Australia (AUS) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Australia-Bolivia Trade: In 2022, Australia exported $5.31M to Bolivia. The main products that Australia exported to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($1M), High-voltage Protection Equipment ($928k), and Cyanides ($773k). Over the past 5 years the exports of Australia to Bolivia have decreased at an annualized rate of 1.48%, from $5.72M in 2017 to $5.31M in 2022.

In 2022, Australia did not export any services to Bolivia.

Bolivia-Australia Trade: In 2022, Bolivia exported $194M to Australia. The main products that Bolivia exported to Australia were Zinc Ore ($163M), Precious Metal Ore ($21.3M), and Coconuts, Brazil Nuts, and Cashews ($4.62M). Over the past 5 years the exports of Bolivia to Australia have increased at an annualized rate of 5.38%, from $149M in 2017 to $194M in 2022.

In 2022, Bolivia did not export any services to Australia.

Comparison: In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $5.31M to Bolivia. The main products exported from Australia to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($1M), High-voltage Protection Equipment ($928k), and Cyanides ($773k). During the last 5 years the exports of Australia to Bolivia have decreased at an annualized rate of 1.48%, from $5.72M in 2017 to $5.31M in 2022.

In 2017, Bolivia exported $194M to Australia. The main products exported from Bolivia to Australia were Zinc Ore ($163M), Precious Metal Ore ($21.3M), and Coconuts, Brazil Nuts, and Cashews ($4.62M). During the last 5 years the exports of Bolivia to Australia have increased at an annualized rate of 5.38%, from $149M in 2022 to $194M in 2017.

Exports from Australia () to Bolivia () (2022)

Exports from Bolivia () to Australia () (2022)

Latest Data

Trade between Australia () and Bolivia ()

Australia Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Bolivia
Top DestinationIndia$2.27B

This map shows whether countries import more from Australia or Bolivia. Each country is colored based on the difference in imports they receive from Australia and Bolivia or the difference in the growth in imports.

In 2022, countries that imported more from Australia than Bolivia included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Bolivia than Australia included Argentina ($1.76B), Colombia ($1.06B), and Peru ($885M).

Difference in imports from Bolivia () and Australia () (2022)

Comparative Advantage Australia - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Australia and Bolivia by product, considering products traded by both, Australia and Bolivia.

During 2022, Australia had a large net trade with Bolivia in the exports of Machines ($2.62M), Transportation ($1M), and Chemical Products ($885k).

During 2017, Bolivia had a large net trade with Australia in the exports of Mineral Products ($184M), Vegetable Products ($8.58M), and Foodstuffs ($529k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Bolivia+$650kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Bolivia Australia+$726kCoconuts, Brazil Nuts, and Cashews

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Australia and Bolivia. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Australia.

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Historical Data

Bilateral Trade by Products

Exports from Australia () to Bolivia () (2022)

Exports from Bolivia () to Australia () (2022)

Latest Data

Trade between Australia () and Bolivia ()

Australia Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Australia () (2022)

Comparative Advantage Australia - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Australia () and Bolivia () (2022)

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