2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH
21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC 
$3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC
$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH
13.9%CURRENT US$
Rnk 124 / 195

About

Bolivia-United Kingdom Trade: In 2023, Bolivia exported $93.9M to United Kingdom. The main products that Bolivia exported to United Kingdom were Raw Tin ($68.2M), Coconuts, Brazil Nuts, and Cashews ($14.8M), and Tungsten Ore ($6.09M). Over the past 5 years the exports of Bolivia to United Kingdom have increased at an annualized rate of 14.4%, from $48M in 2018 to $93.9M in 2023.

In 2023, Bolivia did not export any services to United Kingdom.

United Kingdom-Bolivia Trade: In 2023, United Kingdom exported $54.5M to Bolivia. The main products that United Kingdom exported to Bolivia were Planes, Helicopters, and/or Spacecraft ($20.1M), Hard Liquor ($4.55M), and Gas Turbines ($4.02M). Over the past 5 years the exports of United Kingdom to Bolivia have decreased at an annualized rate of 2.7%,  from $62.5M in 2018 to $54.5M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $93.9M to United Kingdom. The main products exported from Bolivia to United Kingdom were Raw Tin ($68.2M), Coconuts, Brazil Nuts, and Cashews ($14.8M), and Tungsten Ore ($6.09M). During the last 5 years the exports of Bolivia to United Kingdom have increased at an annualized rate of 14.4%, from $48M in 2018 to $93.9M in 2023.

In 2018, United Kingdom exported $54.5M to Bolivia. The main products exported from United Kingdom to Bolivia were Planes, Helicopters, and/or Spacecraft ($20.1M), Hard Liquor ($4.55M), and Gas Turbines ($4.02M). During the last 5 years the exports of United Kingdom to Bolivia have decreased at an annualized rate of 2.7%, from $62.5M in 2023 to $54.5M in 2018.

Exports from Bolivia (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Bolivia (Flag) (2023)

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
United Kingdom
Top Destination
United States$59.7B

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

In 2023, countries that imported more from Bolivia than United Kingdom included Argentina ($1.15B), Peru ($622M), and Burma ($41.3M).

In 2023, countries that imported more from United Kingdom than Bolivia included United States ($59.7B), Germany ($34.6B), and China ($35.3B).

Difference in imports from United Kingdom (Flag) and Bolivia (Flag) (2023)

Comparative Advantage Bolivia - United Kingdom

Flow
Scale

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

During 2023, Bolivia had a large net trade with United Kingdom in the exports of Metals ($68.3M), Vegetable Products ($17.7M), and Mineral Products ($6.1M).

During 2018, United Kingdom had a large net trade with Bolivia in the exports of Transportation ($23.7M), Machines ($13.9M), and Foodstuffs ($5.91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia United Kingdom+$1.16MIron Ore
Top Product Potential United Kingdom Bolivia+$2.49MCars

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

Product Space of Bolivia (Flag) and United Kingdom (Flag) (2023)

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