Vietnam (VNM) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Vietnam-Bolivia Trade: In 2023, Vietnam exported $44.5M to Bolivia. The main products that Vietnam exported to Bolivia were Broadcasting Equipment ($13.9M), Textile Footwear ($7.32M), and Rubber Footwear ($3.65M). Over the past 5 years the exports of Vietnam to Bolivia have increased at an annualized rate of 0.037%, from $44.4M in 2018 to $44.5M in 2023.

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

Bolivia-Vietnam Trade: In 2023, Bolivia exported $8.49M to Vietnam. The main products that Bolivia exported to Vietnam were Soybean Meal ($5.25M), Tungsten Ore ($1.23M), and Other Ores ($828k). Over the past 5 years the exports of Bolivia to Vietnam have increased at an annualized rate of 5.22%, from $6.58M in 2018 to $8.49M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, Vietnam exported $44.5M to Bolivia. The main products exported from Vietnam to Bolivia were Broadcasting Equipment ($13.9M), Textile Footwear ($7.32M), and Rubber Footwear ($3.65M). During the last 5 years the exports of Vietnam to Bolivia have increased at an annualized rate of 0.037%, from $44.4M in 2018 to $44.5M in 2023.

In 2018, Bolivia exported $8.49M to Vietnam. The main products exported from Bolivia to Vietnam were Soybean Meal ($5.25M), Tungsten Ore ($1.23M), and Other Ores ($828k). During the last 5 years the exports of Bolivia to Vietnam have increased at an annualized rate of 5.22%, from $6.58M in 2023 to $8.49M in 2018.

Exports from Vietnam () to Bolivia () (2023)

Exports from Bolivia () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Bolivia ()

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Vietnam than Bolivia included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Bolivia than Vietnam included South Korea ($404M), Ecuador ($208M), and Russia ($12.2M).

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

Comparative Advantage Vietnam - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Bolivia in the exports of Machines ($22.5M), Footwear and Headwear ($12.9M), and Textiles ($4.07M).

During 2018, Bolivia had a large net trade with Vietnam in the exports of Foodstuffs ($5.25M), Mineral Products ($2.06M), and Animal Products ($581k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Bolivia+$10.2MTelephones

Top Product Potential Bolivia Vietnam+$2.41MCoconuts, Brazil Nuts, and Cashews

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Bolivia () (2023)

Exports from Bolivia () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Bolivia ()

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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