2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186

About

Bolivia-Philippines Trade: In 2022, Bolivia exported $1.15M to Philippines. The main products that Bolivia exported to Philippines were Other Furniture ($331k), Seats ($223k), and Borax ($211k). Over the past 5 years the exports of Bolivia to Philippines have increased at an annualized rate of 19.3%, from $477k in 2017 to $1.15M in 2022.

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

Philippines-Bolivia Trade: In 2022, Philippines exported $6.65M to Bolivia. The main products that Philippines exported to Bolivia were Office Machine Parts ($2.78M), Rolled Tobacco ($1.32M), and Electrical Transformers ($476k). Over the past 5 years the exports of Philippines to Bolivia have increased at an annualized rate of 5.99%,  from $4.97M in 2017 to $6.65M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $1.15M to Philippines. The main products exported from Bolivia to Philippines were Other Furniture ($331k), Seats ($223k), and Borax ($211k). During the last 5 years the exports of Bolivia to Philippines have increased at an annualized rate of 19.3%, from $477k in 2017 to $1.15M in 2022.

In 2017, Philippines exported $6.65M to Bolivia. The main products exported from Philippines to Bolivia were Office Machine Parts ($2.78M), Rolled Tobacco ($1.32M), and Electrical Transformers ($476k). During the last 5 years the exports of Philippines to Bolivia have increased at an annualized rate of 5.99%, from $4.97M in 2022 to $6.65M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Philippines
Top Destination
United States$15.5B

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

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

In 2022, countries that imported more from Philippines than Bolivia included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

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

Comparative Advantage Bolivia - Philippines

Flow
Scale

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

During 2022, Bolivia had a large net trade with Philippines in the exports of Miscellaneous ($554k), Mineral Products ($211k), and Vegetable Products ($174k).

During 2017, Philippines had a large net trade with Bolivia in the exports of Machines ($4.15M), Foodstuffs ($1.32M), and Instruments ($535k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Philippines+$241kSeats
Top Product Potential Philippines Bolivia+$1.37MIndustrial Printers

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

Product Space of Bolivia (Flag) and Philippines (Flag) (2022)

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