Flag Chile / Bolivia Flag

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

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

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

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

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

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

GDP Flag (2018): $298B, CURRENT US$
Rnk 40 / 196

GDP GROWTH Flag (2008-2018): 66%, CURRENT US$
Rnk 60 / 196

GDP Flag (2018): $40.3B, CURRENT US$
Rnk 95 / 196

GDP GROWTH Flag (2008-2018): 142%, CURRENT US$
Rnk 12 / 196

GDP PC Flag (2018): $15,923, CURRENT US$
Rnk 59 / 196

GDP PC GROWTH Flag (2008-2018): 48.1%, CURRENT US$
Rnk 48 / 196

GDP PC Flag (2018): $3,549, CURRENT US$
Rnk 129 / 196

GDP PC GROWTH Flag (2008-2018): 107%, CURRENT US$
Rnk 13 / 196

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.

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.

Comparison: In 2018, Chile ranked 74 in the Economic Complexity Index (ECI -0.12), and 43 in total exports ($76.7B). That same year, Bolivia ranked 108 in the Economic Complexity Index (ECI -0.89), and 90 in total exports ($9.42B). In terms of GDP Per Capita, Chile was ranked 59 with a GDP Per Capita of $15,923, and Bolivia was ranked 129 with a GDP Per Capita of $3,549.

Bilateral Trade by Products

#permalink to section
Depth
Value

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 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.

Market Competitiveness

#permalink to section
Measure

Chile
Top Destination
: China, $25.3B

Bolivia
Top Destination
: Brazil, $1.72B

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

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

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

Comparative Advantage Chile - Bolivia

#permalink to section
Depth

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

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

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).

Tariff Section

#permalink to section

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

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%).

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%).

Explore Tariff Data

*The tariffs present between Chile and Bolivia 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
79: AR.AM N° 01 - Acuerdo Regional de Apertura de Mercados en Favor de Bolivia
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

#permalink to section

This section shows a forecast for total trade between Chile and Bolivia. 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.

Explore Forecasts

Bilateral Service Trade

#permalink to section

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

#permalink to section

Competitive Landscape

#permalink to section

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 Chile has comparative advantage over Bolivia. Similarly, the more red a dot/product is, the more Bolivia has comparative advantage over Chile.