2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 186

About

Bolivia-Bangladesh Trade: In 2022, Bolivia exported $475k to Bangladesh. The main products that Bolivia exported to Bangladesh were Surveying Equipment ($353k), Other Oily Seeds ($68.8k), and Stone Processing Machines ($45.3k). Over the past 7 years the exports of Bolivia to Bangladesh have increased at an annualized rate of 14.5%, from $185k in 2015 to $475k in 2022.

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

Bangladesh-Bolivia Trade: In 2022, Bangladesh exported $4.69M to Bolivia. The main products that Bangladesh exported to Bolivia were Packaged Medicaments ($792k), Non-Knit Men's Suits ($545k), and Leather Footwear ($506k). Over the past 7 years the exports of Bangladesh to Bolivia have increased at an annualized rate of 15.7%,  from $2.26M in 2015 to $4.69M in 2022.

In 2022, Bangladesh 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, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $475k to Bangladesh. The main products exported from Bolivia to Bangladesh were Surveying Equipment ($353k), Other Oily Seeds ($68.8k), and Stone Processing Machines ($45.3k). During the last 7 years the exports of Bolivia to Bangladesh have increased at an annualized rate of 14.5%, from $185k in 2015 to $475k in 2022.

In 2017, Bangladesh exported $4.69M to Bolivia. The main products exported from Bangladesh to Bolivia were Packaged Medicaments ($792k), Non-Knit Men's Suits ($545k), and Leather Footwear ($506k). During the last 5 years the exports of Bangladesh to Bolivia have increased at an annualized rate of 15.7%, from $2.26M in 2022 to $4.69M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Bangladesh
Top Destination
United States$11.7B

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

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

In 2022, countries that imported more from Bangladesh than Bolivia included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

Comparative Advantage Bolivia - Bangladesh

Flow
Scale

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

During 2022, Bolivia had a large net trade with Bangladesh in the exports of Instruments ($354k), Vegetable Products ($68.8k), and Machines ($45.6k).

During 2017, Bangladesh had a large net trade with Bolivia in the exports of Textiles ($2.82M), Chemical Products ($880k), and Footwear and Headwear ($543k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Bangladesh+$90.5kOther Oily Seeds
Top Product Potential Bangladesh Bolivia+$781kKnit T-shirts

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

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

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