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2022
Flag → Flag
Exports $961kRnk 58 / 146
2022
Flag → Flag
Top Product $511kFriction Material
2022
Flag → Flag
Exports $2.09MRnk 61 / 148
2022
Flag → Flag
Top Product $2.07MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 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$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Bolivia-Nicaragua Trade: In 2022, Bolivia exported $961k to Nicaragua. The main products that Bolivia exported to Nicaragua were Friction Material ($511k), Industrial Fatty Acids, Oils and Alcohols ($256k), and Borax ($156k). Over the past 5 years the exports of Bolivia to Nicaragua have increased at an annualized rate of 15.4%, from $469k in 2017 to $961k in 2022.

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

Nicaragua-Bolivia Trade: In 2022, Nicaragua exported $2.09M to Bolivia. The main products that Nicaragua exported to Bolivia were Hard Liquor ($2.07M), Knit T-shirts ($7.3k), and Knit Sweaters ($3.96k). Over the past 5 years the exports of Nicaragua to Bolivia have increased at an annualized rate of 2.65%,  from $1.15M in 2017 to $2.09M in 2022.

In 2022, Nicaragua 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, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

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 2022, Bolivia exported $961k to Nicaragua. The main products exported from Bolivia to Nicaragua were Friction Material ($511k), Industrial Fatty Acids, Oils and Alcohols ($256k), and Borax ($156k). During the last 5 years the exports of Bolivia to Nicaragua have increased at an annualized rate of 15.4%, from $469k in 2017 to $961k in 2022.

In 2017, Nicaragua exported $2.09M to Bolivia. The main products exported from Nicaragua to Bolivia were Hard Liquor ($2.07M), Knit T-shirts ($7.3k), and Knit Sweaters ($3.96k). During the last 5 years the exports of Nicaragua to Bolivia have increased at an annualized rate of 2.65%, from $1.15M in 2022 to $2.09M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationIndia$2.27B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Nicaragua than Bolivia included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

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

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 2022, Bolivia had a large net trade with Nicaragua in the exports of Stone And Glass ($511k), Chemical Products ($269k), and Mineral Products ($156k).

During 2017, Nicaragua had a large net trade with Bolivia in the exports of Foodstuffs ($2.07M), Textiles ($14.1k), and Miscellaneous ($2.21k).

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) (2022)

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