2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
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GDP GROWTH
47.2%CURRENT US$
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2023
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 GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 195
2023
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GDP PC 
$3,686CURRENT US$
Rnk 135 / 195
2013-2023
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GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195
2023
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GDP PC
$33,509CURRENT US$
Rnk 40 / 196
2013-2023
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GDP PC GROWTH
14.7%CURRENT US$
Rnk 119 / 195

About

Bolivia-Spain Trade: In 2023, Bolivia exported $99.5M to Spain. The main products that Bolivia exported to Spain were Zinc Ore ($54.2M), Refined Petroleum ($13M), and Raw Tin ($10.2M). Over the past 5 years the exports of Bolivia to Spain have decreased at an annualized rate of 11.5%, from $183M in 2018 to $99.5M in 2023.

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

Spain-Bolivia Trade: In 2023, Spain exported $134M to Bolivia. The main products that Spain exported to Bolivia were Machinery Having Individual Functions ($7.53M), Lifting Machinery ($6.71M), and Electric Generating Sets ($6.69M). Over the past 5 years the exports of Spain to Bolivia have decreased at an annualized rate of 5.43%,  from $310M in 2018 to $134M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $99.5M to Spain. The main products exported from Bolivia to Spain were Zinc Ore ($54.2M), Refined Petroleum ($13M), and Raw Tin ($10.2M). During the last 5 years the exports of Bolivia to Spain have decreased at an annualized rate of 11.5%, from $183M in 2018 to $99.5M in 2023.

In 2018, Spain exported $134M to Bolivia. The main products exported from Spain to Bolivia were Machinery Having Individual Functions ($7.53M), Lifting Machinery ($6.71M), and Electric Generating Sets ($6.69M). During the last 5 years the exports of Spain to Bolivia have decreased at an annualized rate of 5.43%, from $310M in 2023 to $134M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Spain
Top Destination
France$61.9B

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

In 2023, countries that imported more from Bolivia than Spain included Burma ($41.3M).

In 2023, countries that imported more from Spain than Bolivia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Bolivia - Spain

Flow
Scale

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

During 2023, Bolivia had a large net trade with Spain in the exports of Mineral Products ($74.3M), Metals ($11.8M), and Vegetable Products ($10.7M).

During 2018, Spain had a large net trade with Bolivia in the exports of Machines ($53.2M), Chemical Products ($30.4M), and Metals ($10.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Spain+$4.99MRefined Petroleum
Top Product Potential Spain Bolivia+$3.51MCars

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

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

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