2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH
23.6%CURRENT US$
Rnk 130 / 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
$11,379CURRENT US$
Rnk 85 / 196
2013-2023
Flag
GDP PC GROWTH
6.21%CURRENT US$
Rnk 145 / 195

About

Bolivia-Malaysia Trade: In 2023, Bolivia exported $3.77M to Malaysia. The main products that Bolivia exported to Malaysia were Borax ($1.7M), Other Oily Seeds ($533k), and Edible Offal ($418k). Over the past 5 years the exports of Bolivia to Malaysia have decreased at an annualized rate of 9.17%, from $6.1M in 2018 to $3.77M in 2023.

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

Malaysia-Bolivia Trade: In 2023, Malaysia exported $41.2M to Bolivia. The main products that Malaysia exported to Bolivia were Coffee and Tea Extracts ($19.1M), Other Edible Preparations ($2.91M), and Float Glass ($2.02M). Over the past 5 years the exports of Malaysia to Bolivia have increased at an annualized rate of 6.97%,  from $25.7M in 2018 to $41.2M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $3.77M to Malaysia. The main products exported from Bolivia to Malaysia were Borax ($1.7M), Other Oily Seeds ($533k), and Edible Offal ($418k). During the last 5 years the exports of Bolivia to Malaysia have decreased at an annualized rate of 9.17%, from $6.1M in 2018 to $3.77M in 2023.

In 2018, Malaysia exported $41.2M to Bolivia. The main products exported from Malaysia to Bolivia were Coffee and Tea Extracts ($19.1M), Other Edible Preparations ($2.91M), and Float Glass ($2.02M). During the last 5 years the exports of Malaysia to Bolivia have increased at an annualized rate of 6.97%, from $25.7M in 2023 to $41.2M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Malaysia
Top Destination
China$79.8B

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

In 2023, countries that imported more from Bolivia than Malaysia included Argentina ($1.15B), Colombia ($687M), and Peru ($622M).

In 2023, countries that imported more from Malaysia than Bolivia included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Bolivia - Malaysia

Flow
Scale

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

During 2023, Bolivia had a large net trade with Malaysia in the exports of Mineral Products ($1.7M), Vegetable Products ($1.15M), and Animal Products ($418k).

During 2018, Malaysia had a large net trade with Bolivia in the exports of Foodstuffs ($23.4M), Machines ($5.1M), and Plastics and Rubbers ($3.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Malaysia+$518kPotassic Fertilizers
Top Product Potential Malaysia Bolivia+$2.96MTelephones

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

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

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