2023
Flag  
GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
GDP PC 
$10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC
$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195

About

Brazil-Bolivia Trade: In 2023, Brazil exported $1.86B to Bolivia. The main products that Brazil exported to Bolivia were Raw Iron Bars ($91.1M), Other Edible Preparations ($84.2M), and Refined Petroleum ($74.1M). Over the past 5 years the exports of Brazil to Bolivia have increased at an annualized rate of 3.97%, from $1.53B in 2018 to $1.86B in 2023.

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

Bolivia-Brazil Trade: In 2023, Bolivia exported $1.54B to Brazil. The main products that Bolivia exported to Brazil were Petroleum Gas ($1.33B), Nitrogenous Fertilizers ($61.8M), and Borax ($43.2M). Over the past 5 years the exports of Bolivia to Brazil have decreased at an annualized rate of 1.85%,  from $1.69B in 2018 to $1.54B in 2023.

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

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $1.86B to Bolivia. The main products exported from Brazil to Bolivia were Raw Iron Bars ($91.1M), Other Edible Preparations ($84.2M), and Refined Petroleum ($74.1M). During the last 5 years the exports of Brazil to Bolivia have increased at an annualized rate of 3.97%, from $1.53B in 2018 to $1.86B in 2023.

In 2018, Bolivia exported $1.54B to Brazil. The main products exported from Bolivia to Brazil were Petroleum Gas ($1.33B), Nitrogenous Fertilizers ($61.8M), and Borax ($43.2M). During the last 5 years the exports of Bolivia to Brazil have decreased at an annualized rate of 1.85%, from $1.69B in 2023 to $1.54B in 2018.

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

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

Market Competitiveness

Color
Brazil
Top Destination
China$106B
Bolivia
Top Destination
Brazil$1.54B

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

In 2023, countries that imported more from Brazil than Bolivia included China ($106B), United States ($37B), and Argentina ($17.2B).

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

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

Comparative Advantage Brazil - Bolivia

Flow
Scale

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

During 2023, Brazil had a large net trade with Bolivia in the exports of Machines ($380M), Metals ($244M), and Foodstuffs ($216M).

During 2018, Bolivia had a large net trade with Brazil in the exports of Mineral Products ($1.38B), Chemical Products ($86M), and Metals ($27.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Bolivia+$44.1MRefined Petroleum
Top Product Potential Bolivia Brazil+$68.7MNitrogenous Fertilizers

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

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

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