Flag Bolivia / Chile Flag

Exports FlagFlag  (2018): $123M, Rnk 18 / 122

Top Product FlagFlag (2018): $28.6M, Soybean Meal

Exports FlagFlag (2018): $1.13B, Rnk 13 / 180

Top Product FlagFlag (2018): $119M, Buses

Economic Complexity of Flag (2018): ECI -0.89, Rnk 108 / 137

Economic Complexity of Flag (2018): ECI -0.12, Rnk 74 / 137

Bolivia-Chile: In 2018, Bolivia exported $123M to Chile. The main products exported from Bolivia to Chile were Soybean Meal ($28.6M), Precious Metal Ore ($24.4M), and Soybean Oil ($14.6M). During the last 23 years the exports of Bolivia to Chile have increased at an annualized rate of 6.43%, from $29.4M in 1995 to $123M in 2018.

Chile-Bolivia: In 2018, Chile exported $1.13B to Bolivia. The main products exported from Chile to Bolivia were Buses ($119M), Delivery Trucks ($108M), and Refined Petroleum ($91.3M). During the last 23 years the exports of Chile to Bolivia have increased at an annualized rate of 8.83%, from $161M in 1995 to $1.13B in 2018. In 2009, Chile exported services to Bolivia worth $67.1M, with Travel ($37.2M) and Transportation ($29.9M) being the largest in terms of value.

Comparison: In 2018, Bolivia ranked 108 in the Economic Complexity Index (ECI -0.89), and 90 in total exports ($9.42B). That same year, Chile ranked 74 in the Economic Complexity Index (ECI -0.12), and 43 in total exports ($76.7B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Bolivia exported $123M to Chile. The main products exported from Bolivia to Chile were Soybean Meal ($28.6M), Precious Metal Ore ($24.4M), and Soybean Oil ($14.6M). During the last 23 years the exports of Bolivia to Chile have increased at an annualized rate of 6.43%, from $29.4M in 1995 to $123M in 2018.

In 2018, Chile exported $1.13B to Bolivia. The main products exported from Chile to Bolivia were Buses ($119M), Delivery Trucks ($108M), and Refined Petroleum ($91.3M). During the last 23 years the exports of Chile to Bolivia have increased at an annualized rate of 8.83%, from $161M in 1995 to $1.13B in 2018.

Market Competitiveness

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Measure

Bolivia
Top Destination
: Brazil, $1.72B

Chile
Top Destination
: China, $25.3B

This map shows whether countries import more from Bolivia or Chile. Each country is colored based on the difference in imports they receive from Bolivia and Chile or the difference in the growth in imports.

In 2018, countries that imported more from Bolivia than Chile were Argentina ($1.45B), United Arab Emirates ($362M), and Saint Lucia ($35.2M).

In 2018, countries that imported more from Chile than Bolivia were China ($25.3B), United States ($10.6B), and Japan ($7.06B).

Comparative Advantage Bolivia - Chile

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Depth

This chart compares trade between Bolivia and Chile by product, considering products traded by both, Bolivia and Chile.

During 2018, Bolivia had a large net trade with Chile in the exports of Foodstuffs ($49.1M), Mineral Products ($30.2M), and Animal and Vegetable Bi-Products ($16.5M).

During 2018, Chile had a large net trade with Bolivia in the exports of Transportation ($366M), Machines ($151M), and Textiles ($107M).

Tariff Section

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This sections shows import tariffs for products traded between Bolivia and Chile (using the HS6 product classification and the last year reported).

In 2018, the products from Bolivia that paid the highest import tariffs to enter Chile were Beer made from malt (40%) and Grape wines, sparkling (40%).

In 2018, the products from Chile that paid the highest import tariffs to enter Bolivia were Wheat or meslin flour (6%) and Soya-bean oil crude, whether or not degummed (6%).

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*The tariffs present between Bolivia and Chile are:
23: AAP.AG N° 02 - Acuerdo de Alcance Parcial para la Liberación y Expansión del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
30: AAP.CE N° 22 Acuerdo de Complementación Económica N° 22
82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)
83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Bolivia and Chile. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Bilateral Service Trade

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In 2009, Chile exported services to Bolivia worth $67.1M, with Travel ($37.2M) and Transportation ($29.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Bolivia has comparative advantage over Chile. Similarly, the more red a dot/product is, the more Chile has comparative advantage over Bolivia.