2022
Flag  
GDP
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC 
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%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).

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 Destination
United States$61.8B
Bolivia
Top Destination
India$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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