2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 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
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186

About

Bolivia-Estonia Trade: In 2022, Bolivia exported $300k to Estonia. The main products that Bolivia exported to Estonia were Coconuts, Brazil Nuts, and Cashews ($241k), Shaped Wood ($44.4k), and Ground Nuts ($6.95k). Over the past 5 years the exports of Bolivia to Estonia have increased at an annualized rate of 17.3%, from $135k in 2017 to $300k in 2022.

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

Estonia-Bolivia Trade: In 2022, Estonia exported $5.09M to Bolivia. The main products that Estonia exported to Bolivia were Tractors ($2.51M), Delivery Trucks ($1.44M), and Stone Processing Machines ($539k). Over the past 5 years the exports of Estonia to Bolivia have increased at an annualized rate of 16.4%,  from $2.38M in 2017 to $5.09M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $300k to Estonia. The main products exported from Bolivia to Estonia were Coconuts, Brazil Nuts, and Cashews ($241k), Shaped Wood ($44.4k), and Ground Nuts ($6.95k). During the last 5 years the exports of Bolivia to Estonia have increased at an annualized rate of 17.3%, from $135k in 2017 to $300k in 2022.

In 2017, Estonia exported $5.09M to Bolivia. The main products exported from Estonia to Bolivia were Tractors ($2.51M), Delivery Trucks ($1.44M), and Stone Processing Machines ($539k). During the last 5 years the exports of Estonia to Bolivia have increased at an annualized rate of 16.4%, from $2.38M in 2022 to $5.09M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Estonia
Top Destination
Finland$3B

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

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

In 2022, countries that imported more from Estonia than Bolivia included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Bolivia - Estonia

Flow
Scale

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

During 2022, Bolivia had a large net trade with Estonia in the exports of Vegetable Products ($253k), Wood Products ($44.4k), and Machines ($1.05k).

During 2017, Estonia had a large net trade with Bolivia in the exports of Transportation ($4.14M), Machines ($817k), and Plastics and Rubbers ($76.4k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bolivia and Estonia. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Estonia. Similarly, a dot/product with the flag of Estonia indicates it has a comparative advantage over Bolivia.

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

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