Kuwait (KWT) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Kuwait-Bolivia Trade: In 2023, Kuwait exported $27 to Bolivia. The main products that Kuwait exported to Bolivia were N/A. Over the past 6 years the exports of Kuwait to Bolivia have decreased at an annualized rate of 70%, from $37.4k in 2017 to $27 in 2023.

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

Bolivia-Kuwait Trade: In 2023, Bolivia exported $636k to Kuwait. The main products that Bolivia exported to Kuwait were Soybean Meal ($342k), Processed Cereals ($84.7k), and Buckwheat ($75.4k). Over the past 6 years the exports of Bolivia to Kuwait have increased at an annualized rate of 16.5%, from $296k in 2017 to $636k in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). 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, Kuwait exported $27 to Bolivia. There were not main exports from Kuwait to Bolivia in 2023. During the last 6 years the exports of Kuwait to Bolivia have decreased at an annualized rate of 70%, from $37.4k in 2017 to $27 in 2023.

In 2018, Bolivia exported $636k to Kuwait. The main products exported from Bolivia to Kuwait were Soybean Meal ($342k), Processed Cereals ($84.7k), and Buckwheat ($75.4k). During the last 5 years the exports of Bolivia to Kuwait have increased at an annualized rate of 16.5%, from $296k in 2023 to $636k in 2018.

Exports from Kuwait () to Bolivia () (2023)

Exports from Bolivia () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Bolivia ()

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Kuwait than Bolivia included China ($17.4B), Japan ($9.13B), and India ($9.51B).

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

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

Comparative Advantage Kuwait - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Bolivia in the exports of Machines ($27).

During 2018, Bolivia had a large net trade with Kuwait in the exports of Foodstuffs ($407k), Vegetable Products ($215k), and Animal Hides ($4.71k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Bolivia+$5.82kRefined Petroleum

Top Product Potential Bolivia Kuwait+$234kSoybean Oil

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Bolivia () (2023)

Exports from Bolivia () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Bolivia ()

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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