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2023
Flag → Flag
Exports $8.49MRnk 38 / 136
2023
Flag → Flag
Top Product $5.25MSoybean Meal
2023
Flag → Flag
Exports $44.5MRnk 101 / 142
2023
Flag → Flag
Top Product $13.9MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 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$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Bolivia-Vietnam Trade: In 2023, Bolivia exported $8.49M to Vietnam. The main products that Bolivia exported to Vietnam were Soybean Meal ($5.25M), Tungsten Ore ($1.23M), and Other Ores ($828k). Over the past 5 years the exports of Bolivia to Vietnam have increased at an annualized rate of 5.22%, from $6.58M in 2018 to $8.49M in 2023.

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

Vietnam-Bolivia Trade: In 2023, Vietnam exported $44.5M to Bolivia. The main products that Vietnam exported to Bolivia were Broadcasting Equipment ($13.9M), Textile Footwear ($7.32M), and Rubber Footwear ($3.65M). Over the past 5 years the exports of Vietnam to Bolivia have increased at an annualized rate of 0.037%,  from $44.4M in 2018 to $44.5M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $134k and imported $4.44M from Vietnam, resulting in a negative trade balance of $4.3M. Between December 2022 and December 2023 the exports of Bolivia have increased by $12.2k (9.96%) from $122k to $134k, while imports increased by $993k (28.8%) from $3.45M to $4.44M.

Trade In December 2023, the top exports of Bolivia to Vietnam were Ores and concentrates of other non-ferrous... ($606k). In December 2023 the top imports of Bolivia from Vietnam were Sports footwear ($658k), Electrical apparatus for line telephony or... ($574k), Analogue or hybrid (analogue-digital) data-processing machines ($206k), Seats (other than those of heading... ($123k), and Other colouring matter; preparations based on... ($101k).

Origins In December 2023 the exports of Bolivia were mainly from Santa Cruz ($134k), while imports destinations were mainly Santa Cruz ($1.94M), La Paz ($1.21M), Tarija ($736k), Cochabamba ($401k), and Oruro ($154k).

Growth In December 2023, the increase in Bolivia's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Ores and concentrates of other non-ferrous... ($547k or 914%). In December 2023, the increase in Bolivia's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Sports footwear ($372k or 130%), Analogue or hybrid (analogue-digital) data-processing machines ($202k or 5.34k%), and Tyres, pneumatic, new, of a kind... ($40.8k or 9.37k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$12.2k(9.96%)
IMPORT GROWTH (December 2022 - December 2023)$993k(28.8%)
MAIN EXPORTER (December 2023)Santa Cruz$134k

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 Vietnam and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $8.49M to Vietnam. The main products exported from Bolivia to Vietnam were Soybean Meal ($5.25M), Tungsten Ore ($1.23M), and Other Ores ($828k). During the last 5 years the exports of Bolivia to Vietnam have increased at an annualized rate of 5.22%, from $6.58M in 2018 to $8.49M in 2023.

In 2018, Vietnam exported $44.5M to Bolivia. The main products exported from Vietnam to Bolivia were Broadcasting Equipment ($13.9M), Textile Footwear ($7.32M), and Rubber Footwear ($3.65M). During the last 5 years the exports of Vietnam to Bolivia have increased at an annualized rate of 0.037%, from $44.4M in 2023 to $44.5M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Bolivia than Vietnam included South Korea ($404M), Ecuador ($208M), and Russia ($12.2M).

In 2023, countries that imported more from Vietnam than Bolivia included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Bolivia - Vietnam

Flow
Scale

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

During 2023, Bolivia had a large net trade with Vietnam in the exports of Foodstuffs ($5.25M), Mineral Products ($2.06M), and Animal Products ($581k).

During 2018, Vietnam had a large net trade with Bolivia in the exports of Machines ($22.5M), Footwear and Headwear ($12.9M), and Textiles ($4.07M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Vietnam+$2.41MCoconuts, Brazil Nuts, and Cashews
Top Product Potential Vietnam Bolivia+$10.2MTelephones

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

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

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