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2023
Flag → Flag
Exports $9.52MRnk 126 / 211
2023
Flag → Flag
Top Product $821kIron Structures
2023
Flag → Flag
Exports $3.72MRnk 50 / 136
2023
Flag → Flag
Top Product $1.2MTanned Equine and Bovine Hides
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

Portugal-Bolivia Trade: In 2023, Portugal exported $9.52M to Bolivia. The main products that Portugal exported to Bolivia were Iron Structures ($821k), Animal Hair ($660k), and Liquid Dispersing Machines ($632k). Over the past 5 years the exports of Portugal to Bolivia have increased at an annualized rate of 3.39%, from $8.06M in 2018 to $9.52M in 2023.

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

Bolivia-Portugal Trade: In 2023, Bolivia exported $3.72M to Portugal. The main products that Bolivia exported to Portugal were Tanned Equine and Bovine Hides ($1.2M), Veneer Sheets ($789k), and Plywood ($386k). Over the past 5 years the exports of Bolivia to Portugal have increased at an annualized rate of 22.5%,  from $1.35M in 2018 to $3.72M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €164k and imported €42.8k from Bolivia, resulting in a positive trade balance of €122k. Between December 2023 and December 2024 the exports of Portugal have decreased by €-258k (-61.1%) from €423k to €164k, while imports increased by €9.54k (28.7%) from €33.3k to €42.8k.

Trade In December 2024, the top exports of Portugal to Bolivia were Headgear (€175k), Machinery, mechanical appliances, & parts (€3.02k), Miscellaneous metal products (€1.58k), Toys, games, & sports (€253), and Perfumery & cosmetics (€225). In December 2024 the top imports of Portugal from Bolivia were Feather articles, feathers, artificial flowers, &... (€59.8k), Wool & animal hair (€1.81k), Chemical products n.e.s. (€146), Knitted fabrics (€138), and Knitted clothing accesories (€110).

Growth In December 2024, the decrease in Portugal's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-87.2k or -96.6%), Pharmaceutical products (€-47k or -100%), and Beverages, spirits, & vinegar (€-36.3k or -100%). In December 2024, the increase in Portugal's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€-258k(-61.1%)
IMPORT GROWTH (December 2023 - December 2024)€9.54k(28.7%)

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

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

For full datasets download visit Bulk Download page.

Explore Bolivia and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $9.52M to Bolivia. The main products exported from Portugal to Bolivia were Iron Structures ($821k), Animal Hair ($660k), and Liquid Dispersing Machines ($632k). During the last 5 years the exports of Portugal to Bolivia have increased at an annualized rate of 3.39%, from $8.06M in 2018 to $9.52M in 2023.

In 2018, Bolivia exported $3.72M to Portugal. The main products exported from Bolivia to Portugal were Tanned Equine and Bovine Hides ($1.2M), Veneer Sheets ($789k), and Plywood ($386k). During the last 5 years the exports of Bolivia to Portugal have increased at an annualized rate of 22.5%, from $1.35M in 2023 to $3.72M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Portugal than Bolivia included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Bolivia than Portugal included India ($1.33B), Argentina ($1.15B), and Colombia ($687M).

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

Comparative Advantage Portugal - Bolivia

Flow
Scale

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

During 2023, Portugal had a large net trade with Bolivia in the exports of Machines ($3.55M), Metals ($1.35M), and Textiles ($955k).

During 2018, Bolivia had a large net trade with Portugal in the exports of Wood Products ($1.61M), Animal Hides ($1.2M), and Vegetable Products ($296k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Bolivia+$593kPackaged Medicaments
Top Product Potential Bolivia Portugal+$220kCoconuts, 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.

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Economic Complexity

Competitive Landscape

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

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

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