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Pricing

2022
Flag → Flag
Exports $200MRnk 107 / 223
2022
Flag → Flag
Top Product $17.1MCombustion Engines
2022
Flag → Flag
Exports $113MRnk 22 / 146
2022
Flag → Flag
Top Product $60MRaw Tin
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Germany-Bolivia Trade: In 2022, Germany exported $200M to Bolivia. The main products that Germany exported to Bolivia were Combustion Engines ($17.1M), Electric Generating Sets ($11.5M), and Refined Petroleum ($9.88M). Over the past 5 years the exports of Germany to Bolivia have decreased at an annualized rate of 1.34%, from $214M in 2017 to $200M in 2022.

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

Bolivia-Germany Trade: In 2022, Bolivia exported $113M to Germany. The main products that Bolivia exported to Germany were Raw Tin ($60M), Coconuts, Brazil Nuts, and Cashews ($22.1M), and Zinc Ore ($12M). Over the past 5 years the exports of Bolivia to Germany have increased at an annualized rate of 3.49%,  from $95M in 2017 to $113M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Latest Trends

July, 2024

About

Overview In July 2024, Germany exported €8.74M and imported €19.3M from Bolivia, resulting in a negative trade balance of €10.6M. Between July 2023 and July 2024 the exports of Germany have decreased by €-3.98M (-31.3%) from €12.7M to €8.74M, while imports increased by €13.8M (249%) from €5.54M to €19.3M.

Trade In July 2024, the top exports of Germany to Bolivia were Tin and tin alloys, incl. waste,... (€1.08M), Other machinery (€867k), Pharmaceutical products (€787k), Perfumes and toilet preparations (€424k), and Medical, surgical equipment, orthopaedic apparatus (€404k). In July 2024 the top imports of Germany from Bolivia were Nuts and dried fruits (€6.18M), Tin and tin alloys, incl. waste,... (€1.57M), Machinery for mining, quarrying and construction (€513k), Oilseed and oleaginous fruits (€287k), and Sawn timber (€183k).

Origins In July 2024 the exports of Germany were mainly from Baden-Württemberg (€1.5M), North Rhine-Westphalia (€1.05M), Lower Saxony (€796k), Hesse (€706k), and Bavaria (€692k), while imports destinations were mainly North Rhine-Westphalia (€11.4M), Baden-Württemberg (€2.7M), Rhineland-Pfalz (€2.37M), Hamburg (€1.41M), and Bavaria (€946k).

Growth In July 2024, the decrease in Germany's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Machinery for mining, quarrying and construction (€-1.5M or -91.3%), Other prefabricated chemicals (€-537k or -83.6%), and Paints, varnishes and puttys (€-364k or -91.2%). In July 2024, the increase in Germany's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Nuts and dried fruits (€5.03M or 436%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€-3.98M(-31.3%)
IMPORT GROWTH (July 2023 - July 2024)€13.8M(249%)
MAIN EXPORTER (July 2024)Baden-Württemberg€1.5M

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

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

For full datasets download visit Bulk Download page.

Explore Bolivia and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $200M to Bolivia. The main products exported from Germany to Bolivia were Combustion Engines ($17.1M), Electric Generating Sets ($11.5M), and Refined Petroleum ($9.88M). During the last 5 years the exports of Germany to Bolivia have decreased at an annualized rate of 1.34%, from $214M in 2017 to $200M in 2022.

In 2017, Bolivia exported $113M to Germany. The main products exported from Bolivia to Germany were Raw Tin ($60M), Coconuts, Brazil Nuts, and Cashews ($22.1M), and Zinc Ore ($12M). During the last 5 years the exports of Bolivia to Germany have increased at an annualized rate of 3.49%, from $95M in 2022 to $113M in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Germany than Bolivia included United States ($153B), France ($120B), and Netherlands ($109B).

In 2022, no countries were registered that imported more from Bolivia than from Germany.

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

Comparative Advantage Germany - Bolivia

Flow
Scale

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

During 2022, Germany had a large net trade with Bolivia in the exports of Machines ($102M), Chemical Products ($30.9M), and Instruments ($16.8M).

During 2017, Bolivia had a large net trade with Germany in the exports of Metals ($60.3M), Vegetable Products ($30.7M), and Mineral Products ($12M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Bolivia+$11.8MCars
Top Product Potential Bolivia Germany+$7.94MZinc 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 Germany and Bolivia. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Germany.

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

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