Romania (ROU) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Romania-Bolivia Trade: In 2023, Romania exported $3.56M to Bolivia. The main products that Romania exported to Bolivia were Low-voltage Protection Equipment ($521k), Chemical Analysis Instruments ($229k), and Rubber Belting ($228k). Over the past 5 years the exports of Romania to Bolivia have decreased at an annualized rate of 14.1%, from $7.62M in 2018 to $3.56M in 2023.

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

Bolivia-Romania Trade: In 2023, Bolivia exported $304k to Romania. The main products that Bolivia exported to Romania were Prepared Wool or Animal Hair ($235k), Other Oily Seeds ($63.7k), and Forging Machines ($4k). Over the past 5 years the exports of Bolivia to Romania have decreased at an annualized rate of 3.48%, from $433k in 2018 to $304k in 2023.

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

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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, Romania exported $3.56M to Bolivia. The main products exported from Romania to Bolivia were Low-voltage Protection Equipment ($521k), Chemical Analysis Instruments ($229k), and Rubber Belting ($228k). During the last 5 years the exports of Romania to Bolivia have decreased at an annualized rate of 14.1%, from $7.62M in 2018 to $3.56M in 2023.

In 2018, Bolivia exported $304k to Romania. The main products exported from Bolivia to Romania were Prepared Wool or Animal Hair ($235k), Other Oily Seeds ($63.7k), and Forging Machines ($4k). During the last 5 years the exports of Bolivia to Romania have decreased at an annualized rate of 3.48%, from $433k in 2023 to $304k in 2018.

Exports from Romania () to Bolivia () (2023)

Exports from Bolivia () to Romania () (2023)

Latest Data

Trade between Romania () and Bolivia ()

Romania Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Romania than Bolivia included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Bolivia than Romania included Brazil ($1.54B), Argentina ($1.15B), and India ($1.33B).

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

Comparative Advantage Romania - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Bolivia in the exports of Machines ($1.93M), Plastics and Rubbers ($521k), and Instruments ($501k).

During 2018, Bolivia had a large net trade with Romania in the exports of Textiles ($235k), Vegetable Products ($63.7k), and Machines ($5.27k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Bolivia+$1.07MPackaged Medicaments

Top Product Potential Bolivia Romania+$88.4kPrepared Wool or Animal Hair

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Bolivia () (2023)

Exports from Bolivia () to Romania () (2023)

Latest Data

Trade between Romania () and Bolivia ()

Romania Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Romania - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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