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Pricing

2022
Flag → Flag
Exports $76.3MRnk 91 / 138
2022
Flag → Flag
Top Product $29MRefined Petroleum
2022
Flag → Flag
Exports $39.8MRnk 24 / 146
2022
Flag → Flag
Top Product $34.1MCarbonates
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
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GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
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GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Russia-Bolivia Trade: In 2022, Russia exported $76.3M to Bolivia. The main products that Russia exported to Bolivia were Refined Petroleum ($29M), Asphalt Mixtures ($23.1M), and Mixed Mineral or Chemical Fertilizers ($8.73M). Over the past 5 years the exports of Russia to Bolivia have increased at an annualized rate of 28.3%, from $21.9M in 2017 to $76.3M in 2022.

In 2020, Russia exported services to Bolivia worth $2.05M, with Construction services ($1.67M), Transportation ($208k), and Computer and information services ($96k) being the largest in terms of value.

Bolivia-Russia Trade: In 2022, Bolivia exported $39.8M to Russia. The main products that Bolivia exported to Russia were Carbonates ($34.1M), Frozen Bovine Meat ($2.52M), and Edible Offal ($2.13M). Over the past 5 years the exports of Bolivia to Russia have increased at an annualized rate of 15.8%,  from $10.6M in 2017 to $39.8M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $349k and imported $895k from Bolivia, resulting in a negative trade balance of $546k. Between January 2021 and January 2022 the exports of Russia have decreased by $-4.04M (-92%) from $4.39M to $349k, while imports increased by $814k (999%) from $81.5k to $895k.

Trade In January 2022, the top exports of Russia to Bolivia were Brochures ($2.34M), Architectural Plans ($778k), Electrical Control Boards ($603k), Potassic Fertilizers ($357k), and Vaccines, blood, antisera, toxins and cultures ($199k). In January 2022 the top imports of Russia from Bolivia were Coconuts, Brazil Nuts, and Cashews ($79.5k) and Sowing Seeds ($1.93k).

Origins In January 2022 the exports of Russia were mainly from ST. PETERSBURG ($184k), REPUBLIC OF TATARSTAN ($78.6k), LENINGRAD REGION ($47.3k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($32.5k), and SAMARA REGION ($4.9k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($611k), SVERDLOVSK REGION ($223k), and ST. PETERSBURG ($61.2k).

Growth In January 2022, the decrease in Russia's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Packaged Medicaments ($-68.1k or -100%) and Hydrometers ($-354 or -98.3%). In January 2022, the increase in Russia's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Coconuts, Brazil Nuts, and Cashews ($76.4k or 2.44k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-4.04M(-92%)
IMPORT GROWTH (January 2021 - January 2022)$814k(999%)
MAIN EXPORTER (January 2022)ST. PETERSBURG$184k

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Bolivia and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bolivia and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $76.3M to Bolivia. The main products exported from Russia to Bolivia were Refined Petroleum ($29M), Asphalt Mixtures ($23.1M), and Mixed Mineral or Chemical Fertilizers ($8.73M). During the last 5 years the exports of Russia to Bolivia have increased at an annualized rate of 28.3%, from $21.9M in 2017 to $76.3M in 2022.

In 2017, Bolivia exported $39.8M to Russia. The main products exported from Bolivia to Russia were Carbonates ($34.1M), Frozen Bovine Meat ($2.52M), and Edible Offal ($2.13M). During the last 5 years the exports of Bolivia to Russia have increased at an annualized rate of 15.8%, from $10.6M in 2022 to $39.8M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Russia than Bolivia included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Bolivia than Russia included Argentina ($1.76B), Colombia ($1.06B), and Peru ($885M).

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

Comparative Advantage Russia - Bolivia

Flow
Scale

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

During 2022, Russia had a large net trade with Bolivia in the exports of Mineral Products ($52.8M), Chemical Products ($14.3M), and Transportation ($4.26M).

During 2017, Bolivia had a large net trade with Russia in the exports of Chemical Products ($34.7M), Animal Products ($4.64M), and Metals ($309k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Bolivia+$33.5MRefined Petroleum
Top Product Potential Bolivia Russia+$2.36MFrozen Bovine Meat

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

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

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