Observatory of Economic Complexity

Flag Bolivia

Econ Complexity (2018): -0.89, Rank 108 of 137

Product Exports (2018): $9.42B, Rank 90 of 222

Exports Per Capita (2018): $830, Rank 196 of 219

Product Imports (2018): $9.01B, Rank 109 of 221

Imports Per Capita (2018): $793, Rank 214 of 219

Service Exports (2017): $1.25B, Rank 101 of 139

Service Imports (2017): $2.32B, Rank 88 of 139

GDP (2018): $40.3B, CURRENT US$
Rank 95 of 196

GDP growth (2008 - 2018): 142%, CURRENT US$
Rank 12 of 196

GDP PC (2018): $3,549, CURRENT US$
Rank 129 of 196

GDP PC GROWTH (2008 - 2018): 107%, CURRENT US$
Rank 13 of 196

About

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Overview: In 2018 Bolivia was the number 95 economy in the world in terms of GDP (current US$), the number 90 in total exports, the number 109 in total imports, and the number 108 most complex economy according to the Economic Complexity Index (ECI). In 2018, Bolivia exported $9.42B and imported $9.01B, resulting in a positive trade balance of $412M. In 2018, Bolivia's exports per capita were $830 and its imports per capita were $793.

Trade: The top exports of Bolivia are Petroleum Gas ($3.04B), Zinc Ore ($1.61B), Gold ($1.17B), Soybean Meal ($531M), and Precious Metal Ore ($526M). The top imports of Bolivia are Refined Petroleum ($508M), Cars ($410M), Steam Turbines ($322M), Delivery Trucks ($312M), and Pesticides ($241M).

Destinations: Bolivia exports mostly to Brazil ($1.72B), Argentina ($1.45B), India ($723M), Japan ($672M), and South Korea ($579M), and imports mostly from China ($1.55B), Brazil ($1.46B), Chile ($1.13B), Peru ($670M), and Argentina ($633M).

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

Product Trade

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Product Exports

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Depth
Value

Top Export (2018): Petroleum Gas, $3.04B

Top Destination (2018): Brazil, $1.72B

In 2018 Bolivia exported a total of $9.42B, making it the number 90 exporter in the world. During the last five reported years the exports of Bolivia have changed by -$2.63B from $12.1B in 2013 to $9.42B in 2018.

The most recent exports are led by Petroleum Gas ($3.04B), Zinc Ore ($1.61B), Gold ($1.17B), Soybean Meal ($531M), and Precious Metal Ore ($526M). The most common destination for the exports of Bolivia are Brazil ($1.72B), Argentina ($1.45B), India ($723M), Japan ($672M), and South Korea ($579M).

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Product Imports

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Depth
Value

Top Import (2018): Refined Petroleum, $508M

Top Origin (2018): China, $1.55B

In 2018 Bolivia imported $9.01B, making it the number 109 trade destination in the world. During the last five reported years the imports of Bolivia changed by -$903M from $9.91B in 2013 to $9.01B in 2018.

The most recent imports of Bolivia are led by Refined Petroleum ($508M), Cars ($410M), Steam Turbines ($322M), Delivery Trucks ($312M), and Pesticides ($241M). The most common import partners for Bolivia are China ($1.55B), Brazil ($1.46B), Chile ($1.13B), Peru ($670M), and Argentina ($633M).

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Monthly Trade

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Market Growth

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Service Trade

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Service Trade

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Bolivia Exports Services (2017): $1.25B

Bolivia Imports Services (2017): $2.32B

In 2017, Bolivia exported $1.25B worth of services. The top services exported by Bolivia in 2017 were Personal travel ($597M), Other transport ($202M), Air transport ($170M), Business travel ($149M), and Miscellaneous business, professional, and technical services ($38.1M).

The top services imported by Bolivia in 2017 were Personal travel ($649M), Miscellaneous business, professional, and technical services ($367M), Other transport ($316M), Sea transport ($243M), and Air transport ($200M).

Forecasts

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Trade Forecasts

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This section shows forecasts for total product exports and imports for Bolivia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Bolivia are Articles for pocket or handbag, nes (40%) and Articles for pocket or handbag, plastic, textile oute (40%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Bolivia are:
23: AAP.AG N° 02 - Acuerdo de Alcance Parcial para la Liberación y Expansión del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
30: AAP.CE N° 22 Acuerdo de Complementación Económica N° 22
36: AAP.CE N° 36 - Complementación Económica entre MERCOSUR y Bolivia
37: AAP.CE N° 36 - Complementación Económica entre Mercosur y Venezuela
44: AAP.CE N° 47 Acuerdo de Complementación Económica N° 47 Celebrado entre la República de Bolivia y la República de Cuba
66: AAP.CE N° 66 Acuerdo de Complementación Económica No. 66 Celebrado entre los Estados Unidos Mexicanos y el Estado Plurinacional de Bolivia
74: Acuerdo de Alcance Parcial de Complementación Económica N° 70 Suscrito entre el Estado Plurinacional de Bolivia, la República de Cuba, la República de Nicaragua y la República Bolivariana de Venezuela
80: AR.AM N° 02 - Acuerdo Regional de Apertura de Mercados en favor de Ecuador
81: AR.AM N° 03 - Acuerdo Regional de Apertura de Mercados en Favor de Paraguay
82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)
83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)
136: Most Favoured Nation duty rate treatement
311: Preferential tariff for The Andean Community ( Spanish: Comunidad Andina, CAN)

Economic Complexity

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Economic Complexity Ranking

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Scale

During the last 20 years Bolivia's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨67th to the 108th⁩ 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.

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Most Specialized Products by RCA Index

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Bolivia has a high level of specialization in Zinc Ore (223), Buckwheat (171), Precious Metal Ore (170), Raw Tin (156), and Lead Ore (103). 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

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The highest complexity exports of Bolivia according to the product complexity index (PCI) are Producer, water and acetylene gas generators (0.73), Asbestos friction materials and articles thereof (0.048), Ceramic building bricks, flooring blocks and tiles (-0.28), Worked cereal grains except flour, groat, meal, pellet (-0.53), and Jewellery and parts, containing precious metal (-0.62). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Bolivia according to the relatedness index, are Maté (0.11), Raw Cotton (0.1), Wool (0.098), Crude Petroleum (0.097), and Manganese Ore (0.094). 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

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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 it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.

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