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2022
Flag → Flag
Exports $124MRnk 136 / 217
2022
Flag → Flag
Top Product $25.9MPackaged Medicaments
2022
Flag → Flag
Exports $2.27BRnk 1 / 146
2022
Flag → Flag
Top Product $2.26BGold
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

India-Bolivia Trade: In 2022, India exported $124M to Bolivia. The main products that India exported to Bolivia were Packaged Medicaments ($25.9M), Cars ($14.2M), and Motorcycles and cycles ($9.03M). Over the past 5 years the exports of India to Bolivia have decreased at an annualized rate of 0.83%, from $129M in 2017 to $124M in 2022.

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

Bolivia-India Trade: In 2022, Bolivia exported $2.27B to India. The main products that Bolivia exported to India were Gold ($2.26B), Precious Metal Ore ($2.64M), and Aluminium Ore ($1.96M). Over the past 5 years the exports of Bolivia to India have increased at an annualized rate of 31.4%,  from $578M in 2017 to $2.27B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $5.96M and imported $34.3M from Bolivia, resulting in a negative trade balance of $28.3M. Between August 2023 and August 2024 the exports of India have decreased by $-1.53M (-20.4%) from $7.48M to $5.96M, while imports decreased by $-87.2M (-71.8%) from $121M to $34.3M.

Trade In August 2024, the top exports of India to Bolivia were Two And Three Wheelers ($1.21M), Drug Formulations, Biologicals ($957k), Motor Vehicle/Cars ($428k), Auto Tyres And Tubes ($295k), and Medical And Scientific Instrum ($259k). In August 2024 the top imports of India from Bolivia were Gold ($406k), Telecom Instruments ($2.9k), and Electronics Instruments ($608).

Growth In August 2024, the decrease in India's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Drug Formulations, Biologicals ($-5.17M or -84.4%), Indl. Machnry For Dairy Etc ($-194k or -70.6%), and Bulk Drugs, Drug Intermediates ($-121k or -48.5%). In August 2024, the decrease in India's year-by-year imports  from Bolivia was explained primarily by an decrease in product imports  in Gold ($-223M or -99.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-1.53M(-20.4%)
IMPORT GROWTH (August 2023 - August 2024)$-87.2M(-71.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Bolivia and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $124M to Bolivia. The main products exported from India to Bolivia were Packaged Medicaments ($25.9M), Cars ($14.2M), and Motorcycles and cycles ($9.03M). During the last 5 years the exports of India to Bolivia have decreased at an annualized rate of 0.83%, from $129M in 2017 to $124M in 2022.

In 2017, Bolivia exported $2.27B to India. The main products exported from Bolivia to India were Gold ($2.26B), Precious Metal Ore ($2.64M), and Aluminium Ore ($1.96M). During the last 5 years the exports of Bolivia to India have increased at an annualized rate of 31.4%, from $578M in 2022 to $2.27B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from India than Bolivia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Bolivia than India included Argentina ($1.76B).

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

Comparative Advantage India - Bolivia

Flow
Scale

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

During 2022, India had a large net trade with Bolivia in the exports of Chemical Products ($48.3M), Transportation ($29.3M), and Machines ($11.1M).

During 2017, Bolivia had a large net trade with India in the exports of Precious Metals ($2.26B), Mineral Products ($5.51M), and Metals ($571k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Bolivia+$18.3MRefined Petroleum
Top Product Potential Bolivia India+$3.91MPrecious 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 India and Bolivia. This means that a dot/product with the flag of India indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over India.

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

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