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Pricing

2022
Flag → Flag
Exports $28MRnk 150 / 224
2022
Flag → Flag
Top Product $5.18MHard Liquor
2022
Flag → Flag
Exports $161MRnk 19 / 146
2022
Flag → Flag
Top Product $129MRaw Tin
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

United Kingdom-Bolivia Trade: In 2022, United Kingdom exported $28M to Bolivia. The main products that United Kingdom exported to Bolivia were Hard Liquor ($5.18M), Combustion Engines ($1.33M), and Planes, Helicopters, and/or Spacecraft ($1.25M). Over the past 5 years the exports of United Kingdom to Bolivia have decreased at an annualized rate of 9.57%, from $46.2M in 2017 to $28M in 2022.

In 2022, United Kingdom did not export any services to Bolivia.

Bolivia-United Kingdom Trade: In 2022, Bolivia exported $161M to United Kingdom. The main products that Bolivia exported to United Kingdom were Raw Tin ($129M), Coconuts, Brazil Nuts, and Cashews ($22.9M), and Iron Ore ($3.07M). Over the past 5 years the exports of Bolivia to United Kingdom have increased at an annualized rate of 25.7%,  from $51.3M in 2017 to $161M in 2022.

In 2022, Bolivia did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £360k and imported £678k from Bolivia, resulting in a negative trade balance of £319k. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-1.23M (-77.3%) from £1.59M to £360k, while imports decreased by £-257k (-27.5%) from £935k to £678k.

Trade In August 2024, the top exports of United Kingdom to Bolivia were Hard Liquor (£356k), Raw Plastic Sheeting (£136k), Large Construction Vehicles (£51.5k), Electric Soldering Equipment (£48.4k), and Surveying Equipment (£43.6k). In August 2024 the top imports of United Kingdom from Bolivia were Coconuts, Brazil Nuts, and Cashews (£288k), Surveying Equipment (£43.6k), Commodities not elsewhere specified (£2.02k), and Audio Alarms (£1.08k).

Origins In August 2024 the exports of United Kingdom were mainly from London Gateway (£122k), London Heathrow Airport (£82.8k), East Midlands Airport (£72.1k), Immingham (£64.4k), and London Stansted Airport (£13.5k), while imports destinations were mainly London Gateway (£630k), London Heathrow Airport (£33.7k), and London Gatwick Airport (£14.3k).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Liquid Pumps (£-39.6k or -81.5%), Medical Instruments (£-18.7k or -92.9%), and Tractors (£-6.55k or -15.4%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Bolivia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-1.23M(-77.3%)
IMPORT GROWTH (August 2023 - August 2024)£-257k(-27.5%)
MAIN EXPORTER (August 2024)London Gateway£122k

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

To check Bolivia and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bolivia and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $28M to Bolivia. The main products exported from United Kingdom to Bolivia were Hard Liquor ($5.18M), Combustion Engines ($1.33M), and Planes, Helicopters, and/or Spacecraft ($1.25M). During the last 5 years the exports of United Kingdom to Bolivia have decreased at an annualized rate of 9.57%, from $46.2M in 2017 to $28M in 2022.

In 2017, Bolivia exported $161M to United Kingdom. The main products exported from Bolivia to United Kingdom were Raw Tin ($129M), Coconuts, Brazil Nuts, and Cashews ($22.9M), and Iron Ore ($3.07M). During the last 5 years the exports of Bolivia to United Kingdom have increased at an annualized rate of 25.7%, from $51.3M in 2022 to $161M in 2017.

Exports from United Kingdom (Flag) to Bolivia (Flag) (2022)

Exports from Bolivia (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from United Kingdom than Bolivia included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Bolivia than United Kingdom included Argentina ($1.76B), Peru ($885M), and Ecuador ($414M).

Difference in imports from Bolivia (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Bolivia

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Bolivia in the exports of Machines ($7.85M), Foodstuffs ($6.25M), and Chemical Products ($4.74M).

During 2017, Bolivia had a large net trade with United Kingdom in the exports of Metals ($129M), Vegetable Products ($25.3M), and Mineral Products ($3.81M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Bolivia+$2.49MCars
Top Product Potential Bolivia United Kingdom+$1.16MIron 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 United Kingdom and Bolivia. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Bolivia (Flag) (2022)

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