Peru (PER) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

About

Peru-Bolivia Trade: In 2023, Peru exported $543M to Bolivia. The main products that Peru exported to Bolivia were Raw Iron Bars ($47.8M), Raw Plastic Sheeting ($34.7M), and Cleaning Products ($33.2M). Over the past 5 years the exports of Peru to Bolivia have decreased at an annualized rate of 3.95%, from $664M in 2018 to $543M in 2023.

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

Bolivia-Peru Trade: In 2023, Bolivia exported $622M to Peru. The main products that Bolivia exported to Peru were Soybean Meal ($208M), Soybean Oil ($116M), and Oil Seed Flower ($41.2M). Over the past 5 years the exports of Bolivia to Peru have increased at an annualized rate of 7.01%, from $443M in 2018 to $622M in 2023.

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

Comparison: In 2023, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). 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, Peru exported $543M to Bolivia. The main products exported from Peru to Bolivia were Raw Iron Bars ($47.8M), Raw Plastic Sheeting ($34.7M), and Cleaning Products ($33.2M). During the last 5 years the exports of Peru to Bolivia have decreased at an annualized rate of 3.95%, from $664M in 2018 to $543M in 2023.

In 2018, Bolivia exported $622M to Peru. The main products exported from Bolivia to Peru were Soybean Meal ($208M), Soybean Oil ($116M), and Oil Seed Flower ($41.2M). During the last 5 years the exports of Bolivia to Peru have increased at an annualized rate of 7.01%, from $443M in 2023 to $622M in 2018.

Exports from Peru () to Bolivia () (2023)

Exports from Bolivia () to Peru () (2023)

Latest Data

Trade between Peru () and Bolivia ()

Peru Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Peru than Bolivia included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

In 2023, countries that imported more from Bolivia than Peru included Argentina ($1.15B), Hong Kong ($321M), and Burma ($41.3M).

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

Comparative Advantage Peru - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Bolivia in the exports of Chemical Products ($139M), Metals ($110M), and Plastics and Rubbers ($78.5M).

During 2018, Bolivia had a large net trade with Peru in the exports of Foodstuffs ($263M), Animal and Vegetable Bi-Products ($126M), and Vegetable Products ($98.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Bolivia+$23.2MRefined Petroleum

Top Product Potential Bolivia Peru+$22.7MPetroleum Gas

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Peru and Bolivia. This means that a dot/product with the flag of Peru indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Peru.

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Bolivia () (2023)

Exports from Bolivia () to Peru () (2023)

Latest Data

Trade between Peru () and Bolivia ()

Peru Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Peru - Bolivia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring