Flag South Korea / Bolivia Flag

Exports FlagFlag  (2018): $75.1M, Rnk 122 / 210

Top Product FlagFlag (2018): $13.6M, Cars

Exports FlagFlag (2018): $579M, Rnk 5 / 122

Top Product FlagFlag (2018): $310M, Zinc Ore

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

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

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 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): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

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

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

South Korea-Bolivia: In 2018, South Korea exported $75.1M to Bolivia. The main products exported from South Korea to Bolivia were Cars ($13.6M), Rolled Tobacco ($12M), and Ethylene Polymers ($4.86M). During the last 23 years the exports of South Korea to Bolivia have increased at an annualized rate of 5.72%, from $20.9M in 1995 to $75.1M in 2018.

Bolivia-South Korea: In 2018, Bolivia exported $579M to South Korea. The main products exported from Bolivia to South Korea were Zinc Ore ($310M), Precious Metal Ore ($137M), and Lead Ore ($101M). During the last 23 years the exports of Bolivia to South Korea have increased at an annualized rate of 20.5%, from $7.99M in 1995 to $579M in 2018.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). 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, South Korea was ranked 34 with a GDP Per Capita of $31,363, and Bolivia was ranked 129 with a GDP Per Capita of $3,549.

Bilateral Trade by Products

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Depth
Value

In 2018, South Korea exported $75.1M to Bolivia. The main products exported from South Korea to Bolivia were Cars ($13.6M), Rolled Tobacco ($12M), and Ethylene Polymers ($4.86M). During the last 23 years the exports of South Korea to Bolivia have increased at an annualized rate of 5.72%, from $20.9M in 1995 to $75.1M in 2018.

In 2018, Bolivia exported $579M to South Korea. The main products exported from Bolivia to South Korea were Zinc Ore ($310M), Precious Metal Ore ($137M), and Lead Ore ($101M). During the last 23 years the exports of Bolivia to South Korea have increased at an annualized rate of 20.5%, from $7.99M in 1995 to $579M in 2018.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Bolivia
Top Destination
: Brazil, $1.72B

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 2018, countries that imported more from South Korea than Bolivia were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

In 2018, countries that imported more from Bolivia than South Korea were Argentina ($1.45B) and Saint Lucia ($35.2M).

Comparative Advantage South Korea - Bolivia

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Depth

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

During 2018, South Korea had a large net trade with Bolivia in the exports of Machines ($17.8M), Transportation ($17.1M), and Foodstuffs ($13.2M).

During 2018, Bolivia had a large net trade with South Korea in the exports of Mineral Products ($550M), Vegetable Products ($21.4M), and Foodstuffs ($2.82M).

Tariff Section

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

In 2018, the products from South Korea that paid the highest import tariffs to enter Bolivia were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

In 2018, the products from Bolivia that paid the highest import tariffs to enter South Korea were Vegetables nes and mixtures, prepared, frozen (40%) and Beer made from malt (40%).

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*The tariffs present between South Korea and Bolivia are:
136: Most Favoured Nation duty rate treatement
335: Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries

Trade Forecasts

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This section shows a forecast for total trade between South Korea 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.

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