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Pricing

2023
Flag → Flag
Exports $134MRnk 106 / 220
2023
Flag → Flag
Top Product $7.53MMachinery Having Individual Functions
2023
Flag → Flag
Exports $99.5MRnk 18 / 136
2023
Flag → Flag
Top Product $54.2MZinc Ore
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

Spain-Bolivia Trade: In 2023, Spain exported $134M to Bolivia. The main products that Spain exported to Bolivia were Machinery Having Individual Functions ($7.53M), Lifting Machinery ($6.71M), and Electric Generating Sets ($6.69M). Over the past 5 years the exports of Spain to Bolivia have decreased at an annualized rate of 15.4%, from $310M in 2018 to $134M in 2023.

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

Bolivia-Spain Trade: In 2023, Bolivia exported $99.5M to Spain. The main products that Bolivia exported to Spain were Zinc Ore ($54.2M), Refined Petroleum ($13M), and Raw Tin ($10.2M). Over the past 5 years the exports of Bolivia to Spain have decreased at an annualized rate of 11.5%,  from $183M in 2018 to $99.5M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Latest Trends

December, 2024

About

Overview In December 2024, Spain exported €5.84M and imported €28.1M from Bolivia, resulting in a negative trade balance of €22.3M. Between December 2023 and December 2024 the exports of Spain have decreased by €-2.33M (-28.5%) from €8.17M to €5.84M, while imports increased by €26.5M (1.6k%) from €1.65M to €28.1M.

Trade In December 2024, the top exports of Spain to Bolivia were Large Iron Containers (€951k), Beauty Products (€375k), Electrical Power Accessories (€343k), Lifting Machinery (€299k), and Stone Processing Machines (€213k). In December 2024 the top imports of Spain from Bolivia were Zinc Ore (€5.24M), Dried Legumes (€934k), Raw Tin (€836k), Scrap Iron (€429k), and Coconuts, Brazil Nuts, and Cashews (€230k).

Origins In December 2024 the exports of Spain were mainly from Barcelona (€1.86M), Madrid (€992k), Guipúzcoa (€537k), Castellón (€319k), and Alicante (€307k), while imports destinations were mainly Asturias (€16.7M), Tarragona (€9.68M), Valencia (€848k), Girona (€206k), and Murcia (€178k).

Growth In December 2024, the decrease in Spain's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Medical Instruments (€-622k or -78.9%), Centrifuges (€-352k or -96.9%), and Cars (€-325k or -80.5%). In December 2024, the increase in Spain's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Zinc Ore (€5.24M or 889k%), Dried Legumes (€695k or 291%), and Raw Tin (€244k or 41.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€-2.33M(-28.5%)
IMPORT GROWTH (December 2023 - December 2024)€26.5M(1.6k%)
MAIN EXPORTER (December 2024)Barcelona€1.86M

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 2023, Spain exported $134M to Bolivia. The main products exported from Spain to Bolivia were Machinery Having Individual Functions ($7.53M), Lifting Machinery ($6.71M), and Electric Generating Sets ($6.69M). During the last 5 years the exports of Spain to Bolivia have decreased at an annualized rate of 15.4%, from $310M in 2018 to $134M in 2023.

In 2018, Bolivia exported $99.5M to Spain. The main products exported from Bolivia to Spain were Zinc Ore ($54.2M), Refined Petroleum ($13M), and Raw Tin ($10.2M). During the last 5 years the exports of Bolivia to Spain have decreased at an annualized rate of 11.5%, from $183M in 2023 to $99.5M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Bolivia
Top DestinationBrazil$1.54B

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 2023, countries that imported more from Spain than Bolivia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Bolivia than Spain included Burma ($41.3M).

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

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 2023, Spain had a large net trade with Bolivia in the exports of Machines ($53.2M), Chemical Products ($30.4M), and Metals ($10.2M).

During 2018, Bolivia had a large net trade with Spain in the exports of Mineral Products ($74.3M), Metals ($11.8M), and Vegetable Products ($10.7M).

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) (2023)

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