Bolivia (BOL) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Bolivia-South Korea In 2022, Bolivia exported $539M to South Korea. The main products that Bolivia exported to South Korea are Zinc Ore ($219M), Precious Metal Ore ($213M), and Lead Ore ($103M). During the last 27 years the exports of Bolivia to South Korea have increased at an annualized rate of 16.9%, from $7.92M in 1995 to $539M in 2022.

In 2022, Bolivia did not export any services to South Korea.

South Korea-Bolivia In 2022, South Korea exported $66.1M to Bolivia. The main products that South Korea exported to Bolivia were Cars ($19.9M), Large Construction Vehicles ($4.61M), and Rolled Tobacco ($3.81M). During the last 27 years the exports of South Korea to Bolivia have increased at an annualized rate of 3.94%, from $23.3M in 1995 to $66.1M in 2022.

In 2022, South Korea did not export any services to Bolivia.

Comparison In 2022, Bolivia ranked 98 in the Economic Complexity Index (ECI -0.9), and 93 in total exports ($13.8B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Latest Trends

December, 2021

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Overview In December 2021, Bolivia exported $60M and imported $5.57M from South Korea, resulting in a positive trade balance of $54.5M. Between December 2020 and December 2021 the exports of Bolivia have increased by $25.2M (72.2%) from $34.9M to $60M, while imports increased by $1.3M (30.4%) from $4.27M to $5.57M.

Trade In December 2021, the top exports of Bolivia to South Korea were Precious metal ores and concentrates ($32.7M), Lead ores and concentrates ($13.3M), Zinc ores and concentrates ($5.71M), Other non-ferrous base metal waste and... ($112k), and Waste and scrap of alloy steel ($4.53k). In December 2021 the top imports of Bolivia from South Korea were Pharmaceutical goods, other than medicaments ($6.44M), Organic chemical products, n.e.s. ($1.05M), Synthetic organic colouring matter and preparations... ($316k), Polyethylene ($288k), and Polyacetals and other polyethers ($252k).

Origins In December 2021 the exports of Bolivia were mainly from Potosí ($53.4M), La Paz ($3.53M), Cochabamba ($1.86M), Santa Cruz ($605k), and Oruro ($440k), while imports destinations were mainly Santa Cruz ($1.98M), La Paz ($1.73M), Oruro ($1.29M), Cochabamba ($497k), and Chuquisaca ($60.5k).

Growth In December 2021, the increase in Bolivia's year-by-year exports to South Korea was explained primarily by an increase in product exports in Precious metal ores and concentrates ($16.6M or 103%) and Lead ores and concentrates ($1.99M or 17.5%). In December 2021, the increase in Bolivia's year-by-year imports from South Korea was explained primarily by an increase in product imports in Pharmaceutical goods, other than medicaments ($6.44M or 950k%), Organic chemical products, n.e.s. ($1.01M or 3.09k%), and Synthetic organic colouring matter and preparations... ($256k or 422%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2020 - December 2021)$25.2M(72.2%)

IMPORT GROWTH (December 2020 - December 2021)$1.3M(30.4%)

MAIN EXPORTER (December 2021)Potosí$53.4M

This section shows exports and imports data at subnational level for Bolivia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Bolivia over time.

To check South Korea and Bolivia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bolivia exported $539M to South Korea. The main products exported from Bolivia to South Korea were Zinc Ore ($219M), Precious Metal Ore ($213M), and Lead Ore ($103M). During the last 27 years the exports of Bolivia to South Korea have increased at an annualized rate of 16.9%, from $7.92M in 1995 to $539M in 2022.

In 2022, South Korea exported $66.1M to Bolivia. The main products exported from South Korea to Bolivia were Cars ($19.9M), Large Construction Vehicles ($4.61M), and Rolled Tobacco ($3.81M). During the last 27 years the exports of South Korea to Bolivia have increased at an annualized rate of 3.94%, from $23.3M in 1995 to $66.1M in 2022.

Exports from Bolivia () to South Korea () (2022)

Exports from South Korea () to Bolivia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bolivia
Top DestinationIndia$2.27B

South Korea
Top DestinationChina$150B

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

In 2021, countries that imported more from Bolivia than South Korea were Argentina ($1.76B) and Colombia ($1.06B).

In 2021, countries that imported more from South Korea than Bolivia were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Bolivia () (2022)

Comparative Advantage Bolivia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bolivia had a large net trade with South Korea in the exports of Mineral Products ($536M), Metals ($1.76M), and Vegetable Products ($641k).

During 2022, South Korea had a large net trade with Bolivia in the exports of Transportation ($21.5M), Machines ($12.5M), and Plastics and Rubbers ($9.38M).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Bolivia () to South Korea () (2022)

Exports from South Korea () to Bolivia () (2022)

Market Competitiveness

Difference in imports from South Korea () and Bolivia () (2022)

Comparative Advantage Bolivia - South Korea

Economic Complexity

Competitive Landscape

Product Space of Bolivia () and South Korea () (2022)

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