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2023
Flag → Flag
Exports $11MRnk 32 / 136
2023
Flag → Flag
Top Product $10.2MSoybean Oil
2023
Flag → Flag
Exports $3.07MRnk 56 / 149
2023
Flag → Flag
Top Product $3.03MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
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Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
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GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
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 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
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GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
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GDP PC $3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195
2023
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GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
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GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

Bolivia-Nicaragua Trade: In 2023, Bolivia exported $11M to Nicaragua. The main products that Bolivia exported to Nicaragua were Soybean Oil ($10.2M), Friction Material ($406k), and Industrial Fatty Acids, Oils and Alcohols ($129k). Over the past 5 years the exports of Bolivia to Nicaragua have increased at an annualized rate of 67.9%, from $824k in 2018 to $11M in 2023.

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

Nicaragua-Bolivia Trade: In 2023, Nicaragua exported $3.07M to Bolivia. The main products that Nicaragua exported to Bolivia were Hard Liquor ($3.03M), Non-Knit Men's Suits ($15.5k), and Knit Sweaters ($9.39k). Over the past 5 years the exports of Nicaragua to Bolivia have increased at an annualized rate of 21.6%,  from $1.15M in 2018 to $3.07M in 2023.

In 2023, Nicaragua 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, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Latest Trends

N/A

About

Overview In N/A, Bolivia exported $N/A and imported $N/A from Nicaragua, 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 Nicaragua were Manufactures of asbestos; friction materials ($35.5k). In N/A the top imports of Bolivia from Nicaragua were Spirits (other than those of heading... ($303k), T-shirts, singlets and other vests, knitted... ($14), and Illuminated signs, illuminated name-plates and the... ($12).

Origins In N/A the exports of Bolivia were mainly from Potosí ($12.9k), while imports destinations were mainly Santa Cruz ($333k), Tarija ($284), and La Paz ($163).

Growth In N/A, the N/A in Bolivia's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Manufactures of asbestos; friction materials ($-21.9k or -38.2%). In N/A, the N/A in Bolivia's year-by-year imports  from Nicaragua was explained primarily by an decrease in product imports  in T-shirts, singlets and other vests, knitted... ($-157 or -91.8%).

Latest Trade

Time Scale
Flow
Value
MAIN EXPORTER (N/A)Potosí$12.9k

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 Nicaragua and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nicaragua and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $11M to Nicaragua. The main products exported from Bolivia to Nicaragua were Soybean Oil ($10.2M), Friction Material ($406k), and Industrial Fatty Acids, Oils and Alcohols ($129k). During the last 5 years the exports of Bolivia to Nicaragua have increased at an annualized rate of 67.9%, from $824k in 2018 to $11M in 2023.

In 2018, Nicaragua exported $3.07M to Bolivia. The main products exported from Nicaragua to Bolivia were Hard Liquor ($3.03M), Non-Knit Men's Suits ($15.5k), and Knit Sweaters ($9.39k). During the last 5 years the exports of Nicaragua to Bolivia have increased at an annualized rate of 21.6%, from $1.15M in 2023 to $3.07M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Bolivia than Nicaragua included Brazil ($1.54B), India ($1.33B), and China ($1.21B).

In 2023, countries that imported more from Nicaragua than Bolivia included United States ($4.38B), Mexico ($1.04B), and El Salvador ($488M).

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

Comparative Advantage Bolivia - Nicaragua

Flow
Scale

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

During 2023, Bolivia had a large net trade with Nicaragua in the exports of Animal and Vegetable Bi-Products ($10.2M), Stone And Glass ($406k), and Chemical Products ($170k).

During 2018, Nicaragua had a large net trade with Bolivia in the exports of Foodstuffs ($3.03M), Textiles ($30.6k), and Machines ($2.07k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Nicaragua+$22.8kMixed Mineral or Chemical Fertilizers
Top Product Potential Nicaragua Bolivia+$37.9kKnit T-shirts

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

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

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