Flag Venezuela / Bolivia Flag

2018
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Exports
: $1.87M, Rnk 53 / 126

2018
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Top Product
: $356k, Nitrogenous Fertilizers

2018
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Exports
: $4.53M, Rnk 39 / 133

2018
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Top Product
: $1.43M, Knit T-shirts

2019
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Economic Complexity (ECI)
: ECI -0.73, Rnk 118 / 157

2019
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Economic Complexity (ECI)
: ECI -0.85, Rnk 126 / 157

2019
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 GDP
: $40.9B, CURRENT US$
Rnk 91 / 187

2009-2019
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GDP GROWTH
: 136%, CURRENT US$
Rnk 18 / 187

2019
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GDP PC 
: $3,552, CURRENT US$
Rnk 124 / 187

2009-2019
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GDP PC GROWTH
: 102%, CURRENT US$
Rnk 15 / 187

Venezuela-Bolivia: In 2018, Venezuela exported $1.87M to Bolivia. The main products that Venezuela exported to Bolivia are Nitrogenous Fertilizers ($356k), Tractors ($332k), and Cocoa Powder ($317k). During the last 23 years the exports of Venezuela to Bolivia have decreased at an annualized rate of 7.94%, from $12.5M in 1995 to $1.87M in 2018.

In 2018, Venezuela did not exported services to Bolivia.

Bolivia-Venezuela: In 2018, Bolivia exported $4.53M to Venezuela . The main products that Bolivia exported to Venezuela were Knit T-shirts ($1.43M), Knit Men's Shirts ($688k), and Knit Women's Suits ($492k). During the last 23 years the exports of Bolivia to Venezuela have decreased at an annualized rate of 2.33%, from $7.8M in 1995 to $4.53M in 2018.

In 2018, Bolivia did not exported services to Venezuela.

Comparison: In 2019,  Venezuela ranked 118 in the Economic Complexity Index (ECI -0.73), and 80 in total exports ($14.7B). That same year, Bolivia ranked 126 in the Economic Complexity Index (ECI -0.85), and 97 in total exports ($8.04B).

Bilateral Trade by Products

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Depth
Value

In 2018, Venezuela exported $1.87M to Bolivia. The main products exported from Venezuela to Bolivia were Nitrogenous Fertilizers ($356k), Tractors ($332k), and Cocoa Powder ($317k). During the last 23 years the exports of Venezuela to Bolivia have decreased at an annualized rate of 7.94%, from $12.5M in 1995 to $1.87M in 2018.

In 2018, Bolivia exported $4.53M to Venezuela. The main products exported from Bolivia to Venezuela were Knit T-shirts ($1.43M), Knit Men's Shirts ($688k), and Knit Women's Suits ($492k). During the last 23 years the exports of Bolivia to Venezuela have decreased at an annualized rate of 2.33%, from $7.8M in 1995 to $4.53M in 2018.

Market Competitiveness

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Measure

Venezuela
Top Destination
: India, $4.98B

Bolivia
Top Destination
: Argentina, $1.24B

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

In 2019, countries that imported more from Venezuela than Bolivia were India ($4.98B), China ($4.19B), and United States ($1.82B).

In 2019, countries that imported more from Bolivia than Venezuela were Argentina ($1.24B), Brazil ($1.24B), and United Arab Emirates ($950M).

Comparative Advantage Venezuela - Bolivia

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Depth

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

During 2018, Venezuela had a large net trade with Bolivia in the exports of Chemical Products ($457k), Mineral Products ($432k), and Transportation ($332k).

During 2018, Bolivia had a large net trade with Venezuela in the exports of Textiles ($3.28M), Wood Products ($647k), and Miscellaneous ($325k).

Economic Complexity

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Competitive Landscape

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