2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186

About

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 In N/A, Bolivia did not export any products to Australia.

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
Value

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.

Bolivia does not register exports 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).

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

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

Latest Data

Trade between Australia (Flag) and Bolivia (Flag)

Australia Exports

Bolivia Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
Bolivia
Top Destination
India$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 (Flag) and Australia (Flag) (2022)

Comparative Advantage Australia - Bolivia

Flow
Scale

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).

Potential Exports

Potential Exports

Depth
View
Sort By
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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with