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2023
Flag → Flag
Exports $556kRnk 73 / 136
2023
Flag → Flag
Top Product $209kBuckwheat
2023
Flag → Flag
Exports $50.2MRnk 104 / 217
2023
Flag → Flag
Top Product $42.5MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 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$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Bolivia-Singapore Trade: In 2023, Bolivia exported $556k to Singapore. The main products that Bolivia exported to Singapore were Buckwheat ($209k), Other Oily Seeds ($135k), and Coconuts, Brazil Nuts, and Cashews ($65.9k). Over the past 5 years the exports of Bolivia to Singapore have decreased at an annualized rate of 16.7%, from $1.39M in 2018 to $556k in 2023.

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

Singapore-Bolivia Trade: In 2023, Singapore exported $50.2M to Bolivia. The main products that Singapore exported to Bolivia were Refined Petroleum ($42.5M), Rubber Belting ($903k), and Antiknock ($828k). Over the past 5 years the exports of Singapore to Bolivia have decreased at an annualized rate of 20.4%,  from $157M in 2018 to $50.2M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Latest Trends

November, 2023

About

Overview In November 2023, Bolivia exported $32.8k and imported $1.02M from Singapore, resulting in a negative trade balance of $987k. Between November 2022 and November 2023 the exports of Bolivia have increased by $5.46k (20%) from $27.3k to $32.8k, while imports decreased by $-3.32M (-76.5%) from $4.34M to $1.02M.

Trade In November 2023, the top exports of Bolivia to Singapore were Safflower seeds ($37.2k) and Buckwheat, millet and canary seed; other... ($14.6k). In November 2023 the top imports of Bolivia from Singapore were Compasses; other navigational instruments and appliances;... ($125k), Food preparations, n.e.s. ($96.9k), Oscilloscopes, spectrum analyzers and other instruments... ($47.6k), Conveyor or transmission belts or belting,... ($36.6k), and Other tubes, pipes and hoses, not... ($33.5k).

Origins In November 2023 the exports of Bolivia were mainly from N/A, while imports destinations were mainly Oruro ($515k), Cochabamba ($304k), La Paz ($124k), Santa Cruz ($75.1k), and Potosí ($294).

Growth In November 2023, the increase in Bolivia's year-by-year exports to Singapore was explained primarily by an increase in product exports in Safflower seeds ($18.8k or 102%). In December 2023, the decrease in Bolivia's year-by-year imports  from Singapore was explained primarily by an decrease in product imports  in Conveyor or transmission belts or belting,... ($-259k or -87.6%), Electrical apparatus for line telephony or... ($-69.1k or -96.8%), and Filtering or purifying machinery and apparatus,... ($-68.5k or -91.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2022 - November 2023)$5.46k(20%)
IMPORT GROWTH (December 2022 - December 2023)$-3.32M(-76.5%)

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 Singapore and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $556k to Singapore. The main products exported from Bolivia to Singapore were Buckwheat ($209k), Other Oily Seeds ($135k), and Coconuts, Brazil Nuts, and Cashews ($65.9k). During the last 5 years the exports of Bolivia to Singapore have decreased at an annualized rate of 16.7%, from $1.39M in 2018 to $556k in 2023.

In 2018, Singapore exported $50.2M to Bolivia. The main products exported from Singapore to Bolivia were Refined Petroleum ($42.5M), Rubber Belting ($903k), and Antiknock ($828k). During the last 5 years the exports of Singapore to Bolivia have decreased at an annualized rate of 20.4%, from $157M in 2023 to $50.2M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Bolivia than Singapore included Argentina ($1.15B), Peru ($622M), and Colombia ($687M).

In 2023, countries that imported more from Singapore than Bolivia included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Bolivia - Singapore

Flow
Scale

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

During 2023, Bolivia had a large net trade with Singapore in the exports of Vegetable Products ($440k), Instruments ($30.2k), and Foodstuffs ($30.1k).

During 2018, Singapore had a large net trade with Bolivia in the exports of Mineral Products ($42.5M), Machines ($1.99M), and Plastics and Rubbers ($1.64M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Singapore+$232kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Singapore Bolivia+$52.8MRefined 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 Singapore. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Bolivia.

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

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