Overview In 2020 Bolivia was the number 93 economy in the world in terms of GDP (current US$), the number 100 in total exports, the number 117 in total imports, the number 134 economy in terms of GDP per capita (current US$) and the number 100 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Bolivia are Petroleum Gas ($2.02B), Gold ($1.23B), Zinc Ore ($566M), Precious Metal Ore ($517M), and Soybean Meal ($503M), exporting mostly to Brazil ($1.12B), Argentina ($1.03B), India ($719M), Peru ($477M), and China ($388M).

Imports The top imports of Bolivia are Refined Petroleum ($510M), Cars ($233M), Pesticides ($173M), Delivery Trucks ($168M), and Raw Iron Bars ($147M), importing mostly from China ($1.26B), Brazil ($1.1B), Chile ($791M), Peru ($535M), and Argentina ($516M).

Location Bolivia borders Argentina, Brazil, Chile, Paraguay, and Peru by land.

December, 2021

Historical Data

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Top Export (2020): Petroleum Gas, $2.02B

Top Destination (2020): Brazil, $1.26B

In 2020, Bolivia exported a total of $7.02B, making it the number 100 exporter in the world. During the last five reported years the exports of Bolivia have changed by -$1.99B from $9.02B in 2015 to $7.02B in 2020.

The most recent exports are led by Petroleum Gas ($2.02B), Gold ($1.23B), Zinc Ore ($566M), Precious Metal Ore ($517M), and Soybean Meal ($503M). The most common destination for the exports of Bolivia are Brazil ($1.12B), Argentina ($1.03B), India ($719M), Peru ($477M), and China ($388M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Bolivia Exports Services (2019): $1.43B

Bolivia Imports Services (2019): $2.55B

In 2019, Bolivia exported $1.43B worth of services. The top services exported by Bolivia in 2019 were Personal travel ($597M), Transportation ($455M), Business travel ($199M), Computer and information services ($69.8M), and Other business services ($62.3M).

The top services imported by Bolivia in 2019 were Transportation ($751M), Personal travel ($643M), Other business services ($390M), Business travel ($286M), and Insurance services ($159M).

Economic Complexity

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Most Specialized Products by RCA Index

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Bolivia has a high level of specialization in Buckwheat (180), Zinc Ore (170), Raw Tin (153), Precious Metal Ore (122), and Tin Ores (110). Specialization is measured using RCA, an index that takes the ratio between Bolivia observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Bolivia according to the relatedness index, are Manganese Ore (0.13), Raw Cotton (0.11), Cocoa Beans (0.11), Maté (0.11), and Niobium, Tantalum, Vanadium and Zirconium Ore (0.11). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bolivia is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Bolivia. These are products that tend to be co-exported with the products that Bolivia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

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During the last 19 years Bolivia's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨62nd to the 100th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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