Belarus (BLR) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Belarus-Bolivia Trade: In 2023, Belarus exported $13.6M to Bolivia. The main products that Belarus exported to Bolivia were Self-Propelled Rail Transport ($12.8M), Potassic Fertilizers ($592k), and X-Ray Equipment ($84.1k). Over the past 5 years the exports of Belarus to Bolivia have increased at an annualized rate of 101%, from $417k in 2018 to $13.6M in 2023.

In 2014, Belarus exported services to Bolivia worth $635, with Insurance services ($635) being the largest in terms of value.

Bolivia-Belarus Trade: In 2023, Bolivia exported $313k to Belarus. The main products that Bolivia exported to Belarus were Coconuts, Brazil Nuts, and Cashews ($313k). Over the past 5 years the exports of Bolivia to Belarus have decreased at an annualized rate of 22.4%, from $1.11M in 2018 to $313k in 2023.

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

Comparison: In 2023, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). 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, Belarus exported $13.6M to Bolivia. The main products exported from Belarus to Bolivia were Self-Propelled Rail Transport ($12.8M), Potassic Fertilizers ($592k), and X-Ray Equipment ($84.1k). During the last 5 years the exports of Belarus to Bolivia have increased at an annualized rate of 101%, from $417k in 2018 to $13.6M in 2023.

In 2018, Bolivia exported $313k to Belarus. The main products exported from Bolivia to Belarus were Coconuts, Brazil Nuts, and Cashews ($313k). During the last 5 years the exports of Bolivia to Belarus have decreased at an annualized rate of 22.4%, from $1.11M in 2023 to $313k in 2018.

Exports from Belarus () to Bolivia () (2023)

Exports from Bolivia () to Belarus () (2023)

Latest Data

Trade between Belarus () and Bolivia ()

Belarus Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belarus
Top DestinationChina$2.6B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Belarus than Bolivia included China ($2.6B), Kazakhstan ($757M), and Uzbekistan ($509M).

In 2023, countries that imported more from Bolivia than Belarus included India ($1.33B), Argentina ($1.15B), and Brazil ($1.54B).

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

Comparative Advantage Belarus - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Belarus had a large net trade with Bolivia in the exports of Transportation ($12.8M), Chemical Products ($671k), and Instruments ($84.3k).

During 2018, Bolivia had a large net trade with Belarus in the exports of Vegetable Products ($313k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Belarus Bolivia+$30.1kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Bolivia Belarus+$3.44kCoconuts, 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 Belarus and Bolivia. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Belarus.

About

Historical Data

Bilateral Trade by Products

Exports from Belarus () to Bolivia () (2023)

Exports from Bolivia () to Belarus () (2023)

Latest Data

Trade between Belarus () and Bolivia ()

Belarus Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Belarus - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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