2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 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
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Bolivia-Sweden Trade: In 2022, Bolivia exported $2.12M to Sweden. The main products that Bolivia exported to Sweden were Seats ($952k), Other Furniture ($730k), and Coffee ($109k). Over the past 5 years the exports of Bolivia to Sweden have increased at an annualized rate of 0.89%, from $2.02M in 2017 to $2.12M in 2022.

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

Sweden-Bolivia Trade: In 2022, Sweden exported $58.2M to Bolivia. The main products that Sweden exported to Bolivia were Gas Turbines ($15.2M), Tractors ($13.5M), and Large Construction Vehicles ($5.06M). Over the past 5 years the exports of Sweden to Bolivia have decreased at an annualized rate of 18.4%,  from $160M in 2017 to $58.2M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $2.12M to Sweden. The main products exported from Bolivia to Sweden were Seats ($952k), Other Furniture ($730k), and Coffee ($109k). During the last 5 years the exports of Bolivia to Sweden have increased at an annualized rate of 0.89%, from $2.02M in 2017 to $2.12M in 2022.

In 2017, Sweden exported $58.2M to Bolivia. The main products exported from Sweden to Bolivia were Gas Turbines ($15.2M), Tractors ($13.5M), and Large Construction Vehicles ($5.06M). During the last 5 years the exports of Sweden to Bolivia have decreased at an annualized rate of 18.4%, from $160M in 2022 to $58.2M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Sweden
Top Destination
Germany$19.2B

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

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

In 2022, countries that imported more from Sweden than Bolivia included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

Comparative Advantage Bolivia - Sweden

Flow
Scale

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

During 2022, Bolivia had a large net trade with Sweden in the exports of Miscellaneous ($1.68M), Vegetable Products ($213k), and Textiles ($96.8k).

During 2017, Sweden had a large net trade with Bolivia in the exports of Machines ($30.7M), Transportation ($18.5M), and Metals ($3.08M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Sweden+$408kSeats
Top Product Potential Sweden Bolivia+$2.07MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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