Overview: In 2018 Bolivia was the number 95 economy in the world in terms of GDP (current US$), the number 90 in total exports, the number 109 in total imports,
the number 129 economy in terms of GDP per capita (current US$) and the number 108 most complex economy according to the Economic Complexity Index (ECI)
Overview: In September 2020 Bolivia exported $491M and imported $627M, resulting in a negative trade balance of $136M. Between September 2019 and September 2020 the exports of Bolivia have decreased by $-280M (-36.3%) from $771M to $491M, while imports decreased by $-106M (-14.5%) from $733M to $627M.
Origins: In September 2020 the exports of Bolivia were mainly from Santa Cruz ($159M), Potosí ($125M), Tarija ($82.6M), La Paz ($56.9M), and Oruro ($29.2M), while imports destinations were mainly Santa Cruz ($240M), La Paz ($156M), Oruro ($91.1M), Tarija ($66.4M), and Cochabamba ($45.4M).
Destinations: In September 2020, Bolivia exported mostly to Brazil ($78.7M), Argentina ($78M), Japan ($69.4M), China ($45.6M), and Peru ($37.1M), and imported mostly from China ($149M), Brazil ($96.5M), Argentina ($69.2M), Peru ($54.1M), and Chile ($46.9M).
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.
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.
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.
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).
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.
*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 TM8030: AAP.CE N° 22 Acuerdo de Complementación Económica N° 2236: AAP.CE N° 36 - Complementación Económica entre MERCOSUR y Bolivia37: AAP.CE N° 36 - Complementación Económica entre Mercosur y Venezuela44: AAP.CE N° 47 Acuerdo de Complementación Económica N° 47 Celebrado entre la República de Bolivia y la República de Cuba66: AAP.CE N° 66 Acuerdo de Complementación Económica No. 66 Celebrado entre los Estados Unidos Mexicanos y el Estado Plurinacional de Bolivia74: 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 Venezuela80: AR.AM N° 02 - Acuerdo Regional de Apertura de Mercados en favor de Ecuador81: AR.AM N° 03 - Acuerdo Regional de Apertura de Mercados en Favor de Paraguay82: 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 treatement311: Preferential tariff for The Andean Community ( Spanish: Comunidad Andina, CAN)
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.
This section shows exports, imports and economic complexity data at subnational level for Bolivia. Click any of the Deparment in the geomap to visit the specific subnational profile.
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.
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.
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.
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.
Bolivia
