Overview In 2020 Bolivia was the number 93 economy in the world in terms of GDP (current US$), the number 100 in total exports, the number 117 in total imports, the number 134 economy in terms of GDP per capita (current US$) and the number 100 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Bolivia are Petroleum Gas ($2.02B), Gold ($1.23B), Zinc Ore ($566M), Precious Metal Ore ($517M), and Soybean Meal ($503M), exporting mostly to Brazil ($1.12B), Argentina ($1.03B), India ($719M), Peru ($477M), and China ($388M).

Imports The top imports of Bolivia are Refined Petroleum ($510M), Cars ($233M), Pesticides ($173M), Delivery Trucks ($168M), and Raw Iron Bars ($147M), importing mostly from China ($1.26B), Brazil ($1.1B), Chile ($791M), Peru ($535M), and Argentina ($516M).

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

December, 2021

Historical Data

#permalink to section
Flow
Value
Compare to
Depth

Top Export (2020): Petroleum Gas, $2.02B

Top Destination (2020): Brazil, $1.26B

In 2020, Bolivia exported a total of $7.02B, making it the number 100 exporter in the world. During the last five reported years the exports of Bolivia have changed by -$1.99B from $9.02B in 2015 to $7.02B in 2020.

The most recent exports are led by Petroleum Gas ($2.02B), Gold ($1.23B), Zinc Ore ($566M), Precious Metal Ore ($517M), and Soybean Meal ($503M). The most common destination for the exports of Bolivia are Brazil ($1.12B), Argentina ($1.03B), India ($719M), Peru ($477M), and China ($388M).

Explore Visualizations

Flow
View
Label

Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

Tariffs by Product

#permalink to section

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.

*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

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Bolivia has a high level of specialization in Buckwheat (180), Zinc Ore (170), Raw Tin (153), Precious Metal Ore (122), and Tin Ores (110). 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

#permalink to section

The highest complexity exports of Bolivia according to the product complexity index (PCI) are Self-propelled earth moving, road making, etc machines (0.78), Textile felt (0.66), Asbestos friction materials and articles thereof (0.34), Nickel waste or scrap (0.057), and Articles of leather and composition leather, nes (-0.061). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Bolivia according to the relatedness index, are Manganese Ore (0.13), Raw Cotton (0.11), Cocoa Beans (0.11), Maté (0.11), and Niobium, Tantalum, Vanadium and Zirconium Ore (0.11). 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 a country currently specializes in.

Relatedness Space

#permalink to section

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.

Diversification Frontier

#permalink to section
Filter
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.

Economic Complexity Ranking

#permalink to section
Scale

During the last 19 years Bolivia's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨62nd to the 100th⁩ 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