2022
Flag  
GDP
$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH
-6.57%CURRENT US$
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2022
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 GDP
$43.1BCURRENT US$
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2012-2022
Flag
GDP GROWTH
59%CURRENT US$
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2022
Flag
GDP PC 
$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH
-17.1%CURRENT US$
Rnk 167 / 186
2022
Flag
GDP PC
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
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About

South Africa-Bolivia Trade: In 2022, South Africa exported $10.6M to Bolivia. The main products that South Africa exported to Bolivia were Rubber Tires ($3.12M), Large Flat-Rolled Stainless Steel ($1.98M), and Delivery Trucks ($1.59M). Over the past 5 years the exports of South Africa to Bolivia have decreased at an annualized rate of 1.39%, from $11.4M in 2017 to $10.6M in 2022.

In 2022, South Africa did not export any services to Bolivia.

Bolivia-South Africa Trade: In 2022, Bolivia exported $3.06M to South Africa. The main products that Bolivia exported to South Africa were Shaped Wood ($1.68M), Coconuts, Brazil Nuts, and Cashews ($710k), and Stone Processing Machines ($200k). Over the past 5 years the exports of Bolivia to South Africa have increased at an annualized rate of 10.6%,  from $748k in 2017 to $3.06M in 2022.

In 2022, Bolivia did not export any services to South Africa.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). 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, South Africa exported $10.6M to Bolivia. The main products exported from South Africa to Bolivia were Rubber Tires ($3.12M), Large Flat-Rolled Stainless Steel ($1.98M), and Delivery Trucks ($1.59M). During the last 5 years the exports of South Africa to Bolivia have decreased at an annualized rate of 1.39%, from $11.4M in 2017 to $10.6M in 2022.

In 2017, Bolivia exported $3.06M to South Africa. The main products exported from Bolivia to South Africa were Shaped Wood ($1.68M), Coconuts, Brazil Nuts, and Cashews ($710k), and Stone Processing Machines ($200k). During the last 5 years the exports of Bolivia to South Africa have increased at an annualized rate of 10.6%, from $748k in 2022 to $3.06M in 2017.

Exports from South Africa (Flag) to Bolivia (Flag) (2022)

Exports from Bolivia (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top Destination
China$23.4B
Bolivia
Top Destination
India$2.27B

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

In 2022, countries that imported more from South Africa than Bolivia included China ($23.4B), United States ($10.9B), and Germany ($9.96B).

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

Difference in imports from Bolivia (Flag) and South Africa (Flag) (2022)

Comparative Advantage South Africa - Bolivia

Flow
Scale

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

During 2022, South Africa had a large net trade with Bolivia in the exports of Plastics and Rubbers ($3.64M), Metals ($3.56M), and Transportation ($1.76M).

During 2017, Bolivia had a large net trade with South Africa in the exports of Wood Products ($1.79M), Vegetable Products ($750k), and Machines ($201k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Bolivia+$2.26MDelivery Trucks
Top Product Potential Bolivia South Africa+$410kCoconuts, 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

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

Product Space of South Africa (Flag) and Bolivia (Flag) (2022)

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