Bolivia (BOL) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Bolivia-Iran Trade: In 2016, Bolivia exported $106k to Iran. The main products that Bolivia exported to Iran were N/A. Over the past 8 years the exports of Bolivia to Iran have increased at an annualized rate of 115%, from $230 in 2008 to $106k in 2016.

In 2016, Bolivia did not export any services to Iran.

Iran-Bolivia Trade: In 2016, Iran exported $419k to Bolivia. The main products that Iran exported to Bolivia were Packaged Medicaments ($375k), Iron Radiators ($22.8k), and Medical Instruments ($8.1k). Over the past 8 years the exports of Iran to Bolivia have decreased at an annualized rate of 29.8%, from $2.47M in 2008 to $419k in 2016.

In 2016, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Latest Trends

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Overview In N/A, Bolivia exported $N/A and imported $N/A from Iran, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Bolivia have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Bolivia to Iran were . In N/A the top imports of Bolivia from Iran were Boilers (other than those of group... ($22.8k), Instruments and appliances used in medical,... ($862), and Table, kitchen or other household articles,... ($41).

Origins In N/A the exports of Bolivia were mainly from N/A, while imports destinations were mainly N/A.

Growth In N/A, the N/A in Bolivia's year-by-year exports to Iran was explained primarily by an decrease in product exports in . In N/A, the N/A in Bolivia's year-by-year imports from Iran was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

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Exports

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Trade Value

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Growth (%)

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 Iran and Bolivia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2016, Bolivia exported $106k to Iran. There were not main exports from Bolivia to Iran in 2016. During the last 8 years the exports of Bolivia to Iran have increased at an annualized rate of 115%, from $230 in 2008 to $106k in 2016.

In 2018, Iran exported $419k to Bolivia. The main products exported from Iran to Bolivia were Packaged Medicaments ($375k), Iron Radiators ($22.8k), and Medical Instruments ($8.1k). During the last 5 years the exports of Iran to Bolivia have decreased at an annualized rate of 29.8%, from $2.47M in 2023 to $419k in 2018.

Exports from Bolivia () to Iran () (2023)

Exports from Iran () to Bolivia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bolivia
Top DestinationBrazil$1.54B

Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than Bolivia included China ($4.59B), Turkey ($2.18B), and Pakistan ($943M).

Difference in imports from Iran () and Bolivia () (2023)

Comparative Advantage Bolivia - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2016, Bolivia had a large net trade with Iran in the exports of .

During 2018, Iran had a large net trade with Bolivia in the exports of Chemical Products ($379k), Metals ($22.8k), and Machines ($8.63k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bolivia Iran+$4.24kSoybeans

Top Product Potential Iran Bolivia+$94.7kPackaged Medicaments

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

Year

This visualization shows the product space at the HS4 level with the flags of Bolivia and Iran. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Bolivia.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Bolivia () to Iran () (2023)

Exports from Iran () to Bolivia () (2023)

Market Competitiveness

Difference in imports from Iran () and Bolivia () (2023)

Comparative Advantage Bolivia - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bolivia () and Iran () (2023)

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