2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH
-39.7%CURRENT US$
Rnk 183 / 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
$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH
-47.3%CURRENT US$
Rnk 183 / 186

About

Bolivia-Iran Trade: In 2016, Bolivia exported $105k to Iran. The main products that Bolivia exported to Iran were N/A. Over the past 8 years the exports of Bolivia to Iran have increased at an annualized rate of 115%, from $230 in 2008 to $105k in 2016.

In 2016, Bolivia did not export any services to Iran.

Iran-Bolivia Trade: In 2016, Iran exported $152k to Bolivia. The main products that Iran exported to Bolivia were Packaged Medicaments ($89.2k), Tufted Carpets ($51.6k), and Glues ($5.31k). Over the past 8 years the exports of Iran to Bolivia have decreased at an annualized rate of 21.1%,  from $495k in 2008 to $152k in 2016.

In 2016, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2016, Bolivia exported $105k to Iran. There were not main exports from Bolivia to Iran in 2016. During the last 8 years the exports of Bolivia to Iran have increased at an annualized rate of 115%, from $230 in 2008 to $105k in 2016.

In 2017, Iran exported $152k to Bolivia. The main products exported from Iran to Bolivia were Packaged Medicaments ($89.2k), Tufted Carpets ($51.6k), and Glues ($5.31k). During the last 5 years the exports of Iran to Bolivia have decreased at an annualized rate of 21.1%, from $495k in 2022 to $152k in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Iran
Top Destination
China$5.72B

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

In 2022, countries that imported more from Bolivia than Iran included Brazil ($1.89B), Argentina ($1.76B), and India ($2.27B).

In 2022, countries that imported more from Iran than Bolivia included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage Bolivia - Iran

Flow
Scale

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

During 2016, Bolivia had a large net trade with Iran in the exports of .

During 2017, Iran had a large net trade with Bolivia in the exports of Chemical Products ($94.5k), Textiles ($52k), and Instruments ($2.71k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Iran+$4.24kSoybeans
Top Product Potential Iran Bolivia+$94.7kPackaged Medicaments

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

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

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