Denmark (DNK) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Denmark-Bolivia Trade: In 2023, Denmark exported $15.1M to Bolivia. The main products that Denmark exported to Bolivia were Industrial Fatty Acids, Oils and Alcohols ($2.95M), Enzymes ($1.57M), and Centrifuges ($1.01M). Over the past 5 years the exports of Denmark to Bolivia have decreased at an annualized rate of 9.55%, from $24.9M in 2018 to $15.1M in 2023.

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

Bolivia-Denmark Trade: In 2023, Bolivia exported $1.78M to Denmark. The main products that Bolivia exported to Denmark were Shaped Wood ($399k), Knit Sweaters ($251k), and Other Oily Seeds ($234k). Over the past 5 years the exports of Bolivia to Denmark have decreased at an annualized rate of 3.13%, from $2.09M in 2018 to $1.78M in 2023.

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

Comparison: In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). 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, Denmark exported $15.1M to Bolivia. The main products exported from Denmark to Bolivia were Industrial Fatty Acids, Oils and Alcohols ($2.95M), Enzymes ($1.57M), and Centrifuges ($1.01M). During the last 5 years the exports of Denmark to Bolivia have decreased at an annualized rate of 9.55%, from $24.9M in 2018 to $15.1M in 2023.

In 2018, Bolivia exported $1.78M to Denmark. The main products exported from Bolivia to Denmark were Shaped Wood ($399k), Knit Sweaters ($251k), and Other Oily Seeds ($234k). During the last 5 years the exports of Bolivia to Denmark have decreased at an annualized rate of 3.13%, from $2.09M in 2023 to $1.78M in 2018.

Exports from Denmark () to Bolivia () (2023)

Exports from Bolivia () to Denmark () (2023)

Latest Data

Trade between Denmark () and Bolivia ()

Denmark Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Denmark than Bolivia included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

In 2023, countries that imported more from Bolivia than Denmark included Argentina ($1.15B), Peru ($622M), and Colombia ($687M).

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

Comparative Advantage Denmark - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Bolivia in the exports of Chemical Products ($5.37M), Machines ($4.67M), and Instruments ($1.66M).

During 2018, Bolivia had a large net trade with Denmark in the exports of Vegetable Products ($439k), Textiles ($433k), and Wood Products ($400k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Bolivia+$1.07MPackaged Medicaments

Top Product Potential Bolivia Denmark+$198kShaped Wood

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Denmark () to Bolivia () (2023)

Exports from Bolivia () to Denmark () (2023)

Latest Data

Trade between Denmark () and Bolivia ()

Denmark Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Denmark - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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