North Macedonia (MKD) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

About

North Macedonia-Bolivia Trade: In 2022, North Macedonia exported $64.7k to Bolivia. The main products that North Macedonia exported to Bolivia were Spice Seeds ($43.6k), Opto-Electric Instrument Parts ($6.83k), and Insulated Wire ($6.62k). Over the past 5 years the exports of North Macedonia to Bolivia have increased at an annualized rate of 6.59%, from $47.1k in 2017 to $64.7k in 2022.

In 2022, North Macedonia did not export any services to Bolivia.

Bolivia-North Macedonia Trade: In 2022, Bolivia exported $122k to North Macedonia. The main products that Bolivia exported to North Macedonia were Coconuts, Brazil Nuts, and Cashews ($61k), Shaped Wood ($22.1k), and Processed Cereals ($19.9k). Over the past 5 years the exports of Bolivia to North Macedonia have increased at an annualized rate of 5.93%, from $91.4k in 2017 to $122k in 2022.

In 2022, Bolivia did not export any services to North Macedonia.

Comparison: In 2022, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $64.7k to Bolivia. The main products exported from North Macedonia to Bolivia were Spice Seeds ($43.6k), Opto-Electric Instrument Parts ($6.83k), and Insulated Wire ($6.62k). During the last 5 years the exports of North Macedonia to Bolivia have increased at an annualized rate of 6.59%, from $47.1k in 2017 to $64.7k in 2022.

In 2017, Bolivia exported $122k to North Macedonia. The main products exported from Bolivia to North Macedonia were Coconuts, Brazil Nuts, and Cashews ($61k), Shaped Wood ($22.1k), and Processed Cereals ($19.9k). During the last 5 years the exports of Bolivia to North Macedonia have increased at an annualized rate of 5.93%, from $91.4k in 2022 to $122k in 2017.

Exports from North Macedonia () to Bolivia () (2022)

Exports from Bolivia () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Bolivia ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from North Macedonia than Bolivia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Bolivia than North Macedonia included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

Difference in imports from Bolivia () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Bolivia in the exports of Vegetable Products ($43.6k), Instruments ($6.83k), and Machines ($6.74k).

During 2017, Bolivia had a large net trade with North Macedonia in the exports of Vegetable Products ($89.4k), Wood Products ($22.1k), and Chemical Products ($10.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Bolivia+$35kInsulated Wire

Top Product Potential Bolivia North Macedonia+$41.5kCoconuts, Brazil Nuts, and Cashews

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Bolivia () (2022)

Exports from Bolivia () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Bolivia ()

North Macedonia Exports

Market Competitiveness

Difference in imports from Bolivia () and North Macedonia () (2022)

Comparative Advantage North Macedonia - 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 North Macedonia () and Bolivia () (2022)

Keep Exploring