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Pricing

2023
Flag → Flag
Exports $3.72MRnk 50 / 136
2023
Flag → Flag
Top Product $1.2MTanned Equine and Bovine Hides
2023
Flag → Flag
Exports $9.52MRnk 126 / 211
2023
Flag → Flag
Top Product $821kIron Structures
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Bolivia-Portugal Trade: In 2023, Bolivia exported $3.72M to Portugal. The main products that Bolivia exported to Portugal were Tanned Equine and Bovine Hides ($1.2M), Veneer Sheets ($789k), and Plywood ($386k). Over the past 5 years the exports of Bolivia to Portugal have increased at an annualized rate of 22.5%, from $1.35M in 2018 to $3.72M in 2023.

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

Portugal-Bolivia Trade: In 2023, Portugal exported $9.52M to Bolivia. The main products that Portugal exported to Bolivia were Iron Structures ($821k), Animal Hair ($660k), and Liquid Dispersing Machines ($632k). Over the past 5 years the exports of Portugal to Bolivia have increased at an annualized rate of 1.12%,  from $8.06M in 2018 to $9.52M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Latest Trends

November, 2024

About

Overview In November 2024, Bolivia exported $160k and imported $108k from Portugal, resulting in a positive trade balance of $51.2k. Between November 2023 and November 2024 the exports of Bolivia have increased by $127k (391%) from $32.5k to $160k, while imports decreased by $-579k (-84.2%) from $688k to $108k.

Trade In November 2024, the top exports of Bolivia to Portugal were Veneer sheets and sheets for plywood... ($232k), Whole bovine skin leather, without hair... ($75.1k), Plywood consisting solely of sheets of... ($69.7k), Safflower seeds ($64.5k), and Wood of non-coniferous species, sawn or... ($24.1k). In November 2024 the top imports of Bolivia from Portugal were Generating sets ($294k), Mechanical appliances (whether or not hand-operated)... ($225k), Natural or artificial abrasive powder or... ($224k), Medical, dental, surgical or veterinary furniture... ($203k), and Other machinery, plant and similar laboratory... ($131k).

Origins In November 2024 the exports of Bolivia were mainly from La Paz ($128k), Santa Cruz ($27.5k), and Cochabamba ($3.91k), while imports destinations were mainly Santa Cruz ($77.5k), La Paz ($31k), and Cochabamba ($50).

Growth In November 2024, the increase in Bolivia's year-by-year exports to Portugal was explained primarily by an increase in product exports in Plywood consisting solely of sheets of... ($48.2k or 224%) and Veneer sheets and sheets for plywood... ($28.5k or 14%). In November 2024, the decrease in Bolivia's year-by-year imports  from Portugal was explained primarily by an decrease in product imports  in Other machinery, plant and similar laboratory... ($-31.1k or -19.1%), Pens, pencils and fountain-pens ($-7.71k or -99.9%), and Articles of iron or steel, n.e.s. ($-5.52k or -97%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$127k(391%)
IMPORT GROWTH (November 2023 - November 2024)$-579k(-84.2%)
MAIN EXPORTER (November 2024)La Paz$128k

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 Portugal 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 $3.72M to Portugal. The main products exported from Bolivia to Portugal were Tanned Equine and Bovine Hides ($1.2M), Veneer Sheets ($789k), and Plywood ($386k). During the last 5 years the exports of Bolivia to Portugal have increased at an annualized rate of 22.5%, from $1.35M in 2018 to $3.72M in 2023.

In 2018, Portugal exported $9.52M to Bolivia. The main products exported from Portugal to Bolivia were Iron Structures ($821k), Animal Hair ($660k), and Liquid Dispersing Machines ($632k). During the last 5 years the exports of Portugal to Bolivia have increased at an annualized rate of 1.12%, from $8.06M in 2023 to $9.52M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Bolivia than Portugal included India ($1.33B), Argentina ($1.15B), and Colombia ($687M).

In 2023, countries that imported more from Portugal than Bolivia included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Bolivia - Portugal

Flow
Scale

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

During 2023, Bolivia had a large net trade with Portugal in the exports of Wood Products ($1.61M), Animal Hides ($1.2M), and Vegetable Products ($296k).

During 2018, Portugal had a large net trade with Bolivia in the exports of Machines ($3.55M), Metals ($1.35M), and Textiles ($955k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Portugal+$220kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Portugal Bolivia+$593kPackaged Medicaments

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

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

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