2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 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
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Bolivia-Ecuador Trade: In 2022, Bolivia exported $414M to Ecuador. The main products that Bolivia exported to Ecuador were Soybean Oil ($290M), Seed Oils ($98.2M), and Other Prepared Meat ($4.61M). Over the past 5 years the exports of Bolivia to Ecuador have increased at an annualized rate of 28.2%, from $119M in 2017 to $414M in 2022.

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

Ecuador-Bolivia Trade: In 2022, Ecuador exported $41.9M to Bolivia. The main products that Ecuador exported to Bolivia were Toilet Paper ($4.49M), Rubber Tires ($4.06M), and Gelatin ($2.92M). Over the past 5 years the exports of Ecuador to Bolivia have decreased at an annualized rate of 0.31%,  from $43.1M in 2017 to $41.9M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $414M to Ecuador. The main products exported from Bolivia to Ecuador were Soybean Oil ($290M), Seed Oils ($98.2M), and Other Prepared Meat ($4.61M). During the last 5 years the exports of Bolivia to Ecuador have increased at an annualized rate of 28.2%, from $119M in 2017 to $414M in 2022.

In 2017, Ecuador exported $41.9M to Bolivia. The main products exported from Ecuador to Bolivia were Toilet Paper ($4.49M), Rubber Tires ($4.06M), and Gelatin ($2.92M). During the last 5 years the exports of Ecuador to Bolivia have decreased at an annualized rate of 0.31%, from $43.1M in 2022 to $41.9M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Ecuador
Top Destination
United States$9.86B

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

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

In 2022, countries that imported more from Ecuador than Bolivia included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

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

Comparative Advantage Bolivia - Ecuador

Flow
Scale

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

During 2022, Bolivia had a large net trade with Ecuador in the exports of Animal and Vegetable Bi-Products ($388M), Foodstuffs ($8.72M), and Chemical Products ($6.46M).

During 2017, Ecuador had a large net trade with Bolivia in the exports of Metals ($7.83M), Chemical Products ($7.4M), and Plastics and Rubbers ($4.81M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Ecuador+$4.65MSoybean Meal
Top Product Potential Ecuador Bolivia+$979kRefined 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 Ecuador. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Bolivia.

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

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