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2023
Flag → Flag
Exports $3.51MRnk 51 / 136
2023
Flag → Flag
Top Product $1.57MSawn Wood
2023
Flag → Flag
Exports $7.89MRnk 144 / 211
2023
Flag → Flag
Top Product $2.73MDelivery Trucks
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.07Rnk 59 / 132
2023
Flag  
GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH-5.04%CURRENT US$
Rnk 177 / 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$6,023CURRENT US$
Rnk 113 / 196
2013-2023
Flag
GDP PC GROWTH-17.9%CURRENT US$
Rnk 178 / 195

About

Bolivia-South Africa Trade: In 2023, Bolivia exported $3.51M to South Africa. The main products that Bolivia exported to South Africa were Sawn Wood ($1.57M), Shaped Wood ($1.05M), and Coconuts, Brazil Nuts, and Cashews ($491k). Over the past 5 years the exports of Bolivia to South Africa have increased at an annualized rate of 17.6%, from $1.56M in 2018 to $3.51M in 2023.

In 2023, Bolivia did not export any services to South Africa.

South Africa-Bolivia Trade: In 2023, South Africa exported $7.89M to Bolivia. The main products that South Africa exported to Bolivia were Delivery Trucks ($2.73M), Railway Cargo Containers ($890k), and Large Flat-Rolled Stainless Steel ($857k). Over the past 5 years the exports of South Africa to Bolivia have decreased at an annualized rate of 0.32%,  from $8.42M in 2018 to $7.89M in 2023.

In 2023, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $114k and imported $471k from South Africa, resulting in a negative trade balance of $357k. Between December 2022 and December 2023 the exports of Bolivia have decreased by $-818 (-0.71%) from $115k to $114k, while imports decreased by $-290k (-38.1%) from $761k to $471k.

Trade In December 2023, the top exports of Bolivia to South Africa were Wood of non-coniferous species (including strips... ($275k) and Edible nuts (excluding nuts chiefly used... ($147k). In December 2023 the top imports of Bolivia from South Africa were Polyethylene ($198k), Polymers of propylene or of other... ($133k), Ferromanganese ($77.4k), Bearing housings and plain shaft bearings ($45.2k), and Structures (excluding prefabricated buildings of group... ($40.4k).

Origins In December 2023 the exports of Bolivia were mainly from Pando ($66.8k) and Potosí ($47.6k), while imports destinations were mainly Santa Cruz ($377k), Cochabamba ($88.4k), and La Paz ($6.26k).

Growth In December 2023, the decrease in Bolivia's year-by-year exports to South Africa was explained primarily by an decrease in product exports in . In December 2023, the decrease in Bolivia's year-by-year imports  from South Africa was explained primarily by an decrease in product imports  in Structures (excluding prefabricated buildings of group... ($-231k or -85.1%), Ores and concentrates of other non-ferrous... ($-4.17k or -85.2%), and Parts, n.e.s, for the internal combustion... ($-2.56k or -44%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$-818(-0.71%)
IMPORT GROWTH (December 2022 - December 2023)$-290k(-38.1%)
MAIN EXPORTER (December 2023)Pando$66.8k

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 South Africa and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Africa and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bolivia exported $3.51M to South Africa. The main products exported from Bolivia to South Africa were Sawn Wood ($1.57M), Shaped Wood ($1.05M), and Coconuts, Brazil Nuts, and Cashews ($491k). During the last 5 years the exports of Bolivia to South Africa have increased at an annualized rate of 17.6%, from $1.56M in 2018 to $3.51M in 2023.

In 2018, South Africa exported $7.89M to Bolivia. The main products exported from South Africa to Bolivia were Delivery Trucks ($2.73M), Railway Cargo Containers ($890k), and Large Flat-Rolled Stainless Steel ($857k). During the last 5 years the exports of South Africa to Bolivia have decreased at an annualized rate of 0.32%, from $8.42M in 2023 to $7.89M in 2018.

Exports from Bolivia (Flag) to South Africa (Flag) (2023)

Exports from South Africa (Flag) to Bolivia (Flag) (2023)

Market Competitiveness

Color
Bolivia
Top DestinationBrazil$1.54B
South Africa
Top DestinationChina$29.5B

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

In 2023, countries that imported more from Bolivia than South Africa included Argentina ($1.15B), Brazil ($1.54B), and Colombia ($687M).

In 2023, countries that imported more from South Africa than Bolivia included China ($29.5B), United States ($13B), and Germany ($10.8B).

Difference in imports from South Africa (Flag) and Bolivia (Flag) (2023)

Comparative Advantage Bolivia - South Africa

Flow
Scale

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

During 2023, Bolivia had a large net trade with South Africa in the exports of Wood Products ($2.67M), Vegetable Products ($515k), and Mineral Products ($244k).

During 2018, South Africa had a large net trade with Bolivia in the exports of Transportation ($4M), Metals ($1.78M), and Machines ($690k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia South Africa+$410kCoconuts, Brazil Nuts, and Cashews
Top Product Potential South Africa Bolivia+$2.26MDelivery Trucks

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

Product Space of Bolivia (Flag) and South Africa (Flag) (2023)

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