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Pricing

2022
Flag → Flag
Exports $30.2MRnk 152 / 219
2022
Flag → Flag
Top Product $3.06MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $135MRnk 21 / 146
2022
Flag → Flag
Top Product $77.4MGold
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Turkey-Bolivia Trade: In 2022, Turkey exported $30.2M to Bolivia. The main products that Turkey exported to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($3.06M), Refrigerators ($2.37M), and Electrical Control Boards ($1.63M). Over the past 5 years the exports of Turkey to Bolivia have decreased at an annualized rate of 0.86%, from $31.5M in 2017 to $30.2M in 2022.

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

Bolivia-Turkey Trade: In 2022, Bolivia exported $135M to Turkey. The main products that Bolivia exported to Turkey were Gold ($77.4M), Raw Tin ($28.5M), and Soybean Meal ($28.1M). Over the past 5 years the exports of Bolivia to Turkey have increased at an annualized rate of 5.07%,  from $71.1M in 2017 to $135M in 2022.

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

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $30.2M to Bolivia. The main products exported from Turkey to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($3.06M), Refrigerators ($2.37M), and Electrical Control Boards ($1.63M). During the last 5 years the exports of Turkey to Bolivia have decreased at an annualized rate of 0.86%, from $31.5M in 2017 to $30.2M in 2022.

In 2017, Bolivia exported $135M to Turkey. The main products exported from Bolivia to Turkey were Gold ($77.4M), Raw Tin ($28.5M), and Soybean Meal ($28.1M). During the last 5 years the exports of Bolivia to Turkey have increased at an annualized rate of 5.07%, from $71.1M in 2022 to $135M in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Bolivia (Flag)

Turkey Exports

Bolivia Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Turkey than Bolivia included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, countries that imported more from Bolivia than Turkey included Argentina ($1.76B), Brazil ($1.89B), and Colombia ($1.06B).

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

Comparative Advantage Turkey - Bolivia

Flow
Scale

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

During 2022, Turkey had a large net trade with Bolivia in the exports of Machines ($11.7M), Metals ($4.15M), and Transportation ($4.03M).

During 2017, Bolivia had a large net trade with Turkey in the exports of Precious Metals ($77.4M), Metals ($28.5M), and Foodstuffs ($28.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Bolivia+$2.95MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Bolivia Turkey+$57.3MGold

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

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

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