Trade Trend

In 2023, Bolivia's total export value is 10.91Billion USD, total import value is 11.50Billion USD, Deficit is -584.71Million USD, and foreign trade dependency is 0.489. In 2023，Bolivia's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(2.48Billion USD), Petroleum gases and other gaseous hydrocarbons(2.07Billion USD), Zinc ores and concentrates(1.33Billion USD), top export destinations are Brazil(1.57Billion USD), India(1.32Billion USD), China(1.17Billion USD). In 2023, Bolivia's top import products are 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(2.93Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(531.40Million USD), Insecticides, rodenticides, fungicides, herbicides, antisprouting products, plant growth regulators, disinfectants and the like, put up in forms or packings for retail sale or as preparations or articles(303.03Million USD), top import origins are China(2.42Billion USD), Brazil(1.91Billion USD), Argentina(1.08Billion USD).

Comparing to 2022, Bolivia's total export value decreased -2.74Billion USD(-20.08%) in 2023, this could result from its export decreases of products such as Petroleum gases and other gaseous hydrocarbons(-975.02Million USD or -31.98%), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(-520.78Million USD or -17.34%), Zinc ores and concentrates(-491.84Million USD or -27.05%) and export decreases to countries/economics such as India(-941.19Million USD or -41.67%), Argentina(-750.77Million USD or -42.96%), Brazil(-320.28Million USD or -16.91%). Comparing to 2022, Bolivia's total import value decreased -1.55Billion USD(-11.91%) in 2023, this could result from its import decreases of products such as 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(-1.42Billion USD or -32.69%), Iron or nonalloy steel; bars and rods, not further worked than forged, hotrolled, hot drawn or hotextruded, but including those twisted after rolling(-79.52Million USD or -34.60%), Insecticides, rodenticides, fungicides, herbicides, antisprouting products, plant growth regulators, disinfectants and the like, put up in forms or packings for retail sale or as preparations or articles(-65.51Million USD or -17.78%), and its import decreases from countries/economies such as Argentina(-549.00Million USD or -33.70%), Chile(-408.84Million USD or -28.72%), Peru(-320.66Million USD or -30.33%).

Cumulated to first 7 months of 2024, Bolivia's total export value is 3.28Billion USD, total import value is 3.46Billion USD, and tradedeficit is -182.93Million USD. Cumulated to first 7 months of 2024, Bolivia's top export products are Petroleum gases and other gaseous hydrocarbons(781.65Million USD), Zinc ores and concentrates(493.96Million USD), Precious metal ores and concentrates(376.83Million USD), and top export destinations are Brazil(661.13Million USD), China(468.59Million USD), Argentina(289.84Million USD). Cumulated to first 7 months of 2024, Bolivia's top import products are Petroleum gases and other gaseous hydrocarbons(781.65Million USD), Zinc ores and concentrates(493.96Million USD), Precious metal ores and concentrates(376.83Million USD), and top import origins areChina(783.46Million USD), Brazil(571.63Million USD), Argentina(414.56Million USD).