2022
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GDP
$2.24TCURRENT US$
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2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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 GDP
$43.1BCURRENT US$
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GDP GROWTH
59%CURRENT US$
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GDP PC 
$15,345CURRENT US$
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GDP PC GROWTH
-0.49%CURRENT US$
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GDP PC
$3,523CURRENT US$
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2012-2022
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GDP PC GROWTH
37.5%CURRENT US$
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About

Russia-Bolivia In 2022, Russia exported $76.3M to Bolivia. The main products that Russia exported to Bolivia are Refined Petroleum ($29M), Asphalt Mixtures ($23.1M), and Mixed Mineral or Chemical Fertilizers ($8.73M). During the last 27 years the exports of Russia to Bolivia have increased at an annualized rate of 11.7%, from $3.86M in 1995 to $76.3M in 2022.

In 2020, Russia exported services to Bolivia worth $2.05M, with Construction services ($1.67M), Transportation ($208k), and Computer and information services ($96k) being the largest in terms of value.

Bolivia-Russia In 2022, Bolivia exported $39.8M to Russia. The main products that Bolivia exported to Russia were Carbonates ($34.1M), Frozen Bovine Meat ($2.52M), and Edible Offal ($2.13M). During the last 27 years the exports of Bolivia to Russia have increased at an annualized rate of 25.7%, from $82.8k in 1995 to $39.8M in 2022.

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

Comparison In 2022,  Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Bolivia ranked 98 in the Economic Complexity Index (ECI -0.9), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $76.3M to Bolivia. The main products exported from Russia to Bolivia were Refined Petroleum ($29M), Asphalt Mixtures ($23.1M), and Mixed Mineral or Chemical Fertilizers ($8.73M). During the last 27 years the exports of Russia to Bolivia have increased at an annualized rate of 11.7%, from $3.86M in 1995 to $76.3M in 2022.

In 2022, Bolivia exported $39.8M to Russia. The main products exported from Bolivia to Russia were Carbonates ($34.1M), Frozen Bovine Meat ($2.52M), and Edible Offal ($2.13M). During the last 27 years the exports of Bolivia to Russia have increased at an annualized rate of 25.7%, from $82.8k in 1995 to $39.8M in 2022.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Bolivia
Top Destination
India$2.27B

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

In 2021, countries that imported more from Russia than Bolivia were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Bolivia than Russia were Argentina ($1.76B), Colombia ($1.06B), and Peru ($885M).

Difference in imports from Bolivia (Flag) and Russia (Flag) (2022)

Comparative Advantage Russia - Bolivia

Flow
Scale

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

During 2022, Russia had a large net trade with Bolivia in the exports of Mineral Products ($52.8M), Chemical Products ($14.3M), and Transportation ($4.26M).

During 2022, Bolivia had a large net trade with Russia in the exports of Chemical Products ($34.7M), Animal Products ($4.64M), and Metals ($309k).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to Bolivia worth $2.05M, with Construction services ($1.67M), Transportation ($208k), and Computer and information services ($96k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Bolivia (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Bolivia. Similarly, the more yellow a dot/product is, the more Bolivia has comparative advantage over Russia.

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

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