Bhutan (BTN) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Bhutan-Bolivia Trade: In 2023, Bhutan exported $173 to Bolivia. The main products that Bhutan exported to Bolivia were Other Plastic Sheetings ($128) and Iron Fasteners ($45). Over the past 8 years the exports of Bhutan to Bolivia have decreased at an annualized rate of 20.1%, from $1.04k in 2015 to $173 in 2023.

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

Bolivia-Bhutan In N/A, Bolivia did not export any products to Bhutan.

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

Comparison In 2023, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bhutan exported $173 to Bolivia. The main products exported from Bhutan to Bolivia were Other Plastic Sheetings ($128) and Iron Fasteners ($45). During the last 8 years the exports of Bhutan to Bolivia have decreased at an annualized rate of 20.1%, from $1.04k in 2015 to $173 in 2023.

Bolivia does not register exports to Bhutan.

Exports from Bhutan () to Bolivia () (2023)

Exports from Bolivia () to Bhutan () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$421M

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Bhutan than Bolivia included Singapore ($1.75M), Norway ($1.56M), and Slovenia ($867k).

In 2023, countries that imported more from Bolivia than Bhutan included Brazil ($1.54B), China ($1.21B), and Argentina ($1.15B).

Difference in imports from Bolivia () and Bhutan () (2023)

Comparative Advantage Bhutan - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bhutan had a large net trade with Bolivia in the exports of Plastics and Rubbers ($128) and Metals ($45).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bhutan and Bolivia. This means that a dot/product with the flag of Bhutan indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Bhutan.

About

Historical Data

Bilateral Trade by Products

Exports from Bhutan () to Bolivia () (2023)

Exports from Bolivia () to Bhutan () (2023)

Market Competitiveness

Difference in imports from Bolivia () and Bhutan () (2023)

Comparative Advantage Bhutan - Bolivia

Economic Complexity

Competitive Landscape

Product Space of Bhutan () and Bolivia () (2023)

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