Bolivia and Germany enjoy good bilateral relations, with regular visits taking place.
There are interesting investment opportunities for German companies in Bolivia, especially in the following sectors: infrastructure (roads and railways), energy (conventional and renewable energy sources), healthcare, lithium extraction (including battery production) and the chemical industry. In 2020, bilateral trade between Germany and Bolivia was worth just under 258 million euro, with Bolivian exports to Germany totalling 154 million euro and Bolivian imports from Germany 104 million euro. Bolivia’s main exports to Germany are mineral resources (lead, tin and silver ores), agricultural produce (nuts, coffee, soya products, quinoa and millet) and leather and textile goods. Its main imports from Germany are machinery, household appliances, vehicles and vehicle parts, chemical and pharmaceutical products, electrical goods and measurement and control technology.
Development cooperation with Bolivia focuses on three priority areas: drinking water supply and sanitation, rural development and the environment, and energy, with a focus on renewable energies and energy efficiency. Decentralisation, environmental and climate protection, civil society, the mainstreaming of gender and indigenous issues, and vocational training are important cross‑cutting issues. Helping Bolivia implement the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda for Sustainable Development is the leitmotif of bilateral development cooperation.
Cultural relations between Germany and Bolivia date back to the first major wave of German traders and craftspeople who migrated to Bolivia in the mid‑19th century. The German Cultural Centre (Centro Cultural Alemán) is over a century old and the German schools in La Paz and Santa Cruz are 99 and 86 years old respectively. In 2019, the Goethe-Institut celebrated the 65th anniversary of its work in Bolivia. The German-Bolivian Chamber of Industry and Commerce was set up in 1955.