2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
 GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186

About

Chile-Bolivia Trade: In 2022, Chile exported $1.21B to Bolivia. The main products that Chile exported to Bolivia were Refined Petroleum ($416M), Delivery Trucks ($45.5M), and Textile Footwear ($31.4M). Over the past 5 years the exports of Chile to Bolivia have increased at an annualized rate of 7.55%, from $842M in 2017 to $1.21B in 2022.

In 2009, Chile exported services to Bolivia worth $67.1M, with Travel ($37.2M) and Transportation ($29.9M) being the largest in terms of value.

Bolivia-Chile Trade: In 2022, Bolivia exported $244M to Chile. The main products that Bolivia exported to Chile were Soybean Meal ($98.2M), Soybean Oil ($24M), and Other Vegetable Residues ($12M). Over the past 5 years the exports of Bolivia to Chile have increased at an annualized rate of 10.9%,  from $118M in 2017 to $244M in 2022.

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

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $1.21B to Bolivia. The main products exported from Chile to Bolivia were Refined Petroleum ($416M), Delivery Trucks ($45.5M), and Textile Footwear ($31.4M). During the last 5 years the exports of Chile to Bolivia have increased at an annualized rate of 7.55%, from $842M in 2017 to $1.21B in 2022.

In 2017, Bolivia exported $244M to Chile. The main products exported from Bolivia to Chile were Soybean Meal ($98.2M), Soybean Oil ($24M), and Other Vegetable Residues ($12M). During the last 5 years the exports of Bolivia to Chile have increased at an annualized rate of 10.9%, from $118M in 2022 to $244M in 2017.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Bolivia
Top Destination
India$2.27B

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

In 2022, countries that imported more from Chile than Bolivia included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2022, countries that imported more from Bolivia than Chile included India ($2.27B), Argentina ($1.76B), and United Arab Emirates ($514M).

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

Comparative Advantage Chile - Bolivia

Flow
Scale

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

During 2022, Chile had a large net trade with Bolivia in the exports of Mineral Products ($424M), Machines ($177M), and Textiles ($101M).

During 2017, Bolivia had a large net trade with Chile in the exports of Foodstuffs ($145M), Animal and Vegetable Bi-Products ($29M), and Mineral Products ($18.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Bolivia+$1.94MSulfate Chemical Woodpulp
Top Product Potential Bolivia Chile+$13.4MSoybean Oil

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

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

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