2022
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GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$43.1BCURRENT US$
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2012-2022
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GDP GROWTH
59%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$3,523CURRENT US$
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2012-2022
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GDP PC GROWTH
37.5%CURRENT US$
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About

South Korea-Bolivia In 2022, South Korea exported $66.1M to Bolivia. The main products that South Korea exported to Bolivia are 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.

Bolivia-South Korea In 2022, Bolivia exported $539M to South Korea. The main products that Bolivia exported 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, Bolivia did not export any services to South Korea.

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

Historical Data

Bilateral Trade by Products

Depth
Value

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.

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.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Bolivia
Top Destination
India$2.27B

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

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

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

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

Comparative Advantage South Korea - Bolivia

Flow
Scale

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

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).

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).

Economic Complexity

Competitive Landscape

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 South Korea has comparative advantage over Bolivia. Similarly, the more yellow a dot/product is, the more Bolivia has comparative advantage over South Korea.

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

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