Iran (IRN) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Iran-Bolivia Trade: In 2023, Iran exported $419k to Bolivia. The main products that Iran exported to Bolivia were Packaged Medicaments ($375k), Iron Radiators ($22.8k), and Medical Instruments ($8.1k). Over the past 5 years the exports of Iran to Bolivia have decreased at an annualized rate of 29.8%, from $2.47M in 2018 to $419k in 2023.

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

Bolivia-Iran Trade: In 2023, Bolivia exported $106k to Iran. The main products that Bolivia exported to Iran were N/A. Over the past 5 years the exports of Bolivia to Iran have decreased at an annualized rate of 12.1%, from $202k in 2018 to $106k in 2023.

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

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iran exported $419k to Bolivia. The main products exported from Iran to Bolivia were Packaged Medicaments ($375k), Iron Radiators ($22.8k), and Medical Instruments ($8.1k). During the last 5 years the exports of Iran to Bolivia have decreased at an annualized rate of 29.8%, from $2.47M in 2018 to $419k in 2023.

In 2011, Bolivia exported $106k to Iran. There were not main exports from Bolivia to Iran in 2011. During the last 5 years the exports of Bolivia to Iran have decreased at an annualized rate of 12.1%, from $202k in 2016 to $106k in 2011.

Exports from Iran () to Bolivia () (2023)

Exports from Bolivia () to Iran () (2023)

Latest Data

Trade between Iran () and Bolivia ()

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Iran than Bolivia included China ($4.59B), Turkey ($2.18B), and Pakistan ($943M).

In 2023, countries that imported more from Bolivia than Iran included Brazil ($1.54B), Argentina ($1.15B), and Colombia ($687M).

Difference in imports from Bolivia () and Iran () (2023)

Comparative Advantage Iran - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Bolivia in the exports of Chemical Products ($379k), Metals ($22.8k), and Machines ($8.63k).

During 2011, Bolivia had a large net trade with Iran in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Bolivia+$94.7kPackaged Medicaments

Top Product Potential Bolivia Iran+$4.24kSoybeans

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

Year

This visualization shows the product space at the HS4 level with the flags of Iran and Bolivia. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Iran.

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Bolivia () (2023)

Exports from Bolivia () to Iran () (2023)

Latest Data

Trade between Iran () and Bolivia ()

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Iran () (2023)

Comparative Advantage Iran - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iran () and Bolivia () (2023)

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