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2022
Flag → Flag
Exports $7.91MRnk 35 / 146
2022
Flag → Flag
Top Product $7.51MRefined Petroleum
2022
Flag → Flag
Exports $5.04MRnk 60 / 153
2022
Flag → Flag
Top Product $1.28MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 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$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Bolivia-Panama Trade: In 2022, Bolivia exported $7.91M to Panama. The main products that Bolivia exported to Panama were Refined Petroleum ($7.51M), Precious Metal Scraps ($106k), and Stone Processing Machines ($70k). Over the past 5 years the exports of Bolivia to Panama have increased at an annualized rate of 1.23%, from $7.44M in 2017 to $7.91M in 2022.

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

Panama-Bolivia Trade: In 2022, Panama exported $5.04M to Bolivia. The main products that Panama exported to Bolivia were Hard Liquor ($1.28M), Refined Petroleum ($1.19M), and Video Recording Equipment ($260k). Over the past 5 years the exports of Panama to Bolivia have decreased at an annualized rate of 21.2%,  from $16.6M in 2017 to $5.04M in 2022.

In 2022, Panama 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, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $1.11M and imported $189k from Panama, resulting in a positive trade balance of $926k. Between December 2022 and December 2023 the exports of Bolivia have increased by $373k (50.3%) from $742k to $1.11M, while imports decreased by $-82.6k (-30.4%) from $271k to $189k.

Trade In December 2023, 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 December 2023 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 December 2023 the exports of Bolivia were mainly from Santa Cruz ($1.05M) and Cochabamba ($64.2k), while imports destinations were mainly Cochabamba ($112k), Santa Cruz ($73.5k), and La Paz ($3k).

Growth In December 2023, 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... ($81.3k or 16.5%). In December 2023, the decrease in Bolivia's year-by-year imports  from Panama was explained primarily by an decrease in product imports  in Spirits (other than those of heading... ($-2.21k or -2.08%) and Children's toys ($-137 or -8.71%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$373k(50.3%)
IMPORT GROWTH (December 2022 - December 2023)$-82.6k(-30.4%)
MAIN EXPORTER (December 2023)Santa Cruz$1.05M

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $7.91M to Panama. The main products exported from Bolivia to Panama were Refined Petroleum ($7.51M), Precious Metal Scraps ($106k), and Stone Processing Machines ($70k). During the last 5 years the exports of Bolivia to Panama have increased at an annualized rate of 1.23%, from $7.44M in 2017 to $7.91M in 2022.

In 2017, Panama exported $5.04M to Bolivia. The main products exported from Panama to Bolivia were Hard Liquor ($1.28M), Refined Petroleum ($1.19M), and Video Recording Equipment ($260k). During the last 5 years the exports of Panama to Bolivia have decreased at an annualized rate of 21.2%, from $16.6M in 2022 to $5.04M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationIndia$2.27B
Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Panama than Bolivia included China ($1.14B), Thailand ($295M), and Costa Rica ($242M).

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

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 2022, Bolivia had a large net trade with Panama in the exports of Mineral Products ($7.55M), Machines ($116k), and Precious Metals ($106k).

During 2017, Panama had a large net trade with Bolivia in the exports of Foodstuffs ($1.39M), Mineral Products ($1.19M), and Machines ($578k).

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.

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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) (2022)

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