Tanzania (TZA) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Tanzania-Bolivia Trade: In 2023, Tanzania exported $120k to Bolivia. The main products that Tanzania exported to Bolivia were Planes, Helicopters, and/or Spacecraft ($113k), Electrical Transformers ($5.6k), and Integrated Circuits ($1.2k). Over the past 5 years the exports of Tanzania to Bolivia have increased at an annualized rate of 207%, from $439 in 2018 to $120k in 2023.

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

Bolivia-Tanzania In N/A, Bolivia did not export any products to Tanzania.

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

Comparison: In 2023, Tanzania ranked 116 in the Economic Complexity Index (ECI -1.13), and 99 in total exports ($11.3B). 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, Tanzania exported $120k to Bolivia. The main products exported from Tanzania to Bolivia were Planes, Helicopters, and/or Spacecraft ($113k), Electrical Transformers ($5.6k), and Integrated Circuits ($1.2k). During the last 5 years the exports of Tanzania to Bolivia have increased at an annualized rate of 207%, from $439 in 2018 to $120k in 2023.

Bolivia does not register exports to Tanzania. The main products exported from Bolivia to Tanzania were Borax ($13.4k).

Exports from Tanzania () to Bolivia () (2023)

Exports from Bolivia () to Tanzania () (2023)

Latest Data

Trade between Tanzania () and Bolivia ()

Tanzania Exports

Date

Jun 2018

Mar 2018

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Tanzania
Top DestinationIndia$1.74B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Tanzania than Bolivia included Uganda ($1.35B), South Africa ($1.15B), and United Arab Emirates ($1.62B).

In 2023, countries that imported more from Bolivia than Tanzania included Brazil ($1.54B), Argentina ($1.15B), and Colombia ($687M).

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

Comparative Advantage Tanzania - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Tanzania had a large net trade with Bolivia in the exports of Transportation ($113k), Machines ($6.79k), and Instruments ($383).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Tanzania Bolivia+$6.09kSowing Seeds

Top Product Potential Bolivia Tanzania+$3.82kPetroleum Gas

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

About

Historical Data

Bilateral Trade by Products

Exports from Tanzania () to Bolivia () (2023)

Exports from Bolivia () to Tanzania () (2023)

Latest Data

Trade between Tanzania () and Bolivia ()

Tanzania Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Tanzania - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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