Singapore (SGP) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Singapore-Bolivia Trade: In 2022, Singapore exported $226M to Bolivia. The main products that Singapore exported to Bolivia were Refined Petroleum ($217M), Coated Flat-Rolled Iron ($1.46M), and Ball Bearings ($1.22M). Over the past 5 years the exports of Singapore to Bolivia have increased at an annualized rate of 54.5%, from $25.7M in 2017 to $226M in 2022.

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

Bolivia-Singapore Trade: In 2022, Bolivia exported $630k to Singapore. The main products that Bolivia exported to Singapore were Buckwheat ($191k), Other Oily Seeds ($170k), and Coconuts, Brazil Nuts, and Cashews ($103k). Over the past 5 years the exports of Bolivia to Singapore have decreased at an annualized rate of 54.6%, from $32.6M in 2017 to $630k in 2022.

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

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, Singapore exported $226M to Bolivia. The main products exported from Singapore to Bolivia were Refined Petroleum ($217M), Coated Flat-Rolled Iron ($1.46M), and Ball Bearings ($1.22M). During the last 5 years the exports of Singapore to Bolivia have increased at an annualized rate of 54.5%, from $25.7M in 2017 to $226M in 2022.

In 2017, Bolivia exported $630k to Singapore. The main products exported from Bolivia to Singapore were Buckwheat ($191k), Other Oily Seeds ($170k), and Coconuts, Brazil Nuts, and Cashews ($103k). During the last 5 years the exports of Bolivia to Singapore have decreased at an annualized rate of 54.6%, from $32.6M in 2022 to $630k in 2017.

Exports from Singapore () to Bolivia () (2022)

Exports from Bolivia () to Singapore () (2022)

Latest Data

Trade between Singapore () and Bolivia ()

Singapore Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Singapore than Bolivia included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

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

Comparative Advantage Singapore - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Bolivia in the exports of Mineral Products ($217M), Machines ($3.18M), and Instruments ($2.09M).

During 2017, Bolivia had a large net trade with Singapore in the exports of Vegetable Products ($477k), Animal Hides ($74.4k), and Foodstuffs ($26.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Bolivia+$52.8MRefined Petroleum

Top Product Potential Bolivia Singapore+$232kCoconuts, Brazil Nuts, and Cashews

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

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Bolivia () (2022)

Exports from Bolivia () to Singapore () (2022)

Latest Data

Trade between Singapore () and Bolivia ()

Singapore Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Singapore - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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