2022
Flag
 GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
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GDP GROWTH
59%CURRENT US$
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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

Venezuela-Bolivia In 2022, Venezuela exported $1.99M to Bolivia. The main products that Venezuela exported to Bolivia are Cocoa Powder ($476k), Other Oily Seeds ($416k), and Sulphur ($355k). During the last 27 years the exports of Venezuela to Bolivia have decreased at an annualized rate of 6.73%, from $13M in 1995 to $1.99M in 2022.

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

Bolivia-Venezuela In 2022, Bolivia exported $2.5M to Venezuela. The main products that Bolivia exported to Venezuela were Refined Petroleum ($1.44M), Hair Products ($237k), and Other Processed Fruits and Nuts ($218k). During the last 27 years the exports of Bolivia to Venezuela have decreased at an annualized rate of 4.14%, from $7.82M in 1995 to $2.5M in 2022.

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

Comparison In 2022,  Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and 132 in total exports ($4.3B). 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, Venezuela exported $1.99M to Bolivia. The main products exported from Venezuela to Bolivia were Cocoa Powder ($476k), Other Oily Seeds ($416k), and Sulphur ($355k). During the last 27 years the exports of Venezuela to Bolivia have decreased at an annualized rate of 6.73%, from $13M in 1995 to $1.99M in 2022.

In 2022, Bolivia exported $2.5M to Venezuela. The main products exported from Bolivia to Venezuela were Refined Petroleum ($1.44M), Hair Products ($237k), and Other Processed Fruits and Nuts ($218k). During the last 27 years the exports of Bolivia to Venezuela have decreased at an annualized rate of 4.14%, from $7.82M in 1995 to $2.5M in 2022.

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

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

Latest Data

Trade between Venezuela (Flag) and Bolivia (Flag)

Bolivia Exports

Market Competitiveness

Color
Venezuela
Top Destination
China$703M
Bolivia
Top Destination
India$2.27B

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 2021, countries that imported more from Venezuela than Bolivia were Turkey ($597M), Spain ($518M), and Lebanon ($150M).

In 2021, countries that imported more from Bolivia than Venezuela were India ($2.27B), Argentina ($1.76B), and Brazil ($1.89B).

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

Comparative Advantage Venezuela - Bolivia

Flow
Scale

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

During 2022, Venezuela had a large net trade with Bolivia in the exports of Mineral Products ($724k), Foodstuffs ($527k), and Vegetable Products ($416k).

During 2022, Bolivia had a large net trade with Venezuela in the exports of Mineral Products ($1.44M), Chemical Products ($302k), and Foodstuffs ($218k).

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 Venezuela has comparative advantage over Bolivia. Similarly, the more yellow a dot/product is, the more Bolivia has comparative advantage over Venezuela.

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

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