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2023
Flag → Flag
Exports $9.71MRnk 35 / 136
2023
Flag → Flag
Top Product $6.11MSoybean Oil
2023
Flag → Flag
Exports $9.53MRnk 57 / 170
2023
Flag → Flag
Top Product $8.04MPesticides
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Bolivia-Guatemala Trade: In 2023, Bolivia exported $9.71M to Guatemala. The main products that Bolivia exported to Guatemala were Soybean Oil ($6.11M), Tanned Equine and Bovine Hides ($1.47M), and Stone Processing Machines ($726k). Over the past 5 years the exports of Bolivia to Guatemala have increased at an annualized rate of 57.3%, from $1.01M in 2018 to $9.71M in 2023.

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

Guatemala-Bolivia Trade: In 2023, Guatemala exported $9.53M to Bolivia. The main products that Guatemala exported to Bolivia were Pesticides ($8.04M), Confectionery Sugar ($439k), and Packaged Medicaments ($429k). Over the past 5 years the exports of Guatemala to Bolivia have increased at an annualized rate of 24.8%,  from $3.15M in 2018 to $9.53M in 2023.

In 2023, Guatemala 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, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $299k and imported $335k from Guatemala, resulting in a negative trade balance of $35.9k. Between December 2022 and December 2023 the exports of Bolivia have increased by $117k (64.2%) from $182k to $299k, while imports decreased by $-655k (-66.2%) from $990k to $335k.

Trade In December 2023, the top exports of Bolivia to Guatemala were Soya bean oil and its fractions ($221k), Machinery (other than machine tools) for... ($114k), Minerals, crude, n.e.s. ($99k), Whole bovine skin leather, without hair... ($64.8k), and Screws, bolts, nuts, coach screws, screw... ($11.3k). In December 2023 the top imports of Bolivia from Guatemala were Soups and broths and preparations therefor ($14.9k), Non-alcoholic beverages, n.e.s. ($13.4k), Medicaments, n.e.s. ($12.3k), Medicaments containing antibiotics or derivatives thereof ($14), and Undefined ($1).

Origins In December 2023 the exports of Bolivia were mainly from Santa Cruz ($286k) and La Paz ($12.5k), while imports destinations were mainly Santa Cruz ($315k) and La Paz ($19.5k).

Growth In December 2023, the increase in Bolivia's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Machinery (other than machine tools) for... ($98.7k or 647%), Screws, bolts, nuts, coach screws, screw... ($9.09k or 417%), and Synthetic rubber and factice derived from... ($3.51k or 909%). In December 2023, the decrease in Bolivia's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$117k(64.2%)
IMPORT GROWTH (December 2022 - December 2023)$-655k(-66.2%)
MAIN EXPORTER (December 2023)Santa Cruz$286k

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 Guatemala and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $9.71M to Guatemala. The main products exported from Bolivia to Guatemala were Soybean Oil ($6.11M), Tanned Equine and Bovine Hides ($1.47M), and Stone Processing Machines ($726k). During the last 5 years the exports of Bolivia to Guatemala have increased at an annualized rate of 57.3%, from $1.01M in 2018 to $9.71M in 2023.

In 2018, Guatemala exported $9.53M to Bolivia. The main products exported from Guatemala to Bolivia were Pesticides ($8.04M), Confectionery Sugar ($439k), and Packaged Medicaments ($429k). During the last 5 years the exports of Guatemala to Bolivia have increased at an annualized rate of 24.8%, from $3.15M in 2023 to $9.53M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Bolivia than Guatemala included Brazil ($1.54B), India ($1.33B), and Argentina ($1.15B).

In 2023, countries that imported more from Guatemala than Bolivia included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

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

Comparative Advantage Bolivia - Guatemala

Flow
Scale

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

During 2023, Bolivia had a large net trade with Guatemala in the exports of Animal and Vegetable Bi-Products ($6.11M), Animal Hides ($1.47M), and Vegetable Products ($775k).

During 2018, Guatemala had a large net trade with Bolivia in the exports of Chemical Products ($8.68M), Foodstuffs ($619k), and Plastics and Rubbers ($70.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Guatemala+$2.04MSoybean Oil
Top Product Potential Guatemala Bolivia+$1.29MPesticides

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

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

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