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Pricing

2022
Flag → Flag
Exports $29.5MRnk 119 / 215
2022
Flag → Flag
Top Product $5.35MCars
2022
Flag → Flag
Exports $226MRnk 15 / 146
2022
Flag → Flag
Top Product $101MSilver
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Canada-Bolivia Trade: In 2022, Canada exported $29.5M to Bolivia. The main products that Canada exported to Bolivia were Cars ($5.35M), Rubberworking Machinery ($2.75M), and Dried Legumes ($1.35M). Over the past 5 years the exports of Canada to Bolivia have decreased at an annualized rate of 12.3%, from $56.8M in 2017 to $29.5M in 2022.

In 2022, Canada did not export any services to Bolivia.

Bolivia-Canada Trade: In 2022, Bolivia exported $226M to Canada. The main products that Bolivia exported to Canada were Silver ($101M), Zinc Ore ($54.3M), and Raw Tin ($31.1M). Over the past 5 years the exports of Bolivia to Canada have increased at an annualized rate of 3.79%,  from $188M in 2017 to $226M in 2022.

In 2022, Bolivia did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$2.85M and imported C$33.4M from Bolivia, resulting in a negative trade balance of C$30.5M. Between August 2023 and August 2024 the exports of Canada have increased by C$2.08M (268%) from C$776k to C$2.85M, while imports increased by C$9.55M (40.1%) from C$23.8M to C$33.4M.

Trade In August 2024, the top exports of Canada to Bolivia were Dried Legumes (C$121k), Other Edible Preparations (C$109k), Excavation Machinery (C$65.2k), Asphalt (C$57.1k), and Newsprint (C$54.3k). In August 2024 the top imports of Canada from Bolivia were Silver (C$4.12M), Coconuts, Brazil Nuts, and Cashews (C$557k), Buckwheat (C$549k), Borax (C$368k), and Pasta (C$80.7k).

Origins In August 2024 the exports of Canada were mainly from Saskatchewan (C$867k), Alberta (C$848k), Ontario (C$466k), Manitoba (C$398k), and British Columbia (C$235k), while imports destinations were mainly Ontario (C$16.2M), British Columbia (C$13.1M), Quebec (C$3.98M), Alberta (C$48.3k), and New Brunswick (C$909).

Growth In August 2024, the increase in Canada's year-by-year exports to Bolivia was explained primarily by an increase in product exports in Asphalt (C$26.2k or 84.6%), Newsprint (C$16.9k or 45.2%), and Other Plastic Products (C$474 or 1.08k%). In August 2024, the increase in Canada's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Sowing Seeds (C$74k or 57.4k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$2.08M(268%)
IMPORT GROWTH (August 2023 - August 2024)C$9.55M(40.1%)
MAIN EXPORTER (August 2024)SaskatchewanC$867k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Bolivia and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bolivia and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $29.5M to Bolivia. The main products exported from Canada to Bolivia were Cars ($5.35M), Rubberworking Machinery ($2.75M), and Dried Legumes ($1.35M). During the last 5 years the exports of Canada to Bolivia have decreased at an annualized rate of 12.3%, from $56.8M in 2017 to $29.5M in 2022.

In 2017, Bolivia exported $226M to Canada. The main products exported from Bolivia to Canada were Silver ($101M), Zinc Ore ($54.3M), and Raw Tin ($31.1M). During the last 5 years the exports of Bolivia to Canada have increased at an annualized rate of 3.79%, from $188M in 2022 to $226M in 2017.

Exports from Canada (Flag) to Bolivia (Flag) (2022)

Exports from Bolivia (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Canada than Bolivia included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Bolivia than Canada included Argentina ($1.76B), Burma ($18.3M), and San Marino ($78.6k).

Difference in imports from Bolivia (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Bolivia

Flow
Scale

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

During 2022, Canada had a large net trade with Bolivia in the exports of Machines ($11.8M), Transportation ($7.76M), and Chemical Products ($3.29M).

During 2017, Bolivia had a large net trade with Canada in the exports of Precious Metals ($106M), Mineral Products ($69.9M), and Metals ($31.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Bolivia+$7.21MCars
Top Product Potential Bolivia Canada+$13.7MZinc Ore

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

Product Space of Canada (Flag) and Bolivia (Flag) (2022)

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