Iceland (ISL) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

2023

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Exports $27.9kRnk 131 / 157

2023

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About

Iceland-Bolivia Trade: In 2023, Iceland exported $27.9k to Bolivia. The main products that Iceland exported to Bolivia were Industrial Printers ($13.2k), Scales ($5.05k), and Ink ($4.1k). Over the past 5 years the exports of Iceland to Bolivia have decreased at an annualized rate of 13.4%, from $57.3k in 2018 to $27.9k in 2023.

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

Bolivia-Iceland Trade: In 2023, Bolivia exported $43k to Iceland. The main products that Bolivia exported to Iceland were Other Processed Fruits and Nuts ($15.2k), Other Oily Seeds ($6.69k), and Knitted Hats ($4.66k). Over the past 5 years the exports of Bolivia to Iceland have decreased at an annualized rate of 22.7%, from $156k in 2018 to $43k in 2023.

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

Comparison In 2023, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Latest Data

Trade between Iceland () and Bolivia ()

Iceland Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Iceland than Bolivia included Netherlands ($1.97B), Germany ($771M), and United Kingdom ($607M).

In 2023, countries that imported more from Bolivia than Iceland included Brazil ($1.54B), India ($1.33B), and Argentina ($1.15B).

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

Economic Complexity

Competitive Landscape

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