2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 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
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Bolivia-Germany Trade: In 2022, Bolivia exported $113M to Germany. The main products that Bolivia exported to Germany were Raw Tin ($60M), Coconuts, Brazil Nuts, and Cashews ($22.1M), and Zinc Ore ($12M). Over the past 5 years the exports of Bolivia to Germany have increased at an annualized rate of 3.49%, from $95M in 2017 to $113M in 2022.

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

Germany-Bolivia Trade: In 2022, Germany exported $200M to Bolivia. The main products that Germany exported to Bolivia were Combustion Engines ($17.1M), Electric Generating Sets ($11.5M), and Refined Petroleum ($9.88M). Over the past 5 years the exports of Germany to Bolivia have decreased at an annualized rate of 1.34%,  from $214M in 2017 to $200M in 2022.

In 2022, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $113M to Germany. The main products exported from Bolivia to Germany were Raw Tin ($60M), Coconuts, Brazil Nuts, and Cashews ($22.1M), and Zinc Ore ($12M). During the last 5 years the exports of Bolivia to Germany have increased at an annualized rate of 3.49%, from $95M in 2017 to $113M in 2022.

In 2017, Germany exported $200M to Bolivia. The main products exported from Germany to Bolivia were Combustion Engines ($17.1M), Electric Generating Sets ($11.5M), and Refined Petroleum ($9.88M). During the last 5 years the exports of Germany to Bolivia have decreased at an annualized rate of 1.34%, from $214M in 2022 to $200M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Germany
Top Destination
United States$153B

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

In 2022, no countries were registered that imported more from Bolivia than from Germany.

In 2022, countries that imported more from Germany than Bolivia included United States ($153B), France ($120B), and Netherlands ($109B).

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

Comparative Advantage Bolivia - Germany

Flow
Scale

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

During 2022, Bolivia had a large net trade with Germany in the exports of Metals ($60.3M), Vegetable Products ($30.7M), and Mineral Products ($12M).

During 2017, Germany had a large net trade with Bolivia in the exports of Machines ($102M), Chemical Products ($30.9M), and Instruments ($16.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Germany+$7.94MZinc Ore
Top Product Potential Germany Bolivia+$11.8MCars

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

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

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