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Pricing

2023
Flag → Flag
Exports $109MRnk 118 / 219
2023
Flag → Flag
Top Product $17.7MMachinery Having Individual Functions
2023
Flag → Flag
Exports $29.8MRnk 26 / 136
2023
Flag → Flag
Top Product $11.4MRaw Tin
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

Italy-Bolivia Trade: In 2023, Italy exported $109M to Bolivia. The main products that Italy exported to Bolivia were Machinery Having Individual Functions ($17.7M), Gas Turbines ($5.76M), and Rubberworking Machinery ($4.67M). Over the past 5 years the exports of Italy to Bolivia have decreased at an annualized rate of 9.41%, from $178M in 2018 to $109M in 2023.

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

Bolivia-Italy Trade: In 2023, Bolivia exported $29.8M to Italy. The main products that Bolivia exported to Italy were Raw Tin ($11.4M), Tanned Equine and Bovine Hides ($4.41M), and Inorganic Salts ($2.21M). Over the past 5 years the exports of Bolivia to Italy have decreased at an annualized rate of 6.57%,  from $41.8M in 2018 to $29.8M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €2.32M and imported €4.14M from Bolivia, resulting in a negative trade balance of €1.83M. Between October 2023 and October 2024 the exports of Italy have decreased by €-1.21M (-34.3%) from €3.53M to €2.32M, while imports increased by €1.59M (62.2%) from €2.55M to €4.14M.

Trade In October 2024, the top exports of Italy to Bolivia were . In October 2024 the top imports of Italy from Bolivia were .

Growth In October 2024, the decrease in Italy's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in . In October 2024, the increase in Italy's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-1.21M(-34.3%)
IMPORT GROWTH (October 2023 - October 2024)€1.59M(62.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Bolivia and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $109M to Bolivia. The main products exported from Italy to Bolivia were Machinery Having Individual Functions ($17.7M), Gas Turbines ($5.76M), and Rubberworking Machinery ($4.67M). During the last 5 years the exports of Italy to Bolivia have decreased at an annualized rate of 9.41%, from $178M in 2018 to $109M in 2023.

In 2018, Bolivia exported $29.8M to Italy. The main products exported from Bolivia to Italy were Raw Tin ($11.4M), Tanned Equine and Bovine Hides ($4.41M), and Inorganic Salts ($2.21M). During the last 5 years the exports of Bolivia to Italy have decreased at an annualized rate of 6.57%, from $41.8M in 2023 to $29.8M in 2018.

Exports from Italy (Flag) to Bolivia (Flag) (2023)

Exports from Bolivia (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Italy than Bolivia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Bolivia than from Italy.

Difference in imports from Bolivia (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Bolivia

Flow
Scale

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

During 2023, Italy had a large net trade with Bolivia in the exports of Machines ($75.4M), Chemical Products ($6.19M), and Instruments ($5.79M).

During 2018, Bolivia had a large net trade with Italy in the exports of Metals ($11.4M), Animal Hides ($4.86M), and Vegetable Products ($3.72M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Bolivia+$3.49MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Bolivia Italy+$40.1MGold

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 Italy and Bolivia. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Italy.

Product Space of Italy (Flag) and Bolivia (Flag) (2023)

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