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2022
Flag → Flag
Exports $1.99MRnk 54 / 126
2022
Flag → Flag
Top Product $476kCocoa Powder
2022
Flag → Flag
Exports $2.5MRnk 48 / 146
2022
Flag → Flag
Top Product $1.44MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Venezuela-Bolivia Trade: In 2022, Venezuela exported $1.99M to Bolivia. The main products that Venezuela exported to Bolivia were Cocoa Powder ($476k), Other Oily Seeds ($416k), and Sulphur ($355k). Over the past 5 years the exports of Venezuela to Bolivia have decreased at an annualized rate of 18.9%, from $5.68M in 2017 to $1.99M in 2022.

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

Bolivia-Venezuela Trade: In 2022, Bolivia exported $2.5M to Venezuela. The main products that Bolivia exported to Venezuela were Refined Petroleum ($1.44M), Hair Products ($237k), and Other Processed Fruits and Nuts ($218k). Over the past 5 years the exports of Bolivia to Venezuela have decreased at an annualized rate of 25.6%,  from $19.9M in 2017 to $2.5M in 2022.

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

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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, Venezuela exported $1.99M to Bolivia. The main products exported from Venezuela to Bolivia were Cocoa Powder ($476k), Other Oily Seeds ($416k), and Sulphur ($355k). During the last 5 years the exports of Venezuela to Bolivia have decreased at an annualized rate of 18.9%, from $5.68M in 2017 to $1.99M in 2022.

In 2017, Bolivia exported $2.5M to Venezuela. The main products exported from Bolivia to Venezuela were Refined Petroleum ($1.44M), Hair Products ($237k), and Other Processed Fruits and Nuts ($218k). During the last 5 years the exports of Bolivia to Venezuela have decreased at an annualized rate of 25.6%, from $19.9M in 2022 to $2.5M in 2017.

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

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

Latest Data

Trade between Venezuela (Flag) and Bolivia (Flag)

Bolivia Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Venezuela than Bolivia included Turkey ($597M), Spain ($518M), and Lebanon ($150M).

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

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

Comparative Advantage Venezuela - Bolivia

Flow
Scale

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

During 2022, Venezuela had a large net trade with Bolivia in the exports of Mineral Products ($724k), Foodstuffs ($527k), and Vegetable Products ($416k).

During 2017, Bolivia had a large net trade with Venezuela in the exports of Mineral Products ($1.44M), Chemical Products ($302k), and Foodstuffs ($218k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Venezuela and Bolivia. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Venezuela.

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

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