Vegetable Products ($18.6k) and Miscellaneous ($75).

During 2018, Bolivia had a large net trade with Nigeria in the exports of Animal Hides ($11k), Machines ($3.42k), and Textiles ($66).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Bolivia+$20.2kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Bolivia Nigeria+$43.8kEquine and Bovine Hides

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

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Bolivia () (2023)

Exports from Bolivia () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Bolivia ()

Nigeria Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Nigeria - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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