2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 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
$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Bolivia-Australia Trade: In 2023, Bolivia exported $75.4M to Australia. The main products that Bolivia exported to Australia were Zinc Ore ($48.3M), Precious Metal Ore ($18.3M), and Coconuts, Brazil Nuts, and Cashews ($3.59M). Over the past 5 years the exports of Bolivia to Australia have decreased at an annualized rate of 15.3%, from $173M in 2018 to $75.4M in 2023.

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

Australia-Bolivia Trade: In 2023, Australia exported $7.87M to Bolivia. The main products that Australia exported to Bolivia were High-voltage Protection Equipment ($1.33M), Other Construction Vehicles ($1.32M), and Stone Processing Machines ($1.19M). Over the past 5 years the exports of Australia to Bolivia have increased at an annualized rate of 4.83%,  from $6.22M in 2018 to $7.87M in 2023.

In 2023, Australia 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, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $75.4M to Australia. The main products exported from Bolivia to Australia were Zinc Ore ($48.3M), Precious Metal Ore ($18.3M), and Coconuts, Brazil Nuts, and Cashews ($3.59M). During the last 5 years the exports of Bolivia to Australia have decreased at an annualized rate of 15.3%, from $173M in 2018 to $75.4M in 2023.

In 2018, Australia exported $7.87M to Bolivia. The main products exported from Australia to Bolivia were High-voltage Protection Equipment ($1.33M), Other Construction Vehicles ($1.32M), and Stone Processing Machines ($1.19M). During the last 5 years the exports of Australia to Bolivia have increased at an annualized rate of 4.83%, from $6.22M in 2023 to $7.87M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Australia
Top Destination
China$137B

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

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

In 2023, countries that imported more from Australia than Bolivia included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Bolivia - Australia

Flow
Scale

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

During 2023, Bolivia had a large net trade with Australia in the exports of Mineral Products ($66.7M), Vegetable Products ($7.81M), and Foodstuffs ($559k).

During 2018, Australia had a large net trade with Bolivia in the exports of Machines ($4.82M), Transportation ($973k), and Instruments ($787k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Australia+$726kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Australia Bolivia+$650kMotor vehicles; parts and accessories (8701 to 8705)

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

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

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