2023
Flag  
GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
GDP PC 
$3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC
$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195

About

Philippines-Bolivia Trade: In 2023, Philippines exported $7.69M to Bolivia. The main products that Philippines exported to Bolivia were Rolled Tobacco ($2.89M), Office Machine Parts ($2.46M), and Shaving Products ($321k). Over the past 5 years the exports of Philippines to Bolivia have increased at an annualized rate of 20.7%, from $3M in 2018 to $7.69M in 2023.

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

Bolivia-Philippines Trade: In 2023, Bolivia exported $645k to Philippines. The main products that Bolivia exported to Philippines were Buckwheat ($218k), Other Oily Seeds ($163k), and Borates ($94.5k). Over the past 5 years the exports of Bolivia to Philippines have decreased at an annualized rate of 0.17%,  from $652k in 2018 to $645k in 2023.

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

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). 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
Value

In 2023, Philippines exported $7.69M to Bolivia. The main products exported from Philippines to Bolivia were Rolled Tobacco ($2.89M), Office Machine Parts ($2.46M), and Shaving Products ($321k). During the last 5 years the exports of Philippines to Bolivia have increased at an annualized rate of 20.7%, from $3M in 2018 to $7.69M in 2023.

In 2018, Bolivia exported $645k to Philippines. The main products exported from Bolivia to Philippines were Buckwheat ($218k), Other Oily Seeds ($163k), and Borates ($94.5k). During the last 5 years the exports of Bolivia to Philippines have decreased at an annualized rate of 0.17%, from $652k in 2023 to $645k in 2018.

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

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

Market Competitiveness

Color
Philippines
Top Destination
China$19B
Bolivia
Top Destination
Brazil$1.54B

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

In 2023, countries that imported more from Philippines than Bolivia included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

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

Comparative Advantage Philippines - Bolivia

Flow
Scale

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

During 2023, Philippines had a large net trade with Bolivia in the exports of Machines ($3.6M), Foodstuffs ($2.89M), and Chemical Products ($385k).

During 2018, Bolivia had a large net trade with Philippines in the exports of Vegetable Products ($384k), Chemical Products ($94.5k), and Mineral Products ($93.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Bolivia+$1.37MIndustrial Printers
Top Product Potential Bolivia Philippines+$241kSeats

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

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

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