2022
Exports
$1.02BWorld Rnk 33 / 210
Flag Rnk 5 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$26.5MWorld Rnk 153 / 224
Flag Rnk 47 / 96
2022
ECONOMIC COMPLEXITY of Bolivia
-0.85Rnk 106 / 133

About

Exports In 2022, Bolivia exported $1.02B in Animal or vegetable fats, oils, & waxes, making it the 33rd largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 5th most exported product in Bolivia. The main destination of Animal or vegetable fats, oils, & waxes exports from Bolivia are: Ecuador ($388M), Colombia ($368M), Peru ($193M), Chile ($29M), and Dominican Republic ($18.9M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Bolivia between 2021 and 2022 were Ecuador ($139M), Peru ($78.9M), and Colombia ($75.7M).

Imports In 2022, Bolivia imported $26.5M in Animal or vegetable fats, oils, & waxes, becoming the 153rd largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 47th most imported product in Bolivia. Bolivia imports Animal or vegetable fats, oils, & waxes primarily from: Brazil ($7.61M), Peru ($6.24M), Indonesia ($4.42M), Ecuador ($3.36M), and Argentina ($1.21M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Bolivia between 2021 and 2022 were Peru ($3.43M), Indonesia ($2.2M), and Ecuador ($1.32M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.02B
IMPORTS (2022)$26.5M
NET TRADE (2022)$996M

In 2022, Bolivia exported $1.02B in Animal or vegetable fats, oils, & waxes. The main destinations of Bolivia exports on Animal or vegetable fats, oils, & waxes were Ecuador ($388M), Colombia ($368M), Peru ($193M), Chile ($29M), and Dominican Republic ($18.9M).

In 2022, Bolivia imported $26.5M in Animal or vegetable fats, oils, & waxes, mainly from Brazil ($7.61M), Peru ($6.24M), Indonesia ($4.42M), Ecuador ($3.36M), and Argentina ($1.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Bolivia WERE (2021 - 2022):
Ecuador$139M (55.6%)
Peru$78.9M (69.4%)
Colombia$75.7M (25.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Bolivia WERE (2021 - 2022):
Costa Rica-$5.25M (-75%)
Honduras-$1.22M (-100%)
Nepal-$526k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bolivia's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Bolivia's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChile+ $15.6M
TOP IMPORT POTENTIALArgentina+ $437k

Animal or vegetable fats, oils, & waxes’s highest export potential is Chile. With an export gap of $15.6M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Argentina with an import gap of $437k.

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