New Zealand (NZL) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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New Zealand-Bolivia Trade: In 2022, New Zealand exported $1.39M to Bolivia. The main products that New Zealand exported to Bolivia were Paper Containers ($760k), Salt ($89k), and Concentrated Milk ($78.1k). Over the past 5 years the exports of New Zealand to Bolivia have decreased at an annualized rate of 11.6%, from $2.58M in 2017 to $1.39M in 2022.

In 2022, New Zealand did not export any services to Bolivia.

Bolivia-New Zealand Trade: In 2022, Bolivia exported $5.03M to New Zealand. The main products that Bolivia exported to New Zealand were Shaped Wood ($2.18M), Boron ($1.08M), and Coffee ($513k). Over the past 5 years the exports of Bolivia to New Zealand have decreased at an annualized rate of 1.83%, from $5.82M in 2017 to $5.03M in 2022.

In 2022, Bolivia did not export any services to New Zealand.

Comparison: In 2022, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, New Zealand exported $1.39M to Bolivia. The main products exported from New Zealand to Bolivia were Paper Containers ($760k), Salt ($89k), and Concentrated Milk ($78.1k). During the last 5 years the exports of New Zealand to Bolivia have decreased at an annualized rate of 11.6%, from $2.58M in 2017 to $1.39M in 2022.

In 2017, Bolivia exported $5.03M to New Zealand. The main products exported from Bolivia to New Zealand were Shaped Wood ($2.18M), Boron ($1.08M), and Coffee ($513k). During the last 5 years the exports of Bolivia to New Zealand have decreased at an annualized rate of 1.83%, from $5.82M in 2022 to $5.03M in 2017.

Exports from New Zealand () to Bolivia () (2022)

Exports from Bolivia () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Bolivia ()

New Zealand Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$13.1B

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from New Zealand than Bolivia included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

In 2022, countries that imported more from Bolivia than New Zealand included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

Difference in imports from Bolivia () and New Zealand () (2022)

Comparative Advantage New Zealand - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, New Zealand had a large net trade with Bolivia in the exports of Paper Goods ($760k), Instruments ($187k), and Machines ($139k).

During 2017, Bolivia had a large net trade with New Zealand in the exports of Wood Products ($2.3M), Vegetable Products ($1.08M), and Chemical Products ($1.08M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Bolivia+$188kConcentrated Milk

Top Product Potential Bolivia New Zealand+$261kSawn Wood

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

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Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Bolivia () (2022)

Exports from Bolivia () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Bolivia ()

New Zealand Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and New Zealand () (2022)

Comparative Advantage New Zealand - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Bolivia () (2022)

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