NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $9.4MRnk 36 / 136
2023
Flag → Flag
Top Product $7.35MRefined Petroleum
2023
Flag → Flag
Exports $34.4MRnk 34 / 146
2023
Flag → Flag
Top Product $30MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 69 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$83.3BCURRENT US$
Rnk 76 / 195
2013-2023
Flag
GDP GROWTH77.5%CURRENT US$
Rnk 32 / 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$18,686CURRENT US$
Rnk 65 / 196
2013-2023
Flag
GDP PC GROWTH52.3%CURRENT US$
Rnk 43 / 195

About

Bolivia-Panama Trade: In 2023, Bolivia exported $9.4M to Panama. The main products that Bolivia exported to Panama were Refined Petroleum ($7.35M), Soybean Oil ($797k), and Scrap Aluminium ($280k). Over the past 5 years the exports of Bolivia to Panama have increased at an annualized rate of 4.58%, from $7.52M in 2018 to $9.4M in 2023.

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

Panama-Bolivia Trade: In 2023, Panama exported $34.4M to Bolivia. The main products that Panama exported to Bolivia were Refined Petroleum ($30M), Hard Liquor ($1.13M), and Packaged Medicaments ($854k). Over the past 5 years the exports of Panama to Bolivia have increased at an annualized rate of 27.9%,  from $10M in 2018 to $34.4M in 2023.

In 2023, Panama 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, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Latest Trends

November, 2024

About

Overview In November 2024, Bolivia exported $1.8M and imported $683k from Panama, resulting in a positive trade balance of $1.12M. Between November 2023 and November 2024 the exports of Bolivia have increased by $1.15M (175%) from $654k to $1.8M, while imports decreased by $-210k (-23.5%) from $893k to $683k.

Trade In November 2024, the top exports of Bolivia to Panama were Motor spirit (gasoline) and other light... ($575k), Manufactures of asbestos; friction materials ($33.4k), and Screws, bolts, nuts, coach screws, screw... ($1.91k). In November 2024 the top imports of Bolivia from Panama were Spirits (other than those of heading... ($104k), Other parts and accessories of the... ($34.3k), Plastics, n.e.s. ($7.53k), Colouring preparations of a kind used... ($6.1k), and Pulley tackle and hoists (other than... ($5.35k).

Origins In November 2024 the exports of Bolivia were mainly from Potosí ($1.18M), Santa Cruz ($512k), and Cochabamba ($113k), while imports destinations were mainly La Paz ($520k), Santa Cruz ($118k), and Cochabamba ($44.9k).

Growth In November 2024, the increase in Bolivia's year-by-year exports to Panama was explained primarily by an increase in product exports in Motor spirit (gasoline) and other light... ($81.3k or 16.5%). In November 2024, the decrease in Bolivia's year-by-year imports  from Panama was explained primarily by an decrease in product imports  in Spirits (other than those of heading... ($-2.21k or -2.08%) and Children's toys ($-137 or -8.71%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$1.15M(175%)
IMPORT GROWTH (November 2023 - November 2024)$-210k(-23.5%)
MAIN EXPORTER (November 2024)Potosí$1.18M

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 Panama and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Panama and Bolivia Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $9.4M to Panama. The main products exported from Bolivia to Panama were Refined Petroleum ($7.35M), Soybean Oil ($797k), and Scrap Aluminium ($280k). During the last 5 years the exports of Bolivia to Panama have increased at an annualized rate of 4.58%, from $7.52M in 2018 to $9.4M in 2023.

In 2018, Panama exported $34.4M to Bolivia. The main products exported from Panama to Bolivia were Refined Petroleum ($30M), Hard Liquor ($1.13M), and Packaged Medicaments ($854k). During the last 5 years the exports of Panama to Bolivia have increased at an annualized rate of 27.9%, from $10M in 2023 to $34.4M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Panama
Top DestinationChina$1.62B

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

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

In 2023, countries that imported more from Panama than Bolivia included China ($1.62B), Japan ($653M), and Thailand ($346M).

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

Comparative Advantage Bolivia - Panama

Flow
Scale

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

During 2023, Bolivia had a large net trade with Panama in the exports of Mineral Products ($7.41M), Animal and Vegetable Bi-Products ($861k), and Metals ($545k).

During 2018, Panama had a large net trade with Bolivia in the exports of Mineral Products ($30M), Chemical Products ($1.49M), and Foodstuffs ($1.13M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Panama+$2.78MRefined Petroleum
Top Product Potential Panama Bolivia+$1.32MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bolivia and Panama. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Panama. Similarly, a dot/product with the flag of Panama indicates it has a comparative advantage over Bolivia.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms