Bolivia (Plurinational State of)-Colombia Bilateral Trade Analysis 2023
Complete trade statistics: $1.09B total volume •Bolivia (Plurinational State of) surplus: $821.48M
Bolivia (Plurinational State of) → Colombia
$954.81M
Exports (2023)
Colombia → Bolivia (Plurinational State of)
$133.33M
Imports (2023)
Trade Balance
$821.48M
Surplus for Bolivia (Plurinational State of)
Total Trade
$1.09B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bolivia (Plurinational State of) and Colombia. 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)-Colombia commercial relationship and competitive positioning in global markets.
Bolivia (Plurinational State of) → Colombia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bolivia (Plurinational State of)'s export portfolio to Colombia 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.
Colombia → Bolivia (Plurinational State of) Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bolivia (Plurinational State of)'s import pattern from Colombia reveals significant dependencyin sugar confectionery: (excluding chewing gum, including white chocolate), not containing cocoa, 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 Colombia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.09B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bolivia (Plurinational State of)-Colombia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.09 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Bolivia (Plurinational State of) maintains a surplus of $821.48 million
- 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, crude, whether or not degummed, not chemically modified, vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified
- Import Dependencies: Key imports from Colombia include sugar confectionery: (excluding chewing gum, including white chocolate), not containing cocoa, 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, sanitary towels (pads) and tampons, napkins and napkin liners for babies and similar articles, of any material
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 $1.09B 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
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 Colombia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in sugar confectionery: (excluding chewing gum, including white chocolate), not containing cocoa.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.09B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.09B 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 $1.09 billion bilateral trade volume represents a important trade relationshipfor both economies.
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 sugar confectionery: (excluding chewing gum, including white chocolate), not containing cocoa demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bolivia (Plurinational State of)'s trade surplus of $821.48 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 Bolivia (Plurinational State of) and Colombia represents a total trade volume of $1.09 billion in 2023. This partnership demonstrates a favorable trade balance for Bolivia (Plurinational State of), with exports exceeding importsby $821.48 million.
Export Strengths
Bolivia (Plurinational State of)'s exports to Colombia total $954.81 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 $548.63M or57.5% of bilateral exports.
Import Dependencies
Imports from Colombia amount to $133.33 million, highlighting economic interdependence in sugar confectionery: (excluding chewing gum, including white chocolate), not containing cocoa, with Sugar confectionery: (excluding chewing gum, including white chocolate), not containing cocoa comprising7.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Bolivia (Plurinational State of)'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 Bolivia (Plurinational State of) and Colombia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023