2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 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
$52,642CURRENT US$
Rnk 24 / 196
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195

About

Bolivia-Israel Trade: In 2023, Bolivia exported $4.27M to Israel. The main products that Bolivia exported to Israel were Coconuts, Brazil Nuts, and Cashews ($1.05M), Other Oily Seeds ($773k), and Non-Knit Men's Suits ($610k). Over the past 5 years the exports of Bolivia to Israel have decreased at an annualized rate of 3.54%, from $5.12M in 2018 to $4.27M in 2023.

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

Israel-Bolivia Trade: In 2023, Israel exported $5.58M to Bolivia. The main products that Israel exported to Bolivia were Pesticides ($2.19M), Other Heating Machinery ($562k), and X-Ray Equipment ($513k). Over the past 5 years the exports of Israel to Bolivia have increased at an annualized rate of 1.27%,  from $5.24M in 2018 to $5.58M in 2023.

In 2007, Israel exported services to Bolivia worth $390k, with Computer and information services ($390k) being the largest in terms of value.

Comparison: In 2023,  Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $4.27M to Israel. The main products exported from Bolivia to Israel were Coconuts, Brazil Nuts, and Cashews ($1.05M), Other Oily Seeds ($773k), and Non-Knit Men's Suits ($610k). During the last 5 years the exports of Bolivia to Israel have decreased at an annualized rate of 3.54%, from $5.12M in 2018 to $4.27M in 2023.

In 2018, Israel exported $5.58M to Bolivia. The main products exported from Israel to Bolivia were Pesticides ($2.19M), Other Heating Machinery ($562k), and X-Ray Equipment ($513k). During the last 5 years the exports of Israel to Bolivia have increased at an annualized rate of 1.27%, from $5.24M in 2023 to $5.58M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Israel
Top Destination
United States$20.3B

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

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

In 2023, countries that imported more from Israel than Bolivia included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

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

Comparative Advantage Bolivia - Israel

Flow
Scale

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

During 2023, Bolivia had a large net trade with Israel in the exports of Vegetable Products ($2.73M), Textiles ($926k), and Metals ($315k).

During 2018, Israel had a large net trade with Bolivia in the exports of Chemical Products ($2.54M), Instruments ($1.4M), and Machines ($1.25M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Israel+$380kOther Oily Seeds
Top Product Potential Israel Bolivia+$1.45MPesticides

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

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

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