2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH
34.8%CURRENT US$
Rnk 103 / 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
$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH
22.9%CURRENT US$
Rnk 94 / 195

About

Bolivia-Mexico Trade: In 2023, Bolivia exported $49.3M to Mexico. The main products that Bolivia exported to Mexico were Hat Forms ($13.9M), Other Oily Seeds ($10.9M), and Raw Tin ($6.37M). Over the past 5 years the exports of Bolivia to Mexico have increased at an annualized rate of 18.4%, from $21.2M in 2018 to $49.3M in 2023.

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

Mexico-Bolivia Trade: In 2023, Mexico exported $244M to Bolivia. The main products that Mexico exported to Bolivia were Cars ($32.4M), Delivery Trucks ($29.8M), and Video Displays ($13.4M). Over the past 5 years the exports of Mexico to Bolivia have decreased at an annualized rate of 1.07%,  from $258M in 2018 to $244M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $49.3M to Mexico. The main products exported from Bolivia to Mexico were Hat Forms ($13.9M), Other Oily Seeds ($10.9M), and Raw Tin ($6.37M). During the last 5 years the exports of Bolivia to Mexico have increased at an annualized rate of 18.4%, from $21.2M in 2018 to $49.3M in 2023.

In 2018, Mexico exported $244M to Bolivia. The main products exported from Mexico to Bolivia were Cars ($32.4M), Delivery Trucks ($29.8M), and Video Displays ($13.4M). During the last 5 years the exports of Mexico to Bolivia have decreased at an annualized rate of 1.07%, from $258M in 2023 to $244M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Mexico
Top Destination
United States$456B

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

In 2023, countries that imported more from Bolivia than Mexico included Burma ($41.3M), Russia ($12.2M), and Yemen ($4.67M).

In 2023, countries that imported more from Mexico than Bolivia included United States ($456B), Canada ($33B), and China ($15B).

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

Comparative Advantage Bolivia - Mexico

Flow
Scale

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

During 2023, Bolivia had a large net trade with Mexico in the exports of Footwear and Headwear ($13.9M), Vegetable Products ($12.7M), and Metals ($6.46M).

During 2018, Mexico had a large net trade with Bolivia in the exports of Transportation ($77.2M), Machines ($60.1M), and Chemical Products ($35M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Mexico+$2.66MRaw Tin
Top Product Potential Mexico Bolivia+$22.1MCars

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

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

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