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Pricing

2022
Flag → Flag
Exports $9.06MRnk 111 / 207
2022
Flag → Flag
Top Product $1.54MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $25.9MRnk 27 / 146
2022
Flag → Flag
Top Product $22.3MZinc Ore
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
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GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC $50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
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GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Finland-Bolivia Trade: In 2022, Finland exported $9.06M to Bolivia. The main products that Finland exported to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($1.54M), Ethylene Polymers ($1.35M), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($901k). Over the past 5 years the exports of Finland to Bolivia have increased at an annualized rate of 2.47%, from $8.02M in 2017 to $9.06M in 2022.

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

Bolivia-Finland Trade: In 2022, Bolivia exported $25.9M to Finland. The main products that Bolivia exported to Finland were Zinc Ore ($22.3M), Precious Metal Ore ($2.62M), and Coconuts, Brazil Nuts, and Cashews ($526k). Over the past 5 years the exports of Bolivia to Finland have decreased at an annualized rate of 1.27%,  from $31.8M in 2017 to $25.9M in 2022.

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

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $9.06M to Bolivia. The main products exported from Finland to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($1.54M), Ethylene Polymers ($1.35M), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($901k). During the last 5 years the exports of Finland to Bolivia have increased at an annualized rate of 2.47%, from $8.02M in 2017 to $9.06M in 2022.

In 2017, Bolivia exported $25.9M to Finland. The main products exported from Bolivia to Finland were Zinc Ore ($22.3M), Precious Metal Ore ($2.62M), and Coconuts, Brazil Nuts, and Cashews ($526k). During the last 5 years the exports of Bolivia to Finland have decreased at an annualized rate of 1.27%, from $31.8M in 2022 to $25.9M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Bolivia (Flag)

Finland Exports

Bolivia Exports

Market Competitiveness

Color
Finland
Top DestinationGermany$9.99B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Finland than Bolivia included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2022, countries that imported more from Bolivia than Finland included Argentina ($1.76B), India ($2.27B), and Colombia ($1.06B).

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

Comparative Advantage Finland - Bolivia

Flow
Scale

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

During 2022, Finland had a large net trade with Bolivia in the exports of Transportation ($2.28M), Plastics and Rubbers ($2.05M), and Machines ($1.63M).

During 2017, Bolivia had a large net trade with Finland in the exports of Mineral Products ($24.9M), Vegetable Products ($555k), and Chemical Products ($374k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Bolivia+$714kDelivery Trucks
Top Product Potential Bolivia Finland+$2.76MPrecious Metal 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 Finland and Bolivia. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Finland.

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

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