2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
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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2012-2022
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GDP GROWTH
59%CURRENT US$
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2022
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GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
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GDP PC GROWTH
37.5%CURRENT US$
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About

Russia-Bolivia Trade: In 2022, Russia exported $76.3M to Bolivia. The main products that Russia exported to Bolivia were Refined Petroleum ($29M), Asphalt Mixtures ($23.1M), and Mixed Mineral or Chemical Fertilizers ($8.73M). Over the past 5 years the exports of Russia to Bolivia have increased at an annualized rate of 28.3%, from $21.9M in 2017 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 Trade: 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). Over the past 5 years the exports of Bolivia to Russia have increased at an annualized rate of 30.2%,  from $10.6M in 2017 to $39.8M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). 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
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 5 years the exports of Russia to Bolivia have increased at an annualized rate of 28.3%, from $21.9M in 2017 to $76.3M in 2022.

In 2017, 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 5 years the exports of Bolivia to Russia have increased at an annualized rate of 30.2%, from $10.6M in 2022 to $39.8M in 2017.

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 2022, countries that imported more from Russia than Bolivia included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Bolivia than Russia included 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 2017, Bolivia had a large net trade with Russia in the exports of Chemical Products ($34.7M), Animal Products ($4.64M), and Metals ($309k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Bolivia+$33.5MRefined Petroleum
Top Product Potential Bolivia Russia+$2.36MFrozen Bovine Meat

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

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

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

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