diff --git a/pkgs/development/python-modules/boto3/default.nix b/pkgs/development/python-modules/boto3/default.nix
index 3ecc2034d483..6d8cb85fa884 100644
--- a/pkgs/development/python-modules/boto3/default.nix
+++ b/pkgs/development/python-modules/boto3/default.nix
@@ -13,11 +13,11 @@
 
 buildPythonPackage rec {
   pname = "boto3";
-  version = "1.18.31"; # N.B: if you change this, change botocore and awscli to a matching version
+  version = "1.18.54"; # N.B: if you change this, change botocore and awscli to a matching version
 
   src = fetchPypi {
     inherit pname version;
-    sha256 = "sha256-WURdDh1VyMlnVpfqQcmKDYIImkvjB26mDjqHy+lNwUE=";
+    sha256 = "sha256-LYHcSEAgBZ/HOBZZhDBBB9TbHGd0tjENCMiSoXUfaYA=";
   };
 
   propagatedBuildInputs = [ botocore jmespath s3transfer ] ++ lib.optionals (!isPy3k) [ futures ];