Romania (ROU) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Romania-Bolivia Trade: In 2022, Romania exported $7.51M to Bolivia. The main products that Romania exported to Bolivia were Packaged Medicaments ($3.27M), Non-Knit Women's Undergarments ($599k), and Rubber Tires ($454k). Over the past 5 years the exports of Romania to Bolivia have increased at an annualized rate of 4.66%, from $5.98M in 2017 to $7.51M in 2022.

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

Bolivia-Romania Trade: In 2022, Bolivia exported $11.5M to Romania. The main products that Bolivia exported to Romania were Iron Ore ($11.3M), Prepared Wool or Animal Hair ($228k), and Interchangeable Tool Parts ($8.05k). Over the past 5 years the exports of Bolivia to Romania have increased at an annualized rate of 60%, from $105k in 2017 to $11.5M in 2022.

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

Comparison: In 2022, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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, Romania exported $7.51M to Bolivia. The main products exported from Romania to Bolivia were Packaged Medicaments ($3.27M), Non-Knit Women's Undergarments ($599k), and Rubber Tires ($454k). During the last 5 years the exports of Romania to Bolivia have increased at an annualized rate of 4.66%, from $5.98M in 2017 to $7.51M in 2022.

In 2017, Bolivia exported $11.5M to Romania. The main products exported from Bolivia to Romania were Iron Ore ($11.3M), Prepared Wool or Animal Hair ($228k), and Interchangeable Tool Parts ($8.05k). During the last 5 years the exports of Bolivia to Romania have increased at an annualized rate of 60%, from $105k in 2022 to $11.5M in 2017.

Exports from Romania () to Bolivia () (2022)

Exports from Bolivia () to Romania () (2022)

Latest Data

Trade between Romania () and Bolivia ()

Romania Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Romania than Bolivia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

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

Comparative Advantage Romania - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Bolivia in the exports of Chemical Products ($3.64M), Machines ($1.54M), and Plastics and Rubbers ($756k).

During 2017, Bolivia had a large net trade with Romania in the exports of Mineral Products ($11.3M), Textiles ($228k), and Metals ($8.05k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Bolivia+$1.07MPackaged Medicaments

Top Product Potential Bolivia Romania+$88.4kPrepared Wool or Animal Hair

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Bolivia () (2022)

Exports from Bolivia () to Romania () (2022)

Latest Data

Trade between Romania () and Bolivia ()

Romania Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Romania - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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