2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186

About

Bolivia-Colombia Trade: In 2022, Bolivia exported $1.06B to Colombia. The main products that Bolivia exported to Colombia were Soybean Meal ($554M), Soybean Oil ($354M), and Concentrated Milk ($34.6M). Over the past 5 years the exports of Bolivia to Colombia have increased at an annualized rate of 20.5%, from $417M in 2017 to $1.06B in 2022.

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

Colombia-Bolivia Trade: In 2022, Colombia exported $148M to Bolivia. The main products that Colombia exported to Bolivia were Propylene Polymers ($13.2M), Perfumes ($10.8M), and Packaged Medicaments ($9.4M). Over the past 5 years the exports of Colombia to Bolivia have decreased at an annualized rate of 3.57%,  from $191M in 2017 to $148M in 2022.

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

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $1.06B to Colombia. The main products exported from Bolivia to Colombia were Soybean Meal ($554M), Soybean Oil ($354M), and Concentrated Milk ($34.6M). During the last 5 years the exports of Bolivia to Colombia have increased at an annualized rate of 20.5%, from $417M in 2017 to $1.06B in 2022.

In 2017, Colombia exported $148M to Bolivia. The main products exported from Colombia to Bolivia were Propylene Polymers ($13.2M), Perfumes ($10.8M), and Packaged Medicaments ($9.4M). During the last 5 years the exports of Colombia to Bolivia have decreased at an annualized rate of 3.57%, from $191M in 2022 to $148M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Colombia
Top Destination
United States$15.6B

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

In 2022, countries that imported more from Bolivia than Colombia included Argentina ($1.76B), Japan ($963M), and United Arab Emirates ($514M).

In 2022, countries that imported more from Colombia than Bolivia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Bolivia - Colombia

Flow
Scale

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

During 2022, Bolivia had a large net trade with Colombia in the exports of Foodstuffs ($592M), Animal and Vegetable Bi-Products ($368M), and Animal Products ($34.6M).

During 2017, Colombia had a large net trade with Bolivia in the exports of Chemical Products ($44.9M), Plastics and Rubbers ($26.4M), and Foodstuffs ($15.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Colombia+$6.42MSoybeans
Top Product Potential Colombia Bolivia+$8.89MRefined Petroleum

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

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

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