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

Complete trade statistics: $259.14M total volume •Ecuador deficit: $259.14M

Ecuador → Bolivia (Plurinational State of)

$0

Exports (2023)

Bolivia (Plurinational State of) → Ecuador

$259.14M

Imports (2023)

Trade Balance

$259.14M

Deficit for Ecuador

Total Trade

$259.14M

Combined Volume

Trade Flow Visualization

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

Detailed Product Trade Analysis

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

Ecuador → Bolivia (Plurinational State of) Exports

$0
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
Infinity% top product
1Gelatin (including gelatin in rectangular sheets, whether or not surface-worked or coloured) and gelatin derivatives: isinglass: other glues of animal origin, excluding casein glues of heading no. 3501
$4.34M
Infinity% of exports
2Iron or non-alloy steel: L sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm
$2.76M
Infinity% of exports
3Vegetable fats and oils and their fractions: partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared
$2.59M
Infinity% of exports
4Sanitary towels (pads) and tampons, napkins and napkin liners for babies and similar articles, of any material
$2.44M
Infinity% of exports
5Rubber: new pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)
$2.21M
Infinity% of exports

🎯 Strategic Export Focus

Ecuador's export portfolio to Bolivia (Plurinational State of) demonstrates strategic specialization, with gelatin (including gelatin in rectangular sheets, whether or not surface-worked or coloured) and gelatin derivatives: isinglass: other glues of animal origin, excluding casein glues of heading no. 3501 representing a key competitive advantage in this bilateral market.

Bolivia (Plurinational State of) → Ecuador Imports

$259.14M
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
53.4% concentration
1Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified
$138.31M
53.4% of imports
2Vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modified
$50.53M
19.5% of imports
3Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil
$32.74M
12.6% of imports
4Vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified
$7.31M
2.8% of imports
5Meat preparations: of bovine animals, meat or meat offal, prepared or preserved (excluding livers and homogenised preparations)
$5.59M
2.2% of imports

📦 Import Strategy Analysis

Ecuador's import pattern from Bolivia (Plurinational State of) reveals significant dependencyin vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Ecuador demonstrates competitive strength in exportinggelatin (including gelatin in rectangular sheets, whether or not surface-worked or coloured) and gelatin derivatives: isinglass: other glues of animal origin, excluding casein glues of heading no. 3501 to Bolivia (Plurinational State of), 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 $259.14M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

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

Key Trade Highlights 2023

  • Total Trade Volume: $259.14 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Ecuador maintains a deficit of $259.14 million
  • Export Focus: Ecuador's primary exports include gelatin (including gelatin in rectangular sheets, whether or not surface-worked or coloured) and gelatin derivatives: isinglass: other glues of animal origin, excluding casein glues of heading no. 3501, iron or non-alloy steel: l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm, vegetable fats and oils and their fractions: partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared
  • Import Dependencies: Key imports from Bolivia (Plurinational State of) include vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified, vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modified, oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil

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 $259.14M 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 Ecuador leveraging its comparative advantages in gelatin (including gelatin in rectangular sheets, whether or not surface-worked or coloured) and gelatin derivatives: isinglass: other glues of animal origin, excluding casein glues of heading no. 3501.

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

Ecuador's specialization in gelatin (including gelatin in rectangular sheets, whether or not surface-worked or coloured) and gelatin derivatives: isinglass: other glues of animal origin, excluding casein glues of heading no. 3501complements Bolivia (Plurinational State of)'s demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $259.14M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $259.14M 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 $259.14 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in gelatin (including gelatin in rectangular sheets, whether or not surface-worked or coloured) and gelatin derivatives: isinglass: other glues of animal origin, excluding casein glues of heading no. 3501 and vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Ecuador's trade deficit of $259.14 million 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 iron or non-alloy steel: l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm present expansion opportunities.
Market Diversification
Beyond current focus on vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified, 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 gelatin (including gelatin in rectangular sheets, whether or not surface-worked or coloured) and gelatin derivatives: isinglass: other glues of animal origin, excluding casein glues of heading no. 3501 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 Ecuador and Bolivia (Plurinational State of) represents a total trade volume of $259.14 million in 2023. This partnership demonstrates an unfavorable trade balance for Ecuador, with imports exceeding exportsby $259.14 million.

Export Strengths

Ecuador's exports to Bolivia (Plurinational State of) total $0.00, with competitive advantages in gelatin (including gelatin in rectangular sheets, whether or not surface-worked or coloured) and gelatin derivatives: isinglass: other glues of animal origin, excluding casein glues of heading no. 3501, representing $4.34M orInfinity% of bilateral exports.

Import Dependencies

Imports from Bolivia (Plurinational State of) amount to $259.14 million, highlighting economic interdependence in vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified, with Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified comprising53.4% of total imports.

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