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

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Peru-Bolivia Trade: In 2022, Peru exported $813M to Bolivia. The main products that Peru exported to Bolivia were Refined Petroleum ($168M), Raw Iron Bars ($95.3M), and Raw Plastic Sheeting ($36M). Over the past 5 years the exports of Peru to Bolivia have increased at an annualized rate of 5.17%, from $632M in 2017 to $813M in 2022.

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

Bolivia-Peru Trade: In 2022, Bolivia exported $885M to Peru. The main products that Bolivia exported to Peru were Soybean Meal ($307M), Soybean Oil ($180M), and Soybeans ($53.3M). Over the past 5 years the exports of Bolivia to Peru have increased at an annualized rate of 20.2%, from $352M in 2017 to $885M in 2022.

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

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). 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, Peru exported $813M to Bolivia. The main products exported from Peru to Bolivia were Refined Petroleum ($168M), Raw Iron Bars ($95.3M), and Raw Plastic Sheeting ($36M). During the last 5 years the exports of Peru to Bolivia have increased at an annualized rate of 5.17%, from $632M in 2017 to $813M in 2022.

In 2017, Bolivia exported $885M to Peru. The main products exported from Bolivia to Peru were Soybean Meal ($307M), Soybean Oil ($180M), and Soybeans ($53.3M). During the last 5 years the exports of Bolivia to Peru have increased at an annualized rate of 20.2%, from $352M in 2022 to $885M in 2017.

Exports from Peru () to Bolivia () (2022)

Exports from Bolivia () to Peru () (2022)

Latest Data

Trade between Peru () and Bolivia ()

Peru Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Bolivia
Top DestinationIndia$2.27B

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 2022, countries that imported more from Peru than Bolivia included China ($17.6B), United States ($8.69B), and Canada ($2.69B).

In 2022, countries that imported more from Bolivia than Peru included Argentina ($1.76B), Brazil ($1.89B), and Australia ($194M).

Difference in imports from Bolivia () and Peru () (2022)

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 2022, Peru had a large net trade with Bolivia in the exports of Mineral Products ($178M), Metals ($177M), and Chemical Products ($156M).

During 2017, Bolivia had a large net trade with Peru in the exports of Foodstuffs ($372M), Animal and Vegetable Bi-Products ($193M), and Vegetable Products ($127M).

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.

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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 () (2022)

Exports from Bolivia () to Peru () (2022)

Latest Data

Trade between Peru () and Bolivia ()

Peru Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Peru () (2022)

Comparative Advantage Peru - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Bolivia () (2022)

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