2023
Exports
$703MWorld Rnk 8 / 121
Flag Rnk 5 / 748
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2023
Imports
$59.2kWorld Rnk 157 / 175
Flag Rnk 925 / 1131
2023
ECONOMIC COMPLEXITY of Bolivia
-0.85Rnk 105 / 132

About

Exports In 2023, Bolivia exported $703M in Soybean Meal, making it the 8th largest exporter of Soybean Meal in the world. At the same year, Soybean Meal was the 5th most exported product in Bolivia. The main destination of Soybean Meal exports from Bolivia are: Colombia ($310M), Peru ($208M), Chile ($76.5M), Ecuador ($32.7M), and Burma ($24.4M).

The fastest growing export markets for Soybean Meal of Bolivia between 2022 and 2023 were Colombia ($11.7M), Burma ($10.2M), and Vietnam ($5.25M).

Imports In 2023, Bolivia imported $59.2k in Soybean Meal, becoming the 157th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 925th most imported product in Bolivia. Bolivia imports Soybean Meal primarily from: United States ($30.5k) and Brazil ($28.7k).

The fastest growing import markets in Soybean Meal for Bolivia between N/A and 2023 were United States ($30.5k) and Brazil ($28.7k).

Latest Trends

Dec 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 Soybean Meal. 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 (2023)$703M
IMPORTS (2023)$59.2k
NET TRADE (2023)$702M

In 2023, Bolivia exported $703M in Soybean Meal. The main destinations of Bolivia exports on Soybean Meal were Colombia ($310M), Peru ($208M), Chile ($76.5M), Ecuador ($32.7M), and Burma ($24.4M).

In 2023, Bolivia imported $59.2k in Soybean Meal, mainly from United States ($30.5k) and Brazil ($28.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Meal EXPORT MARKETS FOR Bolivia WERE (2022 - 2023):
Colombia$11.7M (3.94%)
Burma$10.2M (71.8%)
Vietnam$5.25M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Bolivia WERE (2022 - 2023):
Peru-$241M (-53.6%)
Ecuador-$114M (-77.7%)
Chile-$21.7M (-22.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bolivia's main exporting competitors in Soybean Meal were:
In 2023, Bolivia's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALTurkey+ $7.51M
TOP IMPORT POTENTIALBrazil+ $768

Soybean Meal’s highest export potential is Turkey. With an export gap of $7.51M.   Soybean Meal’s highest import potential is Brazil with an import gap of $768.

See methodology.

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