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2022
Flag → Flag
Exports $27MRnk 26 / 146
2022
Flag → Flag
Top Product $18.9MSoybean Oil
2022
Flag → Flag
Exports $2.86MRnk 82 / 163
2022
Flag → Flag
Top Product $1.27MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Bolivia-Dominican Republic Trade: In 2022, Bolivia exported $27M to Dominican Republic. The main products that Bolivia exported to Dominican Republic were Soybean Oil ($18.9M), Sawn Wood ($3.89M), and Leather Sheets ($1.65M). Over the past 5 years the exports of Bolivia to Dominican Republic have increased at an annualized rate of 49.6%, from $3.6M in 2017 to $27M in 2022.

In 2022, Bolivia did not export any services to Dominican Republic.

Dominican Republic-Bolivia Trade: In 2022, Dominican Republic exported $2.86M to Bolivia. The main products that Dominican Republic exported to Bolivia were Packaged Medicaments ($1.27M), Rolled Tobacco ($314k), and Pens ($314k). Over the past 5 years the exports of Dominican Republic to Bolivia have increased at an annualized rate of 12.5%,  from $1.12M in 2017 to $2.86M in 2022.

In 2022, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $304k and imported $124k from Dominican Republic, resulting in a positive trade balance of $180k. Between December 2022 and December 2023 the exports of Bolivia have decreased by $-288k (-48.6%) from $592k to $304k, while imports decreased by $-102k (-45.1%) from $226k to $124k.

Trade In December 2023, the top exports of Bolivia to Dominican Republic were Wood of non-coniferous species, sawn or... ($220k), Whole bovine skin leather, without hair... ($72.6k), and Motor spirit (gasoline) and other light... ($2.12k). In December 2023 the top imports of Bolivia from Dominican Republic were Medicaments, n.e.s. ($154k), Medicaments containing antibiotics or derivatives thereof ($62.1k), Monumental or building stone, worked, and... ($15.2k), Instruments and appliances used in medical,... ($12.1k), and Preparations for use on the hair ($9.25k).

Origins In December 2023 the exports of Bolivia were mainly from Santa Cruz ($210k), La Paz ($65.9k), and Cochabamba ($27.9k), while imports destinations were mainly Santa Cruz ($74.9k) and La Paz ($49.3k).

Growth In December 2023, the decrease in Bolivia's year-by-year exports to Dominican Republic was explained primarily by an decrease in product exports in Whole bovine skin leather, without hair... ($-77.4k or -51.6%) and Wood of non-coniferous species, sawn or... ($-45.5k or -17.1%). In December 2023, the decrease in Bolivia's year-by-year imports  from Dominican Republic was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$-288k(-48.6%)
IMPORT GROWTH (December 2022 - December 2023)$-102k(-45.1%)
MAIN EXPORTER (December 2023)Santa Cruz$210k

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 Dominican Republic and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Dominican Republic and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $27M to Dominican Republic. The main products exported from Bolivia to Dominican Republic were Soybean Oil ($18.9M), Sawn Wood ($3.89M), and Leather Sheets ($1.65M). During the last 5 years the exports of Bolivia to Dominican Republic have increased at an annualized rate of 49.6%, from $3.6M in 2017 to $27M in 2022.

In 2017, Dominican Republic exported $2.86M to Bolivia. The main products exported from Dominican Republic to Bolivia were Packaged Medicaments ($1.27M), Rolled Tobacco ($314k), and Pens ($314k). During the last 5 years the exports of Dominican Republic to Bolivia have increased at an annualized rate of 12.5%, from $1.12M in 2022 to $2.86M in 2017.

Exports from Bolivia (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Bolivia (Flag) (2022)

Market Competitiveness

Color
Bolivia
Top DestinationIndia$2.27B
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Bolivia than Dominican Republic included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

In 2022, countries that imported more from Dominican Republic than Bolivia included United States ($6.85B), Switzerland ($1.08B), and Haiti ($1.02B).

Difference in imports from Dominican Republic (Flag) and Bolivia (Flag) (2022)

Comparative Advantage Bolivia - Dominican Republic

Flow
Scale

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

During 2022, Bolivia had a large net trade with Dominican Republic in the exports of Animal and Vegetable Bi-Products ($18.9M), Wood Products ($4.38M), and Animal Hides ($2.96M).

During 2017, Dominican Republic had a large net trade with Bolivia in the exports of Chemical Products ($1.34M), Foodstuffs ($557k), and Miscellaneous ($453k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Dominican Republic+$136kRefined Petroleum
Top Product Potential Dominican Republic Bolivia+$481kRolled Tobacco

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

Product Space of Bolivia (Flag) and Dominican Republic (Flag) (2022)

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