Bolivia (BOL) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Bolivia-North Macedonia Trade: In 2022, Bolivia exported $122k to North Macedonia. The main products that Bolivia exported to North Macedonia were Coconuts, Brazil Nuts, and Cashews ($61k), Shaped Wood ($22.1k), and Processed Cereals ($19.9k). Over the past 5 years the exports of Bolivia to North Macedonia have increased at an annualized rate of 5.93%, from $91.4k in 2017 to $122k in 2022.

In 2022, Bolivia did not export any services to North Macedonia.

North Macedonia-Bolivia Trade: In 2022, North Macedonia exported $64.7k to Bolivia. The main products that North Macedonia exported to Bolivia were Spice Seeds ($43.6k), Opto-Electric Instrument Parts ($6.83k), and Insulated Wire ($6.62k). Over the past 5 years the exports of North Macedonia to Bolivia have increased at an annualized rate of 6.59%, from $47.1k in 2017 to $64.7k in 2022.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Latest Trends

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Overview In N/A, Bolivia exported $N/A and imported $N/A from North Macedonia, 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 North Macedonia were . In N/A the top imports of Bolivia from North Macedonia were Insulated (including enamelled or anodized) wire,... ($80).

Origins In N/A the exports of Bolivia were mainly from N/A, while imports destinations were mainly Cochabamba ($1.13k), La Paz ($133), and Santa Cruz ($18).

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

Latest Trade

Time Scale

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Imports

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Trade Value

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Growth (%)

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 North Macedonia 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 $122k to North Macedonia. The main products exported from Bolivia to North Macedonia were Coconuts, Brazil Nuts, and Cashews ($61k), Shaped Wood ($22.1k), and Processed Cereals ($19.9k). During the last 5 years the exports of Bolivia to North Macedonia have increased at an annualized rate of 5.93%, from $91.4k in 2017 to $122k in 2022.

In 2017, North Macedonia exported $64.7k to Bolivia. The main products exported from North Macedonia to Bolivia were Spice Seeds ($43.6k), Opto-Electric Instrument Parts ($6.83k), and Insulated Wire ($6.62k). During the last 5 years the exports of North Macedonia to Bolivia have increased at an annualized rate of 6.59%, from $47.1k in 2022 to $64.7k in 2017.

Exports from Bolivia () to North Macedonia () (2022)

Exports from North Macedonia () to Bolivia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bolivia
Top DestinationIndia$2.27B

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Bolivia than North Macedonia included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

In 2022, countries that imported more from North Macedonia than Bolivia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

Difference in imports from North Macedonia () and Bolivia () (2022)

Comparative Advantage Bolivia - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bolivia had a large net trade with North Macedonia in the exports of Vegetable Products ($89.4k), Wood Products ($22.1k), and Chemical Products ($10.3k).

During 2017, North Macedonia had a large net trade with Bolivia in the exports of Vegetable Products ($43.6k), Instruments ($6.83k), and Machines ($6.74k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

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Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bolivia North Macedonia+$41.5kCoconuts, Brazil Nuts, and Cashews

Top Product Potential North Macedonia Bolivia+$35kInsulated Wire

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

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Latest Trends

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Historical Data

Bilateral Trade by Products

Exports from Bolivia () to North Macedonia () (2022)

Exports from North Macedonia () to Bolivia () (2022)

Market Competitiveness

Difference in imports from North Macedonia () and Bolivia () (2022)

Comparative Advantage Bolivia - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bolivia () and North Macedonia () (2022)

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