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2023
Flag → Flag
Exports $277MRnk 10 / 136
2023
Flag → Flag
Top Product $59.1MRaw Tin
2023
Flag → Flag
Exports $766MRnk 92 / 220
2023
Flag → Flag
Top Product $259MRefined Petroleum
2023
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Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
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GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
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 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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GDP PC $3,686CURRENT US$
Rnk 135 / 195
2013-2023
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GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195
2023
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GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Bolivia-United States Trade: In 2023, Bolivia exported $277M to United States. The main products that Bolivia exported to United States were Raw Tin ($59.1M), Buckwheat ($24.2M), and Coconuts, Brazil Nuts, and Cashews ($22.3M). Over the past 5 years the exports of Bolivia to United States have decreased at an annualized rate of 12.7%, from $547M in 2018 to $277M in 2023.

In 2023, Bolivia did not export any services to United States.

United States-Bolivia Trade: In 2023, United States exported $766M to Bolivia. The main products that United States exported to Bolivia were Refined Petroleum ($259M), Planes, Helicopters, and/or Spacecraft ($43.8M), and Cars ($39.9M). Over the past 5 years the exports of United States to Bolivia have increased at an annualized rate of 3.1%,  from $657M in 2018 to $766M in 2023.

In 2023, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $21.4M and imported $35.9M from United States, resulting in a negative trade balance of $14.5M. Between December 2022 and December 2023 the exports of Bolivia have increased by $6.87M (47.2%) from $14.5M to $21.4M, while imports decreased by $-77.6M (-68.4%) from $114M to $35.9M.

Trade In December 2023, the top exports of Bolivia to United States were Edible nuts (excluding nuts chiefly used... ($1.81M), Buckwheat, millet and canary seed; other... ($1.58M), Tin and tin alloys, unwrought ($1.25M), Jewellery of gold, silver or platinum... ($829k), and Ores and concentrates of other non-ferrous... ($717k). In December 2023 the top imports of Bolivia from United States were Gas oils ($30.4M), Motor spirit (gasoline) and other light... ($14M), Aeroplanes and other aircraft, mechanically-propelled (other... ($10.6M), Kerosene and other medium oils (not... ($2.25M), and Motor vehicles for the transport of... ($2.07M).

Origins In December 2023 the exports of Bolivia were mainly from Potosí ($6.2M), La Paz ($3.86M), Oruro ($3.54M), Santa Cruz ($2.56M), and Beni ($1.85M), while imports destinations were mainly Santa Cruz ($19.4M), La Paz ($8.3M), Oruro ($5.17M), Cochabamba ($1.96M), and Potosí ($860k).

Growth In December 2023, the increase in Bolivia's year-by-year exports to United States was explained primarily by an increase in product exports in Edible nuts (excluding nuts chiefly used... ($1.06M or 141%), Buckwheat, millet and canary seed; other... ($732k or 86.7%), and Articles of leather or of composition... ($429k or 257%). In December 2023, the decrease in Bolivia's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Motor spirit (gasoline) and other light... ($-14.5M or -50.8%), Kerosene and other medium oils (not... ($-1.53M or -40.5%), and Grain sorghum, unmilled ($-1.1M or -68%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$6.87M(47.2%)
IMPORT GROWTH (December 2022 - December 2023)$-77.6M(-68.4%)
MAIN EXPORTER (December 2023)Potosí$6.2M

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 United States and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $277M to United States. The main products exported from Bolivia to United States were Raw Tin ($59.1M), Buckwheat ($24.2M), and Coconuts, Brazil Nuts, and Cashews ($22.3M). During the last 5 years the exports of Bolivia to United States have decreased at an annualized rate of 12.7%, from $547M in 2018 to $277M in 2023.

In 2018, United States exported $766M to Bolivia. The main products exported from United States to Bolivia were Refined Petroleum ($259M), Planes, Helicopters, and/or Spacecraft ($43.8M), and Cars ($39.9M). During the last 5 years the exports of United States to Bolivia have increased at an annualized rate of 3.1%, from $657M in 2023 to $766M in 2018.

Exports from Bolivia (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Bolivia (Flag) (2023)

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
United States
Top DestinationCanada$269B

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

In 2023, no countries were registered that imported more from Bolivia than from United States.

In 2023, countries that imported more from United States than Bolivia included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Bolivia (Flag) (2023)

Comparative Advantage Bolivia - United States

Flow
Scale

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

During 2023, Bolivia had a large net trade with United States in the exports of Metals ($63.7M), Vegetable Products ($58.2M), and Precious Metals ($31.4M).

During 2018, United States had a large net trade with Bolivia in the exports of Mineral Products ($262M), Machines ($159M), and Transportation ($107M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia United States+$25.9MGold
Top Product Potential United States Bolivia+$84.1MRefined 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 United States. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Bolivia.

Product Space of Bolivia (Flag) and United States (Flag) (2023)

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