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2023
Flag → Flag
Exports $189MRnk 117 / 220
2023
Flag → Flag
Top Product $27.4MRefined Petroleum
2023
Flag → Flag
Exports $135MRnk 16 / 136
2023
Flag → Flag
Top Product $56MLead Ore
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
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Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
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GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$3,686CURRENT US$
Rnk 135 / 196
2013-2023
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GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

Germany-Bolivia Trade: In 2023, Germany exported $189M to Bolivia. The main products that Germany exported to Bolivia were Refined Petroleum ($27.4M), Medical Instruments ($11.8M), and Rubberworking Machinery ($9.39M). Over the past 5 years the exports of Germany to Bolivia have decreased at an annualized rate of 4.68%, from $240M in 2018 to $189M in 2023.

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

Bolivia-Germany Trade: In 2023, Bolivia exported $135M to Germany. The main products that Bolivia exported to Germany were Lead Ore ($56M), Raw Tin ($42.6M), and Coconuts, Brazil Nuts, and Cashews ($18.8M). Over the past 5 years the exports of Bolivia to Germany have decreased at an annualized rate of 3.65%,  from $163M in 2018 to $135M in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €7.29M and imported €18M from Bolivia, resulting in a negative trade balance of €10.7M. Between November 2023 and November 2024 the exports of Germany have decreased by €-5.65M (-43.7%) from €12.9M to €7.29M, while imports decreased by €-20.9M (-53.6%) from €38.9M to €18M.

Trade In November 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 November 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 November 2024 the exports of Germany were mainly from Baden-Württemberg (€1.13M), North Rhine-Westphalia (€1.01M), Bavaria (€610k), Berlin (€415k), and Lower Saxony (€365k), while imports destinations were mainly North Rhine-Westphalia (€9.79M), Baden-Württemberg (€5.49M), Hamburg (€1.54M), Bavaria (€567k), and Schleswig-Holstein (€374k).

Growth In November 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 November 2024, the decrease in Germany's year-by-year imports  from Bolivia was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-5.65M(-43.7%)
IMPORT GROWTH (November 2023 - November 2024)€-20.9M(-53.6%)
MAIN EXPORTER (November 2024)Baden-Württemberg€1.13M

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 2023, Germany exported $189M to Bolivia. The main products exported from Germany to Bolivia were Refined Petroleum ($27.4M), Medical Instruments ($11.8M), and Rubberworking Machinery ($9.39M). During the last 5 years the exports of Germany to Bolivia have decreased at an annualized rate of 4.68%, from $240M in 2018 to $189M in 2023.

In 2018, Bolivia exported $135M to Germany. The main products exported from Bolivia to Germany were Lead Ore ($56M), Raw Tin ($42.6M), and Coconuts, Brazil Nuts, and Cashews ($18.8M). During the last 5 years the exports of Bolivia to Germany have decreased at an annualized rate of 3.65%, from $163M in 2023 to $135M in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Bolivia
Top DestinationBrazil$1.54B

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 2023, countries that imported more from Germany than Bolivia included United States ($157B), France ($118B), and Netherlands ($108B).

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

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

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 2023, Germany had a large net trade with Bolivia in the exports of Machines ($75.7M), Mineral Products ($27.6M), and Instruments ($23.5M).

During 2018, Bolivia had a large net trade with Germany in the exports of Mineral Products ($56.4M), Metals ($42.8M), and Vegetable Products ($29.6M).

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) (2023)

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