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2023
Flag → Flag
Exports $2.97MRnk 56 / 136
2023
Flag → Flag
Top Product $2.72MOther Ores
2023
Flag → Flag
Exports $1.19MRnk 128 / 171
2023
Flag → Flag
Top Product $709kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 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$21,550CURRENT US$
Rnk 62 / 196
2013-2023
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GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195

About

Bolivia-Oman Trade: In 2023, Bolivia exported $2.97M to Oman. The main products that Bolivia exported to Oman were Other Ores ($2.72M), Antimony ($197k), and Soybean Oil ($42.7k). Over the past 5 years the exports of Bolivia to Oman have increased at an annualized rate of 104%, from $84.1k in 2018 to $2.97M in 2023.

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

Oman-Bolivia Trade: In 2023, Oman exported $1.19M to Bolivia. The main products that Oman exported to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($709k), Electrical Lighting and Signalling Equipment ($172k), and Engine Parts ($74.9k). Over the past 5 years the exports of Oman to Bolivia have decreased at an annualized rate of 3.63%,  from $1.43M in 2018 to $1.19M in 2023.

In 2023, Oman 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, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $510k and imported $254 from Oman, resulting in a positive trade balance of $509k. Between December 2022 and December 2023 the exports of Bolivia have increased by $417k (451%) from $92.5k to $510k, while imports decreased by $-314k (-99.9%) from $314k to $254.

Trade In December 2023, the top exports of Bolivia to Oman were . In December 2023 the top imports of Bolivia from Oman were .

Origins In December 2023 the exports of Bolivia were mainly from Potosí ($510k), while imports destinations were mainly N/A.

Growth In December 2023, the increase in Bolivia's year-by-year exports to Oman was explained primarily by an increase in product exports in . In September 2023, the decrease in Bolivia's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$417k(451%)
IMPORT GROWTH (September 2022 - September 2023)$-314k(-99.9%)
MAIN EXPORTER (December 2023)Potosí$510k

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 Oman and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $2.97M to Oman. The main products exported from Bolivia to Oman were Other Ores ($2.72M), Antimony ($197k), and Soybean Oil ($42.7k). During the last 5 years the exports of Bolivia to Oman have increased at an annualized rate of 104%, from $84.1k in 2018 to $2.97M in 2023.

In 2018, Oman exported $1.19M to Bolivia. The main products exported from Oman to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($709k), Electrical Lighting and Signalling Equipment ($172k), and Engine Parts ($74.9k). During the last 5 years the exports of Oman to Bolivia have decreased at an annualized rate of 3.63%, from $1.43M in 2023 to $1.19M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Bolivia than Oman included Argentina ($1.15B), Brazil ($1.54B), and Colombia ($687M).

In 2023, countries that imported more from Oman than Bolivia included China ($30.2B), Saudi Arabia ($3.64B), and India ($4.5B).

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

Comparative Advantage Bolivia - Oman

Flow
Scale

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

During 2023, Bolivia had a large net trade with Oman in the exports of Mineral Products ($2.72M), Metals ($197k), and Animal and Vegetable Bi-Products ($42.7k).

During 2018, Oman had a large net trade with Bolivia in the exports of Transportation ($714k), Machines ($390k), and Plastics and Rubbers ($40.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Oman+$43kOther Ores
Top Product Potential Oman Bolivia+$381kPolyacetals

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

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

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