2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 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
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186

About

Bolivia-Georgia Trade: In 2022, Bolivia exported $343k to Georgia. The main products that Bolivia exported to Georgia were Coconuts, Brazil Nuts, and Cashews ($329k) and Cars ($14.6k). Over the past 15 years the exports of Bolivia to Georgia have increased at an annualized rate of 34.9%, from $3.83k in 2007 to $343k in 2022.

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

Georgia-Bolivia Trade: In 2022, Georgia exported $35.2k to Bolivia. The main products that Georgia exported to Bolivia were Kaolin ($20.4k), Float Glass ($8.24k), and Valves ($4.58k). Over the past 15 years the exports of Georgia to Bolivia have increased at an annualized rate of 4.2%,  from $19k in 2007 to $35.2k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $343k to Georgia. The main products exported from Bolivia to Georgia were Coconuts, Brazil Nuts, and Cashews ($329k) and Cars ($14.6k). During the last 15 years the exports of Bolivia to Georgia have increased at an annualized rate of 34.9%, from $3.83k in 2007 to $343k in 2022.

In 2017, Georgia exported $35.2k to Bolivia. The main products exported from Georgia to Bolivia were Kaolin ($20.4k), Float Glass ($8.24k), and Valves ($4.58k). During the last 5 years the exports of Georgia to Bolivia have increased at an annualized rate of 4.2%, from $19k in 2022 to $35.2k in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Georgia
Top Destination
China$759M

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

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

In 2022, countries that imported more from Georgia than Bolivia included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

Comparative Advantage Bolivia - Georgia

Flow
Scale

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

During 2022, Bolivia had a large net trade with Georgia in the exports of Vegetable Products ($329k) and Transportation ($14.6k).

During 2017, Georgia had a large net trade with Bolivia in the exports of Mineral Products ($20.4k), Stone And Glass ($8.5k), and Machines ($5.14k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Georgia+$4.11kPetroleum Gas
Top Product Potential Georgia Bolivia+$6.5kValves

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

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

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