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2023
Flag → Flag
Exports $32.5MRnk 25 / 136
2023
Flag → Flag
Top Product $21.8MZinc Ore
2023
Flag → Flag
Exports $9.82MRnk 112 / 206
2023
Flag → Flag
Top Product $1.01MStone Processing Machines
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
GDP PC $3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195
2023
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GDP PC$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Bolivia-Finland Trade: In 2023, Bolivia exported $32.5M to Finland. The main products that Bolivia exported to Finland were Zinc Ore ($21.8M), Precious Metal Ore ($8.29M), and Coconuts, Brazil Nuts, and Cashews ($1.6M). Over the past 5 years the exports of Bolivia to Finland have increased at an annualized rate of 24.6%, from $10.8M in 2018 to $32.5M in 2023.

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

Finland-Bolivia Trade: In 2023, Finland exported $9.82M to Bolivia. The main products that Finland exported to Bolivia were Stone Processing Machines ($1.01M), Phosphinates (hypophosphites) and phosphonates (phosphites) ($980k), and Delivery Trucks ($674k). Over the past 5 years the exports of Finland to Bolivia have decreased at an annualized rate of 3.9%,  from $12M in 2018 to $9.82M in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Latest Trends

November, 2023

About

Overview In November 2023, Bolivia exported $1.08k and imported $561k from Finland, resulting in a negative trade balance of $560k. Between November 2022 and November 2023 the exports of Bolivia have decreased by $-195k (-99.4%) from $196k to $1.08k, while imports decreased by $-271k (-32.6%) from $832k to $561k.

Trade In November 2023, the top exports of Bolivia to Finland were Edible nuts (excluding nuts chiefly used... ($247k). In November 2023 the top imports of Bolivia from Finland were Polyethylene ($101k), Other electric power machinery; parts of... ($84.9k), Parts, n.e.s, for the internal combustion... ($66k), Paper and paperboard, of a kind... ($56.2k), and Other plates, sheets, film, foil and... ($53.9k).

Origins In November 2023 the exports of Bolivia were mainly from N/A, while imports destinations were mainly Oruro ($315k), Santa Cruz ($184k), La Paz ($57.7k), and Potosí ($3.72k).

Growth In November 2023, the decrease in Bolivia's year-by-year exports to Finland was explained primarily by an decrease in product exports in . In December 2023, the decrease in Bolivia's year-by-year imports  from Finland was explained primarily by an decrease in product imports  in Polyethylene ($-226k or -69.1%), Apparatus based on the use of... ($-46.6k or -99.7%), and Gears and gearing (excluding toothed wheels,... ($-29.6k or -99.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2022 - November 2023)$-195k(-99.4%)
IMPORT GROWTH (December 2022 - December 2023)$-271k(-32.6%)

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 Finland and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $32.5M to Finland. The main products exported from Bolivia to Finland were Zinc Ore ($21.8M), Precious Metal Ore ($8.29M), and Coconuts, Brazil Nuts, and Cashews ($1.6M). During the last 5 years the exports of Bolivia to Finland have increased at an annualized rate of 24.6%, from $10.8M in 2018 to $32.5M in 2023.

In 2018, Finland exported $9.82M to Bolivia. The main products exported from Finland to Bolivia were Stone Processing Machines ($1.01M), Phosphinates (hypophosphites) and phosphonates (phosphites) ($980k), and Delivery Trucks ($674k). During the last 5 years the exports of Finland to Bolivia have decreased at an annualized rate of 3.9%, from $12M in 2023 to $9.82M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Bolivia than Finland included Argentina ($1.15B), Brazil ($1.54B), and Colombia ($687M).

In 2023, countries that imported more from Finland than Bolivia included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

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

Comparative Advantage Bolivia - Finland

Flow
Scale

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

During 2023, Bolivia had a large net trade with Finland in the exports of Mineral Products ($30.1M), Vegetable Products ($1.61M), and Chemical Products ($591k).

During 2018, Finland had a large net trade with Bolivia in the exports of Machines ($3.05M), Chemical Products ($1.89M), and Instruments ($1.22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Finland+$2.76MPrecious Metal Ore
Top Product Potential Finland Bolivia+$714kDelivery Trucks

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

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

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