Thailand (THA) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Thailand-Bolivia Trade: In 2022, Thailand exported $65.3M to Bolivia. The main products that Thailand exported to Bolivia were Delivery Trucks ($22.2M), Cars ($5.59M), and Household Washing Machines ($4.26M). Over the past 5 years the exports of Thailand to Bolivia have increased at an annualized rate of 7.52%, from $45.4M in 2017 to $65.3M in 2022.

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

Bolivia-Thailand Trade: In 2022, Bolivia exported $825k to Thailand. The main products that Bolivia exported to Thailand were Scrap Aluminium ($468k), Precious Stones ($139k), and Other Oily Seeds ($56.4k). Over the past 5 years the exports of Bolivia to Thailand have decreased at an annualized rate of 19.5%, from $2.43M in 2017 to $825k in 2022.

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

Comparison: In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $65.3M to Bolivia. The main products exported from Thailand to Bolivia were Delivery Trucks ($22.2M), Cars ($5.59M), and Household Washing Machines ($4.26M). During the last 5 years the exports of Thailand to Bolivia have increased at an annualized rate of 7.52%, from $45.4M in 2017 to $65.3M in 2022.

In 2017, Bolivia exported $825k to Thailand. The main products exported from Bolivia to Thailand were Scrap Aluminium ($468k), Precious Stones ($139k), and Other Oily Seeds ($56.4k). During the last 5 years the exports of Bolivia to Thailand have decreased at an annualized rate of 19.5%, from $2.43M in 2022 to $825k in 2017.

Exports from Thailand () to Bolivia () (2022)

Exports from Bolivia () to Thailand () (2022)

Latest Data

Trade between Thailand () and Bolivia ()

Thailand Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Thailand than Bolivia included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Bolivia than Thailand included Colombia ($1.06B), Peru ($885M), and Ecuador ($414M).

Difference in imports from Bolivia () and Thailand () (2022)

Comparative Advantage Thailand - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Bolivia in the exports of Transportation ($31.3M), Machines ($19.1M), and Plastics and Rubbers ($6.38M).

During 2017, Bolivia had a large net trade with Thailand in the exports of Metals ($516k), Vegetable Products ($162k), and Precious Metals ($139k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Bolivia+$5.6MCars

Top Product Potential Bolivia Thailand+$477kScrap Aluminium

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Bolivia () (2022)

Exports from Bolivia () to Thailand () (2022)

Latest Data

Trade between Thailand () and Bolivia ()

Thailand Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Thailand () (2022)

Comparative Advantage Thailand - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Bolivia () (2022)

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