Chile-Bolivia (Plurinational State of) Bilateral Trade Analysis 2023
Complete trade statistics: $1.62B total volume •Chile surplus: $1.24B
Chile → Bolivia (Plurinational State of)
$1.43B
Exports (2023)
Bolivia (Plurinational State of) → Chile
$189.56M
Imports (2023)
Trade Balance
$1.24B
Surplus for Chile
Total Trade
$1.62B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Chile and Bolivia (Plurinational State of). Green line shows exports from Chile, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Chile-Bolivia (Plurinational State of) commercial relationship and competitive positioning in global markets.
Chile → Bolivia (Plurinational State of) Exports
Export Market Intelligence
🎯 Strategic Export Focus
Chile's export portfolio to Bolivia (Plurinational State of) demonstrates strategic specialization, 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 representing a key competitive advantage in this bilateral market.
Bolivia (Plurinational State of) → Chile Imports
Import Dependency Profile
📦 Import Strategy Analysis
Chile's import pattern from Bolivia (Plurinational State of) reveals significant dependencyin oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Chile demonstrates competitive strength in exportingpetroleum 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 to Bolivia (Plurinational State of), leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.62B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Chile-Bolivia (Plurinational State of) Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.62 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Chile maintains a surplus of $1.24 billion
- Export Focus: Chile's primary exports 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
- Import Dependencies: Key imports from Bolivia (Plurinational State of) 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
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 $1.62B 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 Chile leveraging its comparative advantages 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.
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
Chile's specialization 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 oilscomplements 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 oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil.
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 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.
Industrial Integration
Trade flows 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 and oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Chile's trade surplus of $1.24 billion 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 Chile and Bolivia (Plurinational State of) represents a total trade volume of $1.62 billion in 2023. This partnership demonstrates a favorable trade balance for Chile, with exports exceeding importsby $1.24 billion.
Export Strengths
Chile's exports to Bolivia (Plurinational State of) total $1.43 billion, with competitive advantages 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, representing $706.82M or49.5% of bilateral exports.
Import Dependencies
Imports from Bolivia (Plurinational State of) amount to $189.56 million, highlighting economic interdependence 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, 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 comprising32.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Chile'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 Chile 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