2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
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GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$243BCURRENT US$
Rnk 51 / 186
2012-2022
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 106 / 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
$7,126CURRENT US$
Rnk 89 / 186
2012-2022
Flag
GDP PC GROWTH
10%CURRENT US$
Rnk 116 / 186

About

Bolivia-Peru Trade: In 2022, Bolivia exported $885M to Peru. The main products that Bolivia exported to Peru were Soybean Meal ($307M), Soybean Oil ($180M), and Soybeans ($53.3M). Over the past 5 years the exports of Bolivia to Peru have increased at an annualized rate of 20.2%, from $352M in 2017 to $885M in 2022.

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

Peru-Bolivia Trade: In 2022, Peru exported $813M to Bolivia. The main products that Peru exported to Bolivia were Refined Petroleum ($168M), Raw Iron Bars ($95.3M), and Raw Plastic Sheeting ($36M). Over the past 5 years the exports of Peru to Bolivia have increased at an annualized rate of 2.84%,  from $632M in 2017 to $813M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $885M to Peru. The main products exported from Bolivia to Peru were Soybean Meal ($307M), Soybean Oil ($180M), and Soybeans ($53.3M). During the last 5 years the exports of Bolivia to Peru have increased at an annualized rate of 20.2%, from $352M in 2017 to $885M in 2022.

In 2017, Peru exported $813M to Bolivia. The main products exported from Peru to Bolivia were Refined Petroleum ($168M), Raw Iron Bars ($95.3M), and Raw Plastic Sheeting ($36M). During the last 5 years the exports of Peru to Bolivia have increased at an annualized rate of 2.84%, from $632M in 2022 to $813M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Peru
Top Destination
China$17.6B

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

In 2022, countries that imported more from Bolivia than Peru included Argentina ($1.76B), Brazil ($1.89B), and Australia ($194M).

In 2022, countries that imported more from Peru than Bolivia included China ($17.6B), United States ($8.69B), and Canada ($2.69B).

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

Comparative Advantage Bolivia - Peru

Flow
Scale

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

During 2022, Bolivia had a large net trade with Peru in the exports of Foodstuffs ($372M), Animal and Vegetable Bi-Products ($193M), and Vegetable Products ($127M).

During 2017, Peru had a large net trade with Bolivia in the exports of Mineral Products ($178M), Metals ($177M), and Chemical Products ($156M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Peru+$22.7MPetroleum Gas
Top Product Potential Peru Bolivia+$23.2MRefined 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 Peru. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Bolivia.

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

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