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

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.

Latest Trends (December, 2019)

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Overview: In December 2019 Bolivia exported $728M and imported $994M, resulting in a negative trade balance of $267M. Between December 2018 and December 2019 the exports of Bolivia have increased by $122M (20.1%) from $606M to $728M, while imports increased by $43.4M (4.56%) from $951M to $994M.

Trade: In December 2019 the top exports of Bolivia were Natural gas, in the gaseous state ($188M), Gold, non-monetary (excluding gold ores and... ($171M), Zinc ores and concentrates ($119M), Precious metal ores and concentrates ($46.8M), and Tin and tin alloys, unwrought ($20.9M). In December 2019 the top imports of Bolivia were Gas oils ($146M), Motor spirit (gasoline) and other light... ($38.3M), Insecticides put up in forms or... ($34.2M), Food preparations, n.e.s. ($26.2M), and Motor vehicles for the transport of... ($25.2M).

Origins: In December 2019 the exports of Bolivia were mainly from Potos铆 ($176M), Santa Cruz ($161M), La Paz ($114M), Tarija ($110M), and Beni ($92.1M), while imports destinations were mainly Santa Cruz ($431M), La Paz ($210M), Oruro ($183M), Cochabamba ($83.5M), and Tarija ($53.3M).

Destinations: In December 2019 Bolivia exported mostly to India ($130M), Brazil ($109M), Argentina ($93.4M), Japan ($54.2M), and China ($41.5M), and imported mostly from China ($207M), Argentina ($153M), Brazil ($151M), Chile ($66.8M), and Peru ($57.5M).

Growth: In December 2019, the increase in Bolivia's year-by-year exports was explained primarily by an increase in exports to India ($67.1M or 108%), Australia ($20.7M or 248%), and Argentina ($16.3M or 21.2%), and product exports increase in Gold, non-monetary (excluding gold ores and... ($79.1M or 86%), Natural gas, in the gaseous state ($21.7M or 13%), and Precious metal ores and concentrates ($13.4M or 40%). In December 2019, the increase in Bolivia's year-by-year imports was explained primarily by an increase in imports from Argentina ($74.8M or 95.1%), Chile ($19M or 39.6%), and Brazil ($16.9M or 12.5%), and product imports increase in Gas oils ($66.3M or 83.3%), Food preparations, n.e.s. ($11.8M or 82.5%), and Insecticides put up in forms or... ($10M or 41.3%).

Flow
Value

EXPORT GROWTH (December 2018 - December 2019): $122M, (20.1%)

IMPORT GROWTH (December 2018 - December 2019): $43.4M, (4.56%)

MAIN EXPORTER (December 2019): Potos铆, $176M

MAIN DESTINATION (December 2019): India, $130M

This section shows exports and imports data at subnational level for Bolivia. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Bolivia over time.

Product Exports

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Value
Depth

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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Value
Depth

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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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

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 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掳 02 - Acuerdo de Alcance Parcial para la Liberaci贸n y Expansi贸n del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
30: AAP.CE N掳 22 Acuerdo de Complementaci贸n Econ贸mica N掳 22
36: AAP.CE N掳 36 - Complementaci贸n Econ贸mica entre MERCOSUR y Bolivia
37: AAP.CE N掳 36 - Complementaci贸n Econ贸mica entre Mercosur y Venezuela
44: AAP.CE N掳 47 Acuerdo de Complementaci贸n Econ贸mica N掳 47 Celebrado entre la Rep煤blica de Bolivia y la Rep煤blica de Cuba
66: AAP.CE N掳 66 Acuerdo de Complementaci贸n Econ贸mica No. 66 Celebrado entre los Estados Unidos Mexicanos y el Estado Plurinacional de Bolivia
74: Acuerdo de Alcance Parcial de Complementaci贸n Econ贸mica N掳 70 Suscrito entre el Estado Plurinacional de Bolivia, la Rep煤blica de Cuba, la Rep煤blica de Nicaragua y la Rep煤blica Bolivariana de Venezuela
80: AR.AM N掳 02 - Acuerdo Regional de Apertura de Mercados en favor de Ecuador
81: AR.AM N掳 03 - Acuerdo Regional de Apertura de Mercados en Favor de Paraguay
82: AR.CEYC N掳 7 Acuerdo de Cooperaci贸n e Intercambio en las 脕reas Cultural, Educacional y Cient铆fica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, M茅xico, Panam谩, Paraguay, Per煤, Uruguay)
83: AR.PAR N掳 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador M茅xico Panam谩 Paraguay Per煤 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鈦 鈦╡conomy has become relatively less complex, moving from the 鈦┾仺67th to the 108th鈦 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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Comparison Map

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Value

This section shows exports, imports and economic complexity data at subnational level for Bolivia. Click any of the Department in the geomap to visit the specific subnational profile.

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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 Mat茅 (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.

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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Depth

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.