2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH
56.5%CURRENT US$
Rnk 60 / 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
$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH
61.4%CURRENT US$
Rnk 29 / 195

About

Bolivia-Hungary Trade: In 2023, Bolivia exported $22k to Hungary. The main products that Bolivia exported to Hungary were Broadcasting Equipment ($9.61k), Other Plastic Products ($4.35k), and Computers ($4.17k). Over the past 5 years the exports of Bolivia to Hungary have decreased at an annualized rate of 29.9%, from $130k in 2018 to $22k in 2023.

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

Hungary-Bolivia Trade: In 2023, Hungary exported $25.5M to Bolivia. The main products that Hungary exported to Bolivia were Cars ($18.7M), Vaccines, blood, antisera, toxins and cultures ($1.22M), and Gas Turbines ($1.09M). Over the past 5 years the exports of Hungary to Bolivia have increased at an annualized rate of 1.77%,  from $23.4M in 2018 to $25.5M in 2023.

In 2023, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $22k to Hungary. The main products exported from Bolivia to Hungary were Broadcasting Equipment ($9.61k), Other Plastic Products ($4.35k), and Computers ($4.17k). During the last 5 years the exports of Bolivia to Hungary have decreased at an annualized rate of 29.9%, from $130k in 2018 to $22k in 2023.

In 2018, Hungary exported $25.5M to Bolivia. The main products exported from Hungary to Bolivia were Cars ($18.7M), Vaccines, blood, antisera, toxins and cultures ($1.22M), and Gas Turbines ($1.09M). During the last 5 years the exports of Hungary to Bolivia have increased at an annualized rate of 1.77%, from $23.4M in 2023 to $25.5M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Hungary
Top Destination
Germany$37.4B

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

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

In 2023, countries that imported more from Hungary than Bolivia included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

Comparative Advantage Bolivia - Hungary

Flow
Scale

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

During 2023, Bolivia had a large net trade with Hungary in the exports of Machines ($15.3k), Plastics and Rubbers ($4.37k), and Textiles ($850).

During 2018, Hungary had a large net trade with Bolivia in the exports of Transportation ($19.1M), Machines ($2.09M), and Foodstuffs ($1.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Hungary+$90.2kTelephones
Top Product Potential Hungary Bolivia+$5.29MCars

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

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

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