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Pricing

2022
Flag → Flag
Exports $33.6MRnk 25 / 146
2022
Flag → Flag
Top Product $10.1MOther Oily Seeds
2022
Flag → Flag
Exports $189MRnk 50 / 156
2022
Flag → Flag
Top Product $13.9MDelivery Trucks
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC $3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Bolivia-Mexico Trade: In 2022, Bolivia exported $33.6M to Mexico. The main products that Bolivia exported to Mexico were Other Oily Seeds ($10.1M), Raw Tin ($7.24M), and Hat Forms ($5.13M). Over the past 5 years the exports of Bolivia to Mexico have increased at an annualized rate of 5.72%, from $25.4M in 2017 to $33.6M in 2022.

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

Mexico-Bolivia Trade: In 2022, Mexico exported $189M to Bolivia. The main products that Mexico exported to Bolivia were Delivery Trucks ($13.9M), Refrigerators ($13.3M), and Cars ($12.3M). Over the past 5 years the exports of Mexico to Bolivia have decreased at an annualized rate of 2.33%,  from $245M in 2017 to $189M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $2.68M and imported $18.7M from Mexico, resulting in a negative trade balance of $16.1M. Between December 2022 and December 2023 the exports of Bolivia have decreased by $-457k (-14.6%) from $3.13M to $2.68M, while imports decreased by $-5.92M (-24%) from $24.6M to $18.7M.

Trade In December 2023, the top exports of Bolivia to Mexico were Hat shapes, hat forms, hat bodies... ($626k), Safflower seeds ($549k), Minerals, crude, n.e.s. ($223k), Safety fuses; detonating fuses; percussion or... ($137k), and Wood of non-coniferous species (including strips... ($116k). In December 2023 the top imports of Bolivia from Mexico were Motor vehicles for the transport of... ($3.15M), Motor vehicles for the transport of... ($2.05M), Television receivers, colour (including video monitors... ($1.06M), Wheeled tractors (other than those of... ($959k), and Beer made from malt (including ale,... ($953k).

Origins In December 2023 the exports of Bolivia were mainly from Santa Cruz ($1M), Chuquisaca ($848k), La Paz ($588k), Cochabamba ($88.4k), and Oruro ($57.6k), while imports destinations were mainly Santa Cruz ($7.65M), La Paz ($6.67M), Oruro ($2.47M), Cochabamba ($1.88M), and Tarija ($37.2k).

Growth In December 2023, the decrease in Bolivia's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Leather of other animals, without hair... ($-15.4k or -16.3%). In December 2023, the decrease in Bolivia's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Kerosene and other medium oils (not... ($-585k or -58.9%), Food preparations, n.e.s. ($-513k or -52.7%), and Digital processing units, whether or not... ($-495k or -74.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$-457k(-14.6%)
IMPORT GROWTH (December 2022 - December 2023)$-5.92M(-24%)
MAIN EXPORTER (December 2023)Santa Cruz$1M

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 Mexico and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $33.6M to Mexico. The main products exported from Bolivia to Mexico were Other Oily Seeds ($10.1M), Raw Tin ($7.24M), and Hat Forms ($5.13M). During the last 5 years the exports of Bolivia to Mexico have increased at an annualized rate of 5.72%, from $25.4M in 2017 to $33.6M in 2022.

In 2017, Mexico exported $189M to Bolivia. The main products exported from Mexico to Bolivia were Delivery Trucks ($13.9M), Refrigerators ($13.3M), and Cars ($12.3M). During the last 5 years the exports of Mexico to Bolivia have decreased at an annualized rate of 2.33%, from $245M in 2022 to $189M in 2017.

Exports from Bolivia (Flag) to Mexico (Flag) (2022)

Exports from Mexico (Flag) to Bolivia (Flag) (2022)

Market Competitiveness

Color
Bolivia
Top DestinationIndia$2.27B
Mexico
Top DestinationUnited States$421B

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 2022, countries that imported more from Bolivia than Mexico included Argentina ($1.76B), Russia ($39.8M), and Burma ($18.3M).

In 2022, countries that imported more from Mexico than Bolivia included United States ($421B), Canada ($22.2B), and China ($12.7B).

Difference in imports from Mexico (Flag) and Bolivia (Flag) (2022)

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 2022, Bolivia had a large net trade with Mexico in the exports of Vegetable Products ($10.7M), Metals ($7.55M), and Footwear and Headwear ($7.13M).

During 2017, Mexico had a large net trade with Bolivia in the exports of Machines ($56.8M), Transportation ($34.3M), and Chemical Products ($30.1M).

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) (2022)

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