2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 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
$7,829CURRENT US$
Rnk 98 / 196
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195

About

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.

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 78.8%,  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.

Comparison: In 2023,  Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B). That same year, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $313k in 2023.

In 2018, 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 78.8%, from $417k in 2023 to $13.6M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Belarus
Top Destination
China$2.6B

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

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

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

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

Comparative Advantage Bolivia - Belarus

Flow
Scale

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

During 2023, Bolivia had a large net trade with Belarus in the exports of Vegetable Products ($313k).

During 2018, Belarus had a large net trade with Bolivia in the exports of Transportation ($12.8M), Chemical Products ($671k), and Instruments ($84.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Belarus+$3.44kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Belarus Bolivia+$30.1kMotor 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 Belarus. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Bolivia.

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

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