About

Overview In 2023, Bolivia was the number 96 economy in the world in terms of GDP (current US$), the number 103 in total exports, the number 114 in total imports, the number 135 economy in terms of GDP per capita (current US$) and the number 105 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Bolivia are Gold ($2.49B), Petroleum Gas ($2.16B), Precious Metal Ore ($871M), Zinc Ore ($860M), and Soybean Meal ($703M), exporting mostly to Brazil ($1.54B), India ($1.33B), China ($1.21B), Argentina ($1.15B), and United Arab Emirates ($901M).

Imports The top imports of Bolivia are Refined Petroleum ($1.86B), Cars ($543M), Pesticides ($298M), Delivery Trucks ($292M), and Rubber Tires ($179M), importing mostly from China ($2.33B), Brazil ($1.86B), Chile ($1.36B), United States ($766M), and Peru ($543M).

Location Bolivia borders Argentina, Brazil, Chile, Paraguay, and Peru by land.

Latest Trends

December, 2023

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Gold$2.49B
Top Destination (2023)Brazil$1.54B

In 2023, Bolivia exported a total of $10.6B, making it the number 103 exporter in the world. During the last five reported years the exports of Bolivia have changed by $1.2B from $9.39B in 2018 to $10.6B in 2023.

The most recent exports are led by Gold ($2.49B), Petroleum Gas ($2.16B), Precious Metal Ore ($871M), Zinc Ore ($860M), and Soybean Meal ($703M). The most common destination for the exports of Bolivia are Brazil ($1.54B), India ($1.33B), China ($1.21B), Argentina ($1.15B), and United Arab Emirates ($901M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
China$557M (+ 85.2%)
Hong Kong$180M (+ 128%)
Fastest Growing Import Markets (2022 - 2023)
Chile$298M (+ 28.2%)
Belgium$88.9M (+ 134%)
Paraguay$69.5M (+ 71.4%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

Type
Flow
Depth
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Service Trade

Service Trade

Bolivia Exports Services (2019)$1.43B
Bolivia Imports Services (2019)$2.55B

In 2019, Bolivia exported $1.43B worth of services. The top services exported by Bolivia in 2019 were Personal travel ($597M), Transportation ($455M), Business travel ($199M), Computer and information services ($69.8M), and Other business services ($62.3M).

The top services imported by Bolivia in 2019 were Transportation ($751M), Personal travel ($643M), Other business services ($390M), Business travel ($286M), and Insurance services ($159M).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Overview

Economic Complexity (Trade)-0.85Rank 105 of 132
Economic Complexity (Research)-0.88Rank 120 of 140

Most Specialized Products by RCA Index

Bolivia has a high level of specialization in Zinc Ore (180), Raw Tin (161), Precious Metal Ore (119), Buckwheat (110), and Lead Ore (108). Specialization is measured using RCA, an index that takes the ratio between Bolivia observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Bolivia according to the product complexity index (PCI) are Friction material and articles thereof (e.g. sheets, rolls, strips, segments, discs, washers,... (0.44), Quaternary ammonium salts and hydroxides; lecithins and other phosphoaminolipids, whether or not... (0.37), Nickel; waste and scrap (0.075), Prepared or preserved meat, meat offal or blood (0.072), and Birds' eggs, not in shell; egg yolks, fresh, dried, cooked by steaming... (0.026). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Bolivia according to the relatedness index, were Aluminium Ore (0.14), Mate (0.13), Sorghum (0.13), Raw Cotton (0.13), and Other Mineral (0.12). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bolivia is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Bolivia. These are products that tend to be co-exported with the products that Bolivia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Bolivia's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨74th to the 105th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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