2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP GROWTH
-40.2%CURRENT US$
Rnk 194 / 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
$6,173CURRENT US$
Rnk 112 / 196
2013-2023
Flag
GDP PC GROWTH
-48.4%CURRENT US$
Rnk 193 / 195

About

Bolivia-Libya Trade: In 2023, Bolivia exported $447k to Libya. The main products that Bolivia exported to Libya were Coconuts, Brazil Nuts, and Cashews ($214k), Stone Processing Machines ($196k), and Tanned Equine and Bovine Hides ($14.7k). Over the past 11 years the exports of Bolivia to Libya have increased at an annualized rate of 10.6%, from $148k in 2012 to $447k in 2023.

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

Libya-Bolivia Trade: In 2023, Libya exported $305 to Bolivia. The main products that Libya exported to Bolivia were Broadcasting Equipment ($305). Over the past 11 years the exports of Libya to Bolivia have increased at an annualized rate of 66.3%,  from $24 in 2012 to $305 in 2023.

In 2023, Libya 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, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $447k to Libya. The main products exported from Bolivia to Libya were Coconuts, Brazil Nuts, and Cashews ($214k), Stone Processing Machines ($196k), and Tanned Equine and Bovine Hides ($14.7k). During the last 11 years the exports of Bolivia to Libya have increased at an annualized rate of 10.6%, from $148k in 2012 to $447k in 2023.

In 2018, Libya exported $305 to Bolivia. The main products exported from Libya to Bolivia were Broadcasting Equipment ($305). During the last 5 years the exports of Libya to Bolivia have increased at an annualized rate of 66.3%, from $24 in 2023 to $305 in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Libya
Top Destination
Italy$7.96B

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

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

In 2023, countries that imported more from Libya than Bolivia included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

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

Comparative Advantage Bolivia - Libya

Flow
Scale

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

During 2023, Bolivia had a large net trade with Libya in the exports of Vegetable Products ($214k), Machines ($196k), and Animal Hides ($14.7k).

During 2018, Libya had a large net trade with Bolivia in the exports of Machines ($305).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Libya+$102kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Libya Bolivia+$3.66kRefined 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

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

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

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