2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
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GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
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 GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
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GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
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GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
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GDP PC
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
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About

Bolivia-Saudi Arabia Trade: In 2022, Bolivia exported $2.01M to Saudi Arabia. The main products that Bolivia exported to Saudi Arabia were Steam Boilers ($640k), Large Construction Vehicles ($599k), and Machinery Having Individual Functions ($243k). Over the past 5 years the exports of Bolivia to Saudi Arabia have increased at an annualized rate of 14.9%, from $1.01M in 2017 to $2.01M in 2022.

In 2022, Bolivia did not export any services to Saudi Arabia.

Saudi Arabia-Bolivia Trade: In 2022, Saudi Arabia exported $5.41M to Bolivia. The main products that Saudi Arabia exported to Bolivia were Ethylene Polymers ($3.54M), Propylene Polymers ($1.65M), and Acyclic Alcohols ($83k). Over the past 5 years the exports of Saudi Arabia to Bolivia have increased at an annualized rate of 22.8%,  from $1.94M in 2017 to $5.41M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $2.01M to Saudi Arabia. The main products exported from Bolivia to Saudi Arabia were Steam Boilers ($640k), Large Construction Vehicles ($599k), and Machinery Having Individual Functions ($243k). During the last 5 years the exports of Bolivia to Saudi Arabia have increased at an annualized rate of 14.9%, from $1.01M in 2017 to $2.01M in 2022.

In 2017, Saudi Arabia exported $5.41M to Bolivia. The main products exported from Saudi Arabia to Bolivia were Ethylene Polymers ($3.54M), Propylene Polymers ($1.65M), and Acyclic Alcohols ($83k). During the last 5 years the exports of Saudi Arabia to Bolivia have increased at an annualized rate of 22.8%, from $1.94M in 2022 to $5.41M in 2017.

Exports from Bolivia (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Bolivia (Flag) (2022)

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Saudi Arabia
Top Destination
China$68B

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

In 2022, countries that imported more from Bolivia than Saudi Arabia included Colombia ($1.06B), Argentina ($1.76B), and Peru ($885M).

In 2022, countries that imported more from Saudi Arabia than Bolivia included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Bolivia (Flag) (2022)

Comparative Advantage Bolivia - Saudi Arabia

Flow
Scale

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

During 2022, Bolivia had a large net trade with Saudi Arabia in the exports of Machines ($1.63M), Metals ($204k), and Vegetable Products ($164k).

During 2017, Saudi Arabia had a large net trade with Bolivia in the exports of Plastics and Rubbers ($5.19M), Chemical Products ($142k), and Stone And Glass ($39.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Saudi Arabia+$306kLarge Construction Vehicles
Top Product Potential Saudi Arabia Bolivia+$2.68MEthylene Polymers

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

Product Space of Bolivia (Flag) and Saudi Arabia (Flag) (2022)

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