2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH
87.3%CURRENT US$
Rnk 23 / 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
$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH
67.3%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 20.7%,  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).

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 20.7%, 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 Destination
India$2.27B
Dominican Republic
Top Destination
United 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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