Colombia (COL) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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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 4.96%, from $191M in 2017 to $148M in 2022.

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

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 4.96%, from $191M in 2017 to $148M in 2022.

In 2017, 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 2022 to $1.06B in 2017.

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

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

Latest Data

Trade between Colombia () and Bolivia ()

Colombia Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$15.6B

Bolivia
Top DestinationIndia$2.27B

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

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

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

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

Comparative Advantage Colombia - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, 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).

During 2017, 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).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Bolivia+$8.89MRefined Petroleum

Top Product Potential Bolivia Colombia+$6.42MSoybeans

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

Year

This visualization shows the product space at the HS4 level with the flags of Colombia and Bolivia. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Colombia.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Colombia () and Bolivia ()

Colombia Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Colombia - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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