2022
Flag  
GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
Flag
 GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
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2022
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GDP PC 
$15,892CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
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2022
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GDP PC
$3,523CURRENT US$
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2012-2022
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GDP PC GROWTH
37.5%CURRENT US$
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About

Romania-Bolivia Trade: In 2022, Romania exported $7.51M to Bolivia. The main products that Romania exported to Bolivia were Packaged Medicaments ($3.27M), Non-Knit Women's Undergarments ($599k), and Rubber Tires ($454k). Over the past 5 years the exports of Romania to Bolivia have increased at an annualized rate of 4.66%, from $5.98M in 2017 to $7.51M in 2022.

In 2022, Romania did not export any services to Bolivia.

Bolivia-Romania Trade: In 2022, Bolivia exported $11.5M to Romania. The main products that Bolivia exported to Romania were Iron Ore ($11.3M), Prepared Wool or Animal Hair ($228k), and Interchangeable Tool Parts ($8.05k). Over the past 5 years the exports of Bolivia to Romania have increased at an annualized rate of 156%,  from $105k in 2017 to $11.5M in 2022.

In 2022, Bolivia did not export any services to Romania.

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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
Value

In 2022, Romania exported $7.51M to Bolivia. The main products exported from Romania to Bolivia were Packaged Medicaments ($3.27M), Non-Knit Women's Undergarments ($599k), and Rubber Tires ($454k). During the last 5 years the exports of Romania to Bolivia have increased at an annualized rate of 4.66%, from $5.98M in 2017 to $7.51M in 2022.

In 2017, Bolivia exported $11.5M to Romania. The main products exported from Bolivia to Romania were Iron Ore ($11.3M), Prepared Wool or Animal Hair ($228k), and Interchangeable Tool Parts ($8.05k). During the last 5 years the exports of Bolivia to Romania have increased at an annualized rate of 156%, from $105k in 2022 to $11.5M in 2017.

Exports from Romania (Flag) to Bolivia (Flag) (2022)

Exports from Bolivia (Flag) to Romania (Flag) (2022)

Latest Data

Trade between Romania (Flag) and Bolivia (Flag)

Romania Exports

Bolivia Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Bolivia
Top Destination
India$2.27B

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 2022, countries that imported more from Romania than Bolivia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

Difference in imports from Bolivia (Flag) and Romania (Flag) (2022)

Comparative Advantage Romania - Bolivia

Flow
Scale

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

During 2022, Romania had a large net trade with Bolivia in the exports of Chemical Products ($3.64M), Machines ($1.54M), and Plastics and Rubbers ($756k).

During 2017, Bolivia had a large net trade with Romania in the exports of Mineral Products ($11.3M), Textiles ($228k), and Metals ($8.05k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Romania (Flag) and Bolivia (Flag) (2022)

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