2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH
34.1%CURRENT US$
Rnk 104 / 195
2023
Flag
GDP PC 
$3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC
$24,491CURRENT US$
Rnk 51 / 196
2013-2023
Flag
GDP PC GROWTH
33.7%CURRENT US$
Rnk 71 / 195

About

Bolivia-Slovakia Trade: In 2023, Bolivia exported $848k to Slovakia. The main products that Bolivia exported to Slovakia were Shaped Wood ($336k), Coconuts, Brazil Nuts, and Cashews ($300k), and Raw Tin ($82.8k). Over the past 5 years the exports of Bolivia to Slovakia have increased at an annualized rate of 17.2%, from $383k in 2018 to $848k in 2023.

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

Slovakia-Bolivia Trade: In 2023, Slovakia exported $2.99M to Bolivia. The main products that Slovakia exported to Bolivia were Cars ($499k), Machinery Having Individual Functions ($350k), and Transmissions ($314k). Over the past 5 years the exports of Slovakia to Bolivia have decreased at an annualized rate of 10.4%,  from $5.17M in 2018 to $2.99M in 2023.

In 2023, Slovakia 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $848k to Slovakia. The main products exported from Bolivia to Slovakia were Shaped Wood ($336k), Coconuts, Brazil Nuts, and Cashews ($300k), and Raw Tin ($82.8k). During the last 5 years the exports of Bolivia to Slovakia have increased at an annualized rate of 17.2%, from $383k in 2018 to $848k in 2023.

In 2018, Slovakia exported $2.99M to Bolivia. The main products exported from Slovakia to Bolivia were Cars ($499k), Machinery Having Individual Functions ($350k), and Transmissions ($314k). During the last 5 years the exports of Slovakia to Bolivia have decreased at an annualized rate of 10.4%, from $5.17M in 2023 to $2.99M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Slovakia
Top Destination
Germany$21.5B

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

In 2023, countries that imported more from Bolivia than Slovakia included India ($1.33B), Argentina ($1.15B), and Brazil ($1.54B).

In 2023, countries that imported more from Slovakia than Bolivia included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

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

Comparative Advantage Bolivia - Slovakia

Flow
Scale

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

During 2023, Bolivia had a large net trade with Slovakia in the exports of Vegetable Products ($396k), Wood Products ($336k), and Metals ($82.8k).

During 2018, Slovakia had a large net trade with Bolivia in the exports of Machines ($1.39M), Transportation ($626k), and Vegetable Products ($210k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Slovakia+$173kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Slovakia Bolivia+$1.01MCars

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

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

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