Bolivia (Plurinational State of)

Bolivia (Plurinational State of)

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Bolivia (Plurinational State of)-Chile Bilateral Trade Analysis 2023

Complete trade statistics: $1.62B total volume •Bolivia (Plurinational State of) deficit: $1.24B

Bolivia (Plurinational State of) → Chile

$189.56M

Exports (2023)

Chile → Bolivia (Plurinational State of)

$1.43B

Imports (2023)

Trade Balance

$1.24B

Deficit for Bolivia (Plurinational State of)

Total Trade

$1.62B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Bolivia (Plurinational State of) and Chile. Green line shows exports from Bolivia (Plurinational State of), red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Bolivia (Plurinational State of)-Chile commercial relationship and competitive positioning in global markets.

Bolivia (Plurinational State of) → Chile Exports

$189.56M
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
32.1% top product
1Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil
$60.91M
32.1% of exports
2Vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified
$14.53M
7.7% of exports
3Sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter
$13.55M
7.1% of exports
4Undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher
$10.40M
5.5% of exports
5Fruit, palm hearts: prepared or preserved, whether or not containing added sugar, other sweetening matter or spirit
$8.82M
4.7% of exports

🎯 Strategic Export Focus

Bolivia (Plurinational State of)'s export portfolio to Chile demonstrates strategic specialization, with oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil representing a key competitive advantage in this bilateral market.

Chile → Bolivia (Plurinational State of) Imports

$1.43B
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
49.5% concentration
1Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
$706.82M
49.5% of imports
2Sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials
$34.42M
2.4% of imports
3Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 20 tonnes), n.e.c. in item no 8704.1
$34.30M
2.4% of imports
4Tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds
$18.69M
1.3% of imports
5Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
$16.71M
1.2% of imports

📦 Import Strategy Analysis

Bolivia (Plurinational State of)'s import pattern from Chile reveals significant dependencyin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Bolivia (Plurinational State of) demonstrates competitive strength in exportingoil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil to Chile, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $1.62B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Bolivia (Plurinational State of)-Chile Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $1.62 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Bolivia (Plurinational State of) maintains a deficit of $1.24 billion
  • Export Focus: Bolivia (Plurinational State of)'s primary exports include oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil, vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified, sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter
  • Import Dependencies: Key imports from Chile include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials, vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 20 tonnes), n.e.c. in item no 8704.1

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthImbalanced

📈 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 $1.62B 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 Bolivia (Plurinational State of) leveraging its comparative advantages in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil.

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

1

Comparative Advantage

Bolivia (Plurinational State of)'s specialization in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oilcomplements Chile's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $1.62B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $1.62B 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 $1.62 billion bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Bolivia (Plurinational State of)'s trade deficit of $1.24 billion impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified present expansion opportunities.
Market Diversification
Beyond current focus on petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil may affect future market positioning.

🎯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 Bolivia (Plurinational State of) and Chile represents a total trade volume of $1.62 billion in 2023. This partnership demonstrates an unfavorable trade balance for Bolivia (Plurinational State of), with imports exceeding exportsby $1.24 billion.

Export Strengths

Bolivia (Plurinational State of)'s exports to Chile total $189.56 million, with competitive advantages in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil, representing $60.91M or32.1% of bilateral exports.

Import Dependencies

Imports from Chile amount to $1.43 billion, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising49.5% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bolivia (Plurinational State of)'s strategic sourcing from Chile. 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 Bolivia (Plurinational State of) and Chile in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023