2022
Exports
$6.54MWorld Rnk 84 / 221
Flag Rnk 59 / 740
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$33.3MWorld Rnk 107 / 224
Flag Rnk 58 / 1143
2022
ECONOMIC COMPLEXITY of Bolivia
-0.85Rnk 106 / 133

About

Exports In 2022, Bolivia exported $6.54M in Excavation Machinery, making it the 84th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 59th most exported product in Bolivia. The main destination of Excavation Machinery exports from Bolivia are: Colombia ($3.16M), Mexico ($1.13M), United States ($1.08M), United Arab Emirates ($165k), and Kazakhstan ($141k).

The fastest growing export markets for Excavation Machinery of Bolivia between 2021 and 2022 were Colombia ($2.78M), Mexico ($906k), and United States ($637k).

Imports In 2022, Bolivia imported $33.3M in Excavation Machinery, becoming the 107th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 58th most imported product in Bolivia. Bolivia imports Excavation Machinery primarily from: China ($10.3M), Brazil ($5.89M), United States ($5.38M), Peru ($2.31M), and Sweden ($1.54M).

The fastest growing import markets in Excavation Machinery for Bolivia between 2021 and 2022 were Brazil ($2.48M), United States ($596k), and Peru ($583k).

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.54M
IMPORTS (2022)$33.3M
NET TRADE (2022)-$26.8M

In 2022, Bolivia exported $6.54M in Excavation Machinery. The main destinations of Bolivia exports on Excavation Machinery were Colombia ($3.16M), Mexico ($1.13M), United States ($1.08M), United Arab Emirates ($165k), and Kazakhstan ($141k).

In 2022, Bolivia imported $33.3M in Excavation Machinery, mainly from China ($10.3M), Brazil ($5.89M), United States ($5.38M), Peru ($2.31M), and Sweden ($1.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Bolivia WERE (2021 - 2022):
Colombia$2.78M (740%)
Mexico$906k (405%)
United States$637k (143%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Bolivia WERE (2021 - 2022):
Ecuador-$501k (-98.1%)
Brazil-$271k (-83%)
Guyana-$196k (-93.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bolivia's main exporting competitors in Excavation Machinery were:
In 2022, Bolivia's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.93M
TOP IMPORT POTENTIALChina+ $4.95M

Excavation Machinery’s highest export potential is United States. With an export gap of $1.93M.   Excavation Machinery’s highest import potential is China with an import gap of $4.95M.

See methodology.

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