Austria (AUT) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Austria-Bolivia Trade: In 2023, Austria exported $21.3M to Bolivia. The main products that Austria exported to Bolivia were Rubberworking Machinery ($5.11M), Motorcycles and cycles ($1.58M), and Vaccines, blood, antisera, toxins and cultures ($1.42M). Over the past 5 years the exports of Austria to Bolivia have decreased at an annualized rate of 16.2%, from $51.5M in 2018 to $21.3M in 2023.

In 2023, Austria did not export any services to Bolivia.

Bolivia-Austria Trade: In 2023, Bolivia exported $22.4M to Austria. The main products that Bolivia exported to Austria were Raw Tin ($12.9M), Other Ores ($3.28M), and Tungsten Ore ($2.61M). Over the past 5 years the exports of Bolivia to Austria have increased at an annualized rate of 10.3%, from $13.7M in 2018 to $22.4M in 2023.

In 2023, Bolivia did not export any services to Austria.

Comparison: In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Austria exported $21.3M to Bolivia. The main products exported from Austria to Bolivia were Rubberworking Machinery ($5.11M), Motorcycles and cycles ($1.58M), and Vaccines, blood, antisera, toxins and cultures ($1.42M). During the last 5 years the exports of Austria to Bolivia have decreased at an annualized rate of 16.2%, from $51.5M in 2018 to $21.3M in 2023.

In 2018, Bolivia exported $22.4M to Austria. The main products exported from Bolivia to Austria were Raw Tin ($12.9M), Other Ores ($3.28M), and Tungsten Ore ($2.61M). During the last 5 years the exports of Bolivia to Austria have increased at an annualized rate of 10.3%, from $13.7M in 2023 to $22.4M in 2018.

Exports from Austria () to Bolivia () (2023)

Exports from Bolivia () to Austria () (2023)

Latest Data

Trade between Austria () and Bolivia ()

Austria Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Austria than Bolivia included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from Bolivia than Austria included Argentina ($1.15B), Peru ($622M), and Colombia ($687M).

Difference in imports from Bolivia () and Austria () (2023)

Comparative Advantage Austria - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Austria had a large net trade with Bolivia in the exports of Machines ($10M), Transportation ($3.07M), and Chemical Products ($2.18M).

During 2018, Bolivia had a large net trade with Austria in the exports of Metals ($12.9M), Mineral Products ($6.15M), and Vegetable Products ($1.68M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Bolivia+$1.32MVaccines, blood, antisera, toxins and cultures

Top Product Potential Bolivia Austria+$223kZinc Ore

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 Austria and Bolivia. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Austria.

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Historical Data

Bilateral Trade by Products

Exports from Austria () to Bolivia () (2023)

Exports from Bolivia () to Austria () (2023)

Latest Data

Trade between Austria () and Bolivia ()

Austria Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Austria () (2023)

Comparative Advantage Austria - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Bolivia () (2023)

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