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Pricing

2023
Flag → Flag
Exports $55.5MRnk 87 / 137
2023
Flag → Flag
Top Product $21.5MAsphalt Mixtures
2023
Flag → Flag
Exports $12.2MRnk 31 / 136
2023
Flag → Flag
Top Product $11.8MCarbonates
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 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 $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

Russia-Bolivia Trade: In 2023, Russia exported $55.5M to Bolivia. The main products that Russia exported to Bolivia were Asphalt Mixtures ($21.5M), Nuclear Reactors ($13.7M), and Other Electrical Machinery ($8.59M). Over the past 5 years the exports of Russia to Bolivia have decreased at an annualized rate of 4.44%, from $69.6M in 2018 to $55.5M in 2023.

In 2020, Russia exported services to Bolivia worth $2.05M, with Construction services ($1.67M), Transportation ($208k), and Computer and information services ($96k) being the largest in terms of value.

Bolivia-Russia Trade: In 2023, Bolivia exported $12.2M to Russia. The main products that Bolivia exported to Russia were Carbonates ($11.8M), Coconuts, Brazil Nuts, and Cashews ($249k), and Edible Offal ($187k). Over the past 5 years the exports of Bolivia to Russia have increased at an annualized rate of 7.29%,  from $8.6M in 2018 to $12.2M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $349k and imported $895k from Bolivia, resulting in a negative trade balance of $546k. Between January 2021 and January 2022 the exports of Russia have decreased by $-4.04M (-92%) from $4.39M to $349k, while imports increased by $814k (999%) from $81.5k to $895k.

Trade In January 2022, the top exports of Russia to Bolivia were Brochures ($2.34M), Architectural Plans ($778k), Electrical Control Boards ($603k), Potassic Fertilizers ($357k), and Vaccines, blood, antisera, toxins and cultures ($199k). In January 2022 the top imports of Russia from Bolivia were Coconuts, Brazil Nuts, and Cashews ($79.5k) and Sowing Seeds ($1.93k).

Origins In January 2022 the exports of Russia were mainly from ST. PETERSBURG ($184k), REPUBLIC OF TATARSTAN ($78.6k), LENINGRAD REGION ($47.3k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($32.5k), and SAMARA REGION ($4.9k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($611k), SVERDLOVSK REGION ($223k), and ST. PETERSBURG ($61.2k).

Growth In January 2022, the decrease in Russia's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Packaged Medicaments ($-68.1k or -100%) and Hydrometers ($-354 or -98.3%). In January 2022, the increase in Russia's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Coconuts, Brazil Nuts, and Cashews ($76.4k or 2.44k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-4.04M(-92%)
IMPORT GROWTH (January 2021 - January 2022)$814k(999%)
MAIN EXPORTER (January 2022)ST. PETERSBURG$184k

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

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

For full datasets download visit Bulk Download page.

Explore Bolivia and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $55.5M to Bolivia. The main products exported from Russia to Bolivia were Asphalt Mixtures ($21.5M), Nuclear Reactors ($13.7M), and Other Electrical Machinery ($8.59M). During the last 5 years the exports of Russia to Bolivia have decreased at an annualized rate of 4.44%, from $69.6M in 2018 to $55.5M in 2023.

In 2018, Bolivia exported $12.2M to Russia. The main products exported from Bolivia to Russia were Carbonates ($11.8M), Coconuts, Brazil Nuts, and Cashews ($249k), and Edible Offal ($187k). During the last 5 years the exports of Bolivia to Russia have increased at an annualized rate of 7.29%, from $8.6M in 2023 to $12.2M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Russia than Bolivia included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Bolivia than Russia included Argentina ($1.15B), South Korea ($404M), and Colombia ($687M).

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

Comparative Advantage Russia - Bolivia

Flow
Scale

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

During 2023, Russia had a large net trade with Bolivia in the exports of Machines ($22.5M), Mineral Products ($22M), and Chemical Products ($8.21M).

During 2018, Bolivia had a large net trade with Russia in the exports of Chemical Products ($11.8M), Vegetable Products ($249k), and Animal Products ($187k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Bolivia+$33.5MRefined Petroleum
Top Product Potential Bolivia Russia+$2.36MFrozen Bovine Meat

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

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

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