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2023
Flag → Flag
Exports $4.23MRnk 47 / 136
2023
Flag → Flag
Top Product $1.15MBorax
2023
Flag → Flag
Exports $1.49MRnk 161 / 206
2023
Flag → Flag
Top Product $499kForging Machines
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH32.1%CURRENT US$
Rnk 110 / 195
2023
Flag
GDP PC $3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 195

About

Bolivia-New Zealand Trade: In 2023, Bolivia exported $4.23M to New Zealand. The main products that Bolivia exported to New Zealand were Borax ($1.15M), Shaped Wood ($876k), and Sawn Wood ($511k). Over the past 5 years the exports of Bolivia to New Zealand have decreased at an annualized rate of 10%, from $7.18M in 2018 to $4.23M in 2023.

In 2023, Bolivia did not export any services to New Zealand.

New Zealand-Bolivia Trade: In 2023, New Zealand exported $1.49M to Bolivia. The main products that New Zealand exported to Bolivia were Forging Machines ($499k), Paper Containers ($338k), and Salt ($160k). Over the past 5 years the exports of New Zealand to Bolivia have decreased at an annualized rate of 8.09%,  from $2.27M in 2018 to $1.49M in 2023.

In 2023, New Zealand 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Latest Trends

November, 2024

About

Overview In November 2024, Bolivia exported $41.2k and imported $16.9k from New Zealand, resulting in a positive trade balance of $24.3k. Between November 2023 and November 2024 the exports of Bolivia have decreased by $-563k (-93.2%) from $604k to $41.2k, while imports decreased by $-216k (-92.7%) from $233k to $16.9k.

Trade In November 2024, the top exports of Bolivia to New Zealand were Coffee, not roasted, whether or not... ($207k), Wood of non-coniferous species, sawn or... ($158k), Wood of non-coniferous species (including strips... ($96k), Food preparations, n.e.s. ($91k), and Minerals, crude, n.e.s. ($30.7k). In November 2024 the top imports of Bolivia from New Zealand were Electrical apparatus for line telephony or... ($16.5k), Other electric power machinery; parts of... ($8.8k), Parts, n.e.s., of the machinery of... ($5.37k), Bearing housings and plain shaft bearings ($1.3k), and Parts, n.e.s, for the internal combustion... ($131).

Origins In November 2024 the exports of Bolivia were mainly from Oruro ($41.2k), while imports destinations were mainly Santa Cruz ($16.3k) and La Paz ($560).

Growth In November 2024, the decrease in Bolivia's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Minerals, crude, n.e.s. ($-26.9k or -46.7%) and Wood of non-coniferous species (including strips... ($-3.6k or -3.61%). In November 2024, the decrease in Bolivia's year-by-year imports  from New Zealand was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-563k(-93.2%)
IMPORT GROWTH (November 2023 - November 2024)$-216k(-92.7%)
MAIN EXPORTER (November 2024)Oruro$41.2k

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 New Zealand and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore New Zealand and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $4.23M to New Zealand. The main products exported from Bolivia to New Zealand were Borax ($1.15M), Shaped Wood ($876k), and Sawn Wood ($511k). During the last 5 years the exports of Bolivia to New Zealand have decreased at an annualized rate of 10%, from $7.18M in 2018 to $4.23M in 2023.

In 2018, New Zealand exported $1.49M to Bolivia. The main products exported from New Zealand to Bolivia were Forging Machines ($499k), Paper Containers ($338k), and Salt ($160k). During the last 5 years the exports of New Zealand to Bolivia have decreased at an annualized rate of 8.09%, from $2.27M in 2023 to $1.49M in 2018.

Exports from Bolivia (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Bolivia (Flag) (2023)

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from Bolivia than New Zealand included Brazil ($1.54B), Argentina ($1.15B), and India ($1.33B).

In 2023, countries that imported more from New Zealand than Bolivia included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

Difference in imports from New Zealand (Flag) and Bolivia (Flag) (2023)

Comparative Advantage Bolivia - New Zealand

Flow
Scale

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

During 2023, Bolivia had a large net trade with New Zealand in the exports of Wood Products ($1.39M), Vegetable Products ($1.18M), and Mineral Products ($1.15M).

During 2018, New Zealand had a large net trade with Bolivia in the exports of Machines ($749k), Paper Goods ($338k), and Mineral Products ($160k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia New Zealand+$261kSawn Wood
Top Product Potential New Zealand Bolivia+$188kConcentrated Milk

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

Product Space of Bolivia (Flag) and New Zealand (Flag) (2023)

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