Overview In 2021, Bolivia was the number 89 economy in the world in terms of GDP (current US$), the number 90 in total exports, the number 118 in total imports, the number 125 economy in terms of GDP per capita (current US$) and the number 106 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Bolivia are Gold ($2.55B), Petroleum Gas ($2.33B), Zinc Ore ($1.29B), Precious Metal Ore ($897M), and Soybean Meal ($720M), exporting mostly to India ($1.86B), Brazil ($1.45B), Argentina ($1.04B), Japan ($912M), and Colombia ($716M).

Imports The top imports of Bolivia are Refined Petroleum ($760M), Cars ($349M), Raw Iron Bars ($253M), Pesticides ($206M), and Delivery Trucks ($199M), importing mostly from Brazil ($1.56B), China ($1.53B), Chile ($886M), Peru ($701M), and United States ($529M).

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

December, 2021

Historical Data

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Top Export (2021): Gold, $2.55B

Top Destination (2021): India, $1.86B

In 2021, Bolivia exported a total of $11.3B, making it the number 90 exporter in the world. During the last five reported years the exports of Bolivia have changed by $3.78B from $7.55B in 2016 to $11.3B in 2021.

The most recent exports are led by Gold ($2.55B), Petroleum Gas ($2.33B), Zinc Ore ($1.29B), Precious Metal Ore ($897M), and Soybean Meal ($720M). The most common destination for the exports of Bolivia are India ($1.86B), Brazil ($1.45B), Argentina ($1.04B), Japan ($912M), and Colombia ($716M).

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Fastest Growing Export Markets (2020 - 2021)

Fastest Growing Import Markets (2020 - 2021)

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).

Economic Complexity

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Most Specialized Products by RCA Index

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Bolivia has a high level of specialization in Zinc Ore (194), Raw Tin (151), Precious Metal Ore (136), Buckwheat (95.5), and Tin Ores (93.3). 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 Water and Gas Generators (0.34), Friction Material (0.25), Other Leather Articles (-0.11), Scrap Nickel (-0.18), and Inorganic Salts (-0.31). 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, were Manganese Ore (0.13), Maté (0.12), Crude Petroleum (0.11), Cocoa Beans (0.11), and Raw Cotton (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

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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

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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

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During the last 20 years Bolivia's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨nullth to the 106th⁩ 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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