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Pricing

2022
Flag → Flag
Exports $126MRnk 100 / 218
2022
Flag → Flag
Top Product $7.69MElectric Generating Sets
2022
Flag → Flag
Exports $164MRnk 18 / 146
2022
Flag → Flag
Top Product $116MZinc Ore
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Spain-Bolivia Trade: In 2022, Spain exported $126M to Bolivia. The main products that Spain exported to Bolivia were Electric Generating Sets ($7.69M), Lifting Machinery ($5.1M), and Electric Motors ($4.91M). Over the past 5 years the exports of Spain to Bolivia have decreased at an annualized rate of 6.96%, from $181M in 2017 to $126M in 2022.

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

Bolivia-Spain Trade: In 2022, Bolivia exported $164M to Spain. The main products that Bolivia exported to Spain were Zinc Ore ($116M), Precious Metal Ore ($14.6M), and Refined Petroleum ($13.6M). Over the past 5 years the exports of Bolivia to Spain have increased at an annualized rate of 3.14%,  from $141M in 2017 to $164M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €6.13M and imported €14.7M from Bolivia, resulting in a negative trade balance of €8.61M. Between September 2023 and September 2024 the exports of Spain have decreased by €-1.26M (-17%) from €7.38M to €6.13M, while imports increased by €12.1M (458%) from €2.64M to €14.7M.

Trade In September 2024, the top exports of Spain to Bolivia were Medical Instruments (€788k), Cars (€404k), Lifting Machinery (€379k), Centrifuges (€363k), and Other Edible Preparations (€282k). In September 2024 the top imports of Spain from Bolivia were Raw Tin (€593k), Dried Legumes (€239k), Buckwheat (€86k), Fruit Juice (€55.9k), and Perfume Plants (€46.3k).

Origins In September 2024 the exports of Spain were mainly from Guipúzcoa (€1.33M), Barcelona (€1.01M), Valencia (€588k), Vizcaya (€514k), and Madrid (€437k), while imports destinations were mainly Asturias (€12.7M), Barcelona (€1.1M), Vizcaya (€290k), Valencia (€259k), and Alicante (€151k).

Growth In September 2024, the decrease in Spain's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Synthetic Coloring Matter (€-265k or -98.9%), Electrical Transformers (€-144k or -94.2%), and Household Washing Machines (€-132k or -63.3%). In September 2024, the increase in Spain's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Perfume Plants (€3.12k or 7.23%), Dried Fruits (€1.05k or 25%), and Prepared Cereals (€955 or 30.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€-1.26M(-17%)
IMPORT GROWTH (September 2023 - September 2024)€12.1M(458%)
MAIN EXPORTER (September 2024)Guipúzcoa€1.33M

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

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

For full datasets download visit Bulk Download page.

Explore Bolivia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $126M to Bolivia. The main products exported from Spain to Bolivia were Electric Generating Sets ($7.69M), Lifting Machinery ($5.1M), and Electric Motors ($4.91M). During the last 5 years the exports of Spain to Bolivia have decreased at an annualized rate of 6.96%, from $181M in 2017 to $126M in 2022.

In 2017, Bolivia exported $164M to Spain. The main products exported from Bolivia to Spain were Zinc Ore ($116M), Precious Metal Ore ($14.6M), and Refined Petroleum ($13.6M). During the last 5 years the exports of Bolivia to Spain have increased at an annualized rate of 3.14%, from $141M in 2022 to $164M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Spain than Bolivia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Bolivia than Spain included Argentina ($1.76B) and Peru ($885M).

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

Comparative Advantage Spain - Bolivia

Flow
Scale

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

During 2022, Spain had a large net trade with Bolivia in the exports of Machines ($53.4M), Chemical Products ($22.2M), and Instruments ($8.51M).

During 2017, Bolivia had a large net trade with Spain in the exports of Mineral Products ($145M), Vegetable Products ($10.2M), and Metals ($6.56M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Bolivia+$3.51MCars
Top Product Potential Bolivia Spain+$4.99MRefined Petroleum

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

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

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