Bolivia (BOL) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Bolivia-Kuwait Trade: In 2022, Bolivia exported $871k to Kuwait. The main products that Bolivia exported to Kuwait were Other Nuts ($165k), Other Oily Seeds ($157k), and Soybean Oil ($113k). Over the past 5 years the exports of Bolivia to Kuwait have increased at an annualized rate of 17.1%, from $395k in 2017 to $871k in 2022.

In 2022, Bolivia did not export any services to Kuwait.

Kuwait-Bolivia Trade: In 2022, Kuwait exported $340 to Bolivia. The main products that Kuwait exported to Bolivia were Other Electrical Machinery ($340). Over the past 5 years the exports of Kuwait to Bolivia have decreased at an annualized rate of 60.9%, from $37.4k in 2017 to $340 in 2022.

In 2022, Kuwait did not export any services to Bolivia.

Comparison: In 2022, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). That same year, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

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Overview In N/A, Bolivia exported $N/A and imported $N/A from Kuwait, 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 Kuwait were Buckwheat, millet and canary seed; other... ($72.2k). In N/A the top imports of Bolivia from Kuwait were .

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

Latest Trade

Time Scale

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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 Kuwait 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 2022, Bolivia exported $871k to Kuwait. The main products exported from Bolivia to Kuwait were Other Nuts ($165k), Other Oily Seeds ($157k), and Soybean Oil ($113k). During the last 5 years the exports of Bolivia to Kuwait have increased at an annualized rate of 17.1%, from $395k in 2017 to $871k in 2022.

In 2017, Kuwait exported $340 to Bolivia. The main products exported from Kuwait to Bolivia were Other Electrical Machinery ($340). During the last 5 years the exports of Kuwait to Bolivia have decreased at an annualized rate of 60.9%, from $37.4k in 2022 to $340 in 2017.

Exports from Bolivia () to Kuwait () (2022)

Exports from Kuwait () to Bolivia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bolivia
Top DestinationIndia$2.27B

Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Bolivia than Kuwait included Argentina ($1.76B), Brazil ($1.89B), and Colombia ($1.06B).

In 2022, countries that imported more from Kuwait than Bolivia included China ($24.3B), India ($15B), and South Korea ($10.8B).

Difference in imports from Kuwait () and Bolivia () (2022)

Comparative Advantage Bolivia - Kuwait

Flow

Section

HS2

HS4

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Log

Linear

Year

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

During 2022, Bolivia had a large net trade with Kuwait in the exports of Vegetable Products ($576k), Foodstuffs ($150k), and Animal and Vegetable Bi-Products ($113k).

During 2017, Kuwait had a large net trade with Bolivia in the exports of Machines ($340).

Potential Exports

Depth

Section

HS2

HS4

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Top 20

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Highest Potential

Most Saturated

Section

Top Product Potential Bolivia Kuwait+$234kSoybean Oil

Top Product Potential Kuwait Bolivia+$5.82kRefined Petroleum

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 Kuwait. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait 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 Kuwait () (2022)

Exports from Kuwait () to Bolivia () (2022)

Market Competitiveness

Difference in imports from Kuwait () and Bolivia () (2022)

Comparative Advantage Bolivia - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bolivia () and Kuwait () (2022)

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