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2023
Flag → Flag
Exports $200MRnk 15 / 136
2023
Flag → Flag
Top Product $109MSilver
2023
Flag → Flag
Exports $33.9MRnk 121 / 215
2023
Flag → Flag
Top Product $4.27MCars
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Bolivia-Canada Trade: In 2023, Bolivia exported $200M to Canada. The main products that Bolivia exported to Canada were Silver ($109M), Zinc Ore ($52.1M), and Raw Tin ($12.4M). Over the past 5 years the exports of Bolivia to Canada have decreased at an annualized rate of 2.99%, from $233M in 2018 to $200M in 2023.

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

Canada-Bolivia Trade: In 2023, Canada exported $33.9M to Bolivia. The main products that Canada exported to Bolivia were Cars ($4.27M), Industrial Fatty Acids, Oils and Alcohols ($2.43M), and Wheat ($2.34M). Over the past 5 years the exports of Canada to Bolivia have decreased at an annualized rate of 5.81%,  from $45.8M in 2018 to $33.9M in 2023.

In 2023, Canada 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, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Latest Trends

November, 2024

About

Overview In November 2024, Bolivia exported $16.2M and imported $30.8M from Canada, resulting in a negative trade balance of $14.6M. Between November 2023 and November 2024 the exports of Bolivia have increased by $4.16M (34.4%) from $12.1M to $16.2M, while imports increased by $28.3M (1.1k%) from $2.57M to $30.8M.

Trade In November 2024, the top exports of Bolivia to Canada were Silver (including base metals clad with... ($8.7M), Zinc ores and concentrates ($3.04M), Precious metal ores and concentrates ($525k), Edible nuts (excluding nuts chiefly used... ($428k), and Ores and concentrates of other non-ferrous... ($238k). In November 2024 the top imports of Bolivia from Canada were Motor vehicles for the transport of... ($1.02M), Chemical products and preparations, n.e.s. ($513k), Rape, colza and mustard seeds ($234k), Newsprint, in rolls or sheets ($100k), and Leguminous vegetables, dried, shelled, whether or... ($87k).

Origins In November 2024 the exports of Bolivia were mainly from Potosí ($15.3M), Santa Cruz ($449k), Oruro ($188k), Pando ($144k), and Beni ($101k), while imports destinations were mainly Oruro ($28.8M), La Paz ($974k), Santa Cruz ($484k), Potosí ($418k), and Cochabamba ($115k).

Growth In November 2024, the increase in Bolivia's year-by-year exports to Canada was explained primarily by an increase in product exports in Edible nuts (excluding nuts chiefly used... ($257k or 151%). In November 2024, the increase in Bolivia's year-by-year imports  from Canada was explained primarily by an increase in product imports  in Chemical products and preparations, n.e.s. ($241k or 88.3%), Articles of iron or steel, n.e.s. ($34.3k or 1.46k%), and Machinery (other than machine tools) for... ($34k or 2.79k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$4.16M(34.4%)
IMPORT GROWTH (November 2023 - November 2024)$28.3M(1.1k%)
MAIN EXPORTER (November 2024)Potosí$15.3M

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 Canada and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $200M to Canada. The main products exported from Bolivia to Canada were Silver ($109M), Zinc Ore ($52.1M), and Raw Tin ($12.4M). During the last 5 years the exports of Bolivia to Canada have decreased at an annualized rate of 2.99%, from $233M in 2018 to $200M in 2023.

In 2018, Canada exported $33.9M to Bolivia. The main products exported from Canada to Bolivia were Cars ($4.27M), Industrial Fatty Acids, Oils and Alcohols ($2.43M), and Wheat ($2.34M). During the last 5 years the exports of Canada to Bolivia have decreased at an annualized rate of 5.81%, from $45.8M in 2023 to $33.9M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Bolivia than Canada included Argentina ($1.15B) and Burma ($41.3M).

In 2023, countries that imported more from Canada than Bolivia included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Bolivia - Canada

Flow
Scale

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

During 2023, Bolivia had a large net trade with Canada in the exports of Precious Metals ($112M), Mineral Products ($61.5M), and Metals ($12.4M).

During 2018, Canada had a large net trade with Bolivia in the exports of Machines ($10.1M), Transportation ($7.81M), and Chemical Products ($4.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Canada+$13.7MZinc Ore
Top Product Potential Canada Bolivia+$7.21MCars

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

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

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