Mexico-Bolivia (Plurinational State of) Bilateral Trade Analysis 2023
Complete trade statistics: $241.08M total volume •Mexico surplus: $241.08M
Mexico → Bolivia (Plurinational State of)
$241.08M
Exports (2023)
Bolivia (Plurinational State of) → Mexico
$0
Imports (2023)
Trade Balance
$241.08M
Surplus for Mexico
Total Trade
$241.08M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Mexico and Bolivia (Plurinational State of). Green line shows exports from Mexico, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Mexico-Bolivia (Plurinational State of) commercial relationship and competitive positioning in global markets.
Mexico → Bolivia (Plurinational State of) Exports
Export Market Intelligence
🎯 Strategic Export Focus
Mexico's export portfolio to Bolivia (Plurinational State of) demonstrates strategic specialization, with vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1 representing a key competitive advantage in this bilateral market.
Bolivia (Plurinational State of) → Mexico Imports
Import Dependency Profile
📦 Import Strategy Analysis
Mexico's import pattern from Bolivia (Plurinational State of) reveals significant dependencyin hat-forms, hat bodies and hoods of felt, neither blocked to shape nor with made brims: plateaux and manchons (including slit manchons) of felt, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Mexico demonstrates competitive strength in exportingvehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1 to Bolivia (Plurinational State of), leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $241.08M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Mexico-Bolivia (Plurinational State of) Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $241.08 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Mexico maintains a surplus of $241.08 million
- Export Focus: Mexico's primary exports include vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen
- Import Dependencies: Key imports from Bolivia (Plurinational State of) include hat-forms, hat bodies and hoods of felt, neither blocked to shape nor with made brims: plateaux and manchons (including slit manchons) of felt, oil seeds and oleaginous fruits: n.e.c. in heading no. 1207, whether or not broken, tin: unwrought, not alloyed
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $241.08M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Mexico leveraging its comparative advantages in vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Mexico's specialization in vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1complements Bolivia (Plurinational State of)'s demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in hat-forms, hat bodies and hoods of felt, neither blocked to shape nor with made brims: plateaux and manchons (including slit manchons) of felt.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $241.08M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $241.08M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $241.08 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1 and hat-forms, hat bodies and hoods of felt, neither blocked to shape nor with made brims: plateaux and manchons (including slit manchons) of felt demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Mexico's trade surplus of $241.08 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Mexico and Bolivia (Plurinational State of) represents a total trade volume of $241.08 million in 2023. This partnership demonstrates a favorable trade balance for Mexico, with exports exceeding importsby $241.08 million.
Export Strengths
Mexico's exports to Bolivia (Plurinational State of) total $241.08 million, with competitive advantages in vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), n.e.c. in item no 8704.1, representing $30.23M or12.5% of bilateral exports.
Import Dependencies
Imports from Bolivia (Plurinational State of) amount to $0.00, highlighting economic interdependence in hat-forms, hat bodies and hoods of felt, neither blocked to shape nor with made brims: plateaux and manchons (including slit manchons) of felt, with Hat-forms, hat bodies and hoods of felt, neither blocked to shape nor with made brims: plateaux and manchons (including slit manchons) of felt comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Mexico's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Mexico and Bolivia (Plurinational State of) in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023