Mexico (MEX) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

About

Mexico-Bolivia Trade: In 2023, Mexico exported $244M to Bolivia. The main products that Mexico exported to Bolivia were Cars ($32.4M), Delivery Trucks ($29.8M), and Video Displays ($13.4M). Over the past 5 years the exports of Mexico to Bolivia have decreased at an annualized rate of 1.07%, from $258M in 2018 to $244M in 2023.

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

Bolivia-Mexico Trade: In 2023, Bolivia exported $49.3M to Mexico. The main products that Bolivia exported to Mexico were Hat Forms ($13.9M), Other Oily Seeds ($10.9M), and Raw Tin ($6.37M). Over the past 5 years the exports of Bolivia to Mexico have increased at an annualized rate of 18.4%, from $21.2M in 2018 to $49.3M in 2023.

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

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). 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, Mexico exported $244M to Bolivia. The main products exported from Mexico to Bolivia were Cars ($32.4M), Delivery Trucks ($29.8M), and Video Displays ($13.4M). During the last 5 years the exports of Mexico to Bolivia have decreased at an annualized rate of 1.07%, from $258M in 2018 to $244M in 2023.

In 2018, Bolivia exported $49.3M to Mexico. The main products exported from Bolivia to Mexico were Hat Forms ($13.9M), Other Oily Seeds ($10.9M), and Raw Tin ($6.37M). During the last 5 years the exports of Bolivia to Mexico have increased at an annualized rate of 18.4%, from $21.2M in 2023 to $49.3M in 2018.

Exports from Mexico () to Bolivia () (2023)

Exports from Bolivia () to Mexico () (2023)

Latest Data

Trade between Mexico () and Bolivia ()

Mexico Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Mexico than Bolivia included United States ($456B), Canada ($33B), and China ($15B).

In 2023, countries that imported more from Bolivia than Mexico included Burma ($41.3M), Russia ($12.2M), and Yemen ($4.67M).

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

Comparative Advantage Mexico - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with Bolivia in the exports of Transportation ($77.2M), Machines ($60.1M), and Chemical Products ($35M).

During 2018, Bolivia had a large net trade with Mexico in the exports of Footwear and Headwear ($13.9M), Vegetable Products ($12.7M), and Metals ($6.46M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Bolivia+$22.1MCars

Top Product Potential Bolivia Mexico+$2.66MRaw Tin

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Bolivia () (2023)

Exports from Bolivia () to Mexico () (2023)

Latest Data

Trade between Mexico () and Bolivia ()

Mexico Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Mexico - Bolivia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring