2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH
50.3%CURRENT US$
Rnk 75 / 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
$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH
36.7%CURRENT US$
Rnk 66 / 195

About

Bolivia-Indonesia Trade: In 2023, Bolivia exported $8.53M to Indonesia. The main products that Bolivia exported to Indonesia were Borax ($4.27M), Soybean Meal ($2.17M), and Soybeans ($1.01M). Over the past 5 years the exports of Bolivia to Indonesia have increased at an annualized rate of 42.2%, from $1.47M in 2018 to $8.53M in 2023.

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

Indonesia-Bolivia Trade: In 2023, Indonesia exported $74.7M to Bolivia. The main products that Indonesia exported to Bolivia were Cars ($45.9M), Delivery Trucks ($4.37M), and Textile Footwear ($3.08M). Over the past 5 years the exports of Indonesia to Bolivia have increased at an annualized rate of 8.72%,  from $49.2M in 2018 to $74.7M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $8.53M to Indonesia. The main products exported from Bolivia to Indonesia were Borax ($4.27M), Soybean Meal ($2.17M), and Soybeans ($1.01M). During the last 5 years the exports of Bolivia to Indonesia have increased at an annualized rate of 42.2%, from $1.47M in 2018 to $8.53M in 2023.

In 2018, Indonesia exported $74.7M to Bolivia. The main products exported from Indonesia to Bolivia were Cars ($45.9M), Delivery Trucks ($4.37M), and Textile Footwear ($3.08M). During the last 5 years the exports of Indonesia to Bolivia have increased at an annualized rate of 8.72%, from $49.2M in 2023 to $74.7M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Indonesia
Top Destination
China$70.7B

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

In 2023, countries that imported more from Bolivia than Indonesia included Argentina ($1.15B), Colombia ($687M), and Peru ($622M).

In 2023, countries that imported more from Indonesia than Bolivia included China ($70.7B), United States ($27.9B), and Japan ($23.7B).

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

Comparative Advantage Bolivia - Indonesia

Flow
Scale

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

During 2023, Bolivia had a large net trade with Indonesia in the exports of Mineral Products ($4.55M), Foodstuffs ($2.17M), and Vegetable Products ($1.04M).

During 2018, Indonesia had a large net trade with Bolivia in the exports of Transportation ($51.2M), Footwear and Headwear ($6.39M), and Machines ($6.18M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Indonesia+$1.21MSoybean Meal
Top Product Potential Indonesia Bolivia+$6.37MCars

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

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

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