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Pricing

2022
Flag → Flag
Exports $343kRnk 77 / 146
2022
Flag → Flag
Top Product $266kStone Processing Machines
2022
Flag → Flag
Exports $271Rnk 136 / 141
2022
Flag → Flag
Top Product $271Valves
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
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GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
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GDP PC $3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Bolivia-Azerbaijan Trade: In 2022, Bolivia exported $343k to Azerbaijan. The main products that Bolivia exported to Azerbaijan were Stone Processing Machines ($266k), Iron Fasteners ($42.5k), and Coconuts, Brazil Nuts, and Cashews ($14.1k). Over the past 5 years the exports of Bolivia to Azerbaijan have increased at an annualized rate of 37.8%, from $69.2k in 2017 to $343k in 2022.

In 2022, Bolivia did not export any services to Azerbaijan.

Azerbaijan-Bolivia Trade: In 2022, Azerbaijan exported $271 to Bolivia. The main products that Azerbaijan exported to Bolivia were Valves ($271). Over the past 5 years the exports of Azerbaijan to Bolivia have decreased at an annualized rate of 48%,  from $7.14k in 2017 to $271 in 2022.

In 2022, Azerbaijan did not export any services to Bolivia.

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Latest Trends

N/A

About

Overview In N/A, Bolivia exported $N/A and imported $N/A from Azerbaijan, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Bolivia have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Bolivia to Azerbaijan were . In N/A the top imports of Bolivia from Azerbaijan were .

Origins In N/A the exports of Bolivia were mainly from N/A, while imports destinations were mainly N/A.

Growth In N/A, the N/A in Bolivia's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in . In N/A, the N/A in Bolivia's year-by-year imports  from Azerbaijan was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value

This section shows exports and imports data at subnational level for Bolivia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Bolivia over time.

To check Azerbaijan and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $343k to Azerbaijan. The main products exported from Bolivia to Azerbaijan were Stone Processing Machines ($266k), Iron Fasteners ($42.5k), and Coconuts, Brazil Nuts, and Cashews ($14.1k). During the last 5 years the exports of Bolivia to Azerbaijan have increased at an annualized rate of 37.8%, from $69.2k in 2017 to $343k in 2022.

In 2017, Azerbaijan exported $271 to Bolivia. The main products exported from Azerbaijan to Bolivia were Valves ($271). During the last 5 years the exports of Azerbaijan to Bolivia have decreased at an annualized rate of 48%, from $7.14k in 2022 to $271 in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationIndia$2.27B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Bolivia than Azerbaijan included Brazil ($1.89B), Argentina ($1.76B), and Colombia ($1.06B).

In 2022, countries that imported more from Azerbaijan than Bolivia included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan (Flag) and Bolivia (Flag) (2022)

Comparative Advantage Bolivia - Azerbaijan

Flow
Scale

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

During 2022, Bolivia had a large net trade with Azerbaijan in the exports of Machines ($266k), Metals ($51k), and Vegetable Products ($17.7k).

During 2017, Azerbaijan had a large net trade with Bolivia in the exports of Machines ($271).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Azerbaijan+$25.5kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Azerbaijan Bolivia+$3.61kRefined Petroleum

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

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

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