2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH
84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC 
$3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC
$8,575CURRENT US$
Rnk 93 / 196
2013-2023
Flag
GDP PC GROWTH
94.3%CURRENT US$
Rnk 10 / 195

About

Bolivia-Albania Trade: In 2023, Bolivia exported $4.15k to Albania. The main products that Bolivia exported to Albania were Coconuts, Brazil Nuts, and Cashews ($4.15k). Over the past 12 years the exports of Bolivia to Albania have decreased at an annualized rate of 21.4%, from $74.5k in 2011 to $4.15k in 2023.

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

Albania-Bolivia Trade: In 2023, Albania exported $27.3k to Bolivia. The main products that Albania exported to Bolivia were Glues ($18.5k), Cellulose Fibers Paper ($2.06k), and Motor vehicles; parts and accessories (8701 to 8705) ($1.85k). Over the past 12 years the exports of Albania to Bolivia have decreased at an annualized rate of 16.5%,  from $67.1k in 2011 to $27.3k in 2023.

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

Comparison: In 2023,  Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $4.15k to Albania. The main products exported from Bolivia to Albania were Coconuts, Brazil Nuts, and Cashews ($4.15k). During the last 12 years the exports of Bolivia to Albania have decreased at an annualized rate of 21.4%, from $74.5k in 2011 to $4.15k in 2023.

In 2018, Albania exported $27.3k to Bolivia. The main products exported from Albania to Bolivia were Glues ($18.5k), Cellulose Fibers Paper ($2.06k), and Motor vehicles; parts and accessories (8701 to 8705) ($1.85k). During the last 5 years the exports of Albania to Bolivia have decreased at an annualized rate of 16.5%, from $67.1k in 2023 to $27.3k in 2018.

Exports from Bolivia (Flag) to Albania (Flag) (2023)

Exports from Albania (Flag) to Bolivia (Flag) (2023)

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Albania
Top Destination
Italy$1.72B

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

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

In 2023, countries that imported more from Albania than Bolivia included Italy ($1.72B), Greece ($409M), and Serbia ($188M).

Difference in imports from Albania (Flag) and Bolivia (Flag) (2023)

Comparative Advantage Bolivia - Albania

Flow
Scale

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

During 2023, Bolivia had a large net trade with Albania in the exports of Vegetable Products ($4.15k).

During 2018, Albania had a large net trade with Bolivia in the exports of Chemical Products ($18.6k), Machines ($2.4k), and Paper Goods ($2.06k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Albania+$2.73kPetroleum Gas
Top Product Potential Albania Bolivia+$22.1kFerroalloys

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

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

Product Space of Bolivia (Flag) and Albania (Flag) (2023)

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