Bolivia (BOL) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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Bolivia-Chinese Taipei Trade: In 2023, Bolivia exported $4.45M to Chinese Taipei. The main products that Bolivia exported to Chinese Taipei were Other Oily Seeds ($1.34M), Soybeans ($1.18M), and Scrap Copper ($702k). Over the past 5 years the exports of Bolivia to Chinese Taipei have increased at an annualized rate of 1.3%, from $4.17M in 2018 to $4.45M in 2023.

In 2023, Bolivia did not export any services to Chinese Taipei.

Chinese Taipei-Bolivia Trade: In 2023, Chinese Taipei exported $50.8M to Bolivia. The main products that Chinese Taipei exported to Bolivia were Refined Petroleum ($20.9M), Styrene Polymers ($6.49M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.2M). Over the past 5 years the exports of Chinese Taipei to Bolivia have increased at an annualized rate of 7.54%, from $35.3M in 2018 to $50.8M in 2023.

In 2023, Chinese Taipei did not export any services to Bolivia.

Comparison: In 2023, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B). That same year, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Latest Trends

December, 2023

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Overview In December 2023, Bolivia exported $384k and imported $2.29M from Chinese Taipei, resulting in a negative trade balance of $1.91M. Between December 2022 and December 2023 the exports of Bolivia have increased by $115k (43%) from $269k to $384k, while imports decreased by $-2.04M (-47.1%) from $4.33M to $2.29M.

Trade In December 2023, the top exports of Bolivia to Chinese Taipei were Sesame (Sesamum) seeds ($241k), Other non-ferrous base metal waste and... ($16.7k), and Other ferrous waste and scrap ($9.6k). In December 2023 the top imports of Bolivia from Chinese Taipei were Polystyrene ($982k), Polycarbonates, alkyd resins and other polyesters ($433k), Electrical apparatus for line telephony or... ($335k), Digital processing units, whether or not... ($299k), and Sewing-machines (other than book-sewing machines of... ($252k).

Origins In December 2023 the exports of Bolivia were mainly from Santa Cruz ($352k), Tarija ($18.7k), and La Paz ($12.8k), while imports destinations were mainly Santa Cruz ($1.16M), Oruro ($748k), La Paz ($302k), Cochabamba ($80.7k), and Potosí ($71).

Growth In December 2023, the increase in Bolivia's year-by-year exports to Chinese Taipei was explained primarily by an increase in product exports in . In December 2023, the decrease in Bolivia's year-by-year imports from Chinese Taipei was explained primarily by an decrease in product imports in Electrical apparatus for line telephony or... ($-146k or -30.3%), Other office machines (e.g., hectograph or... ($-85.7k or -99.9%), and Other parts and accessories of the... ($-79.6k or -44.2%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)$115k(43%)

IMPORT GROWTH (December 2022 - December 2023)$-2.04M(-47.1%)

MAIN EXPORTER (December 2023)Santa Cruz$352k

This section shows exports and imports data at subnational level for Bolivia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Bolivia over time.

To check Chinese Taipei and Bolivia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bolivia exported $4.45M to Chinese Taipei. The main products exported from Bolivia to Chinese Taipei were Other Oily Seeds ($1.34M), Soybeans ($1.18M), and Scrap Copper ($702k). During the last 5 years the exports of Bolivia to Chinese Taipei have increased at an annualized rate of 1.3%, from $4.17M in 2018 to $4.45M in 2023.

In 2018, Chinese Taipei exported $50.8M to Bolivia. The main products exported from Chinese Taipei to Bolivia were Refined Petroleum ($20.9M), Styrene Polymers ($6.49M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.2M). During the last 5 years the exports of Chinese Taipei to Bolivia have increased at an annualized rate of 7.54%, from $35.3M in 2023 to $50.8M in 2018.

Exports from Bolivia () to Chinese Taipei () (2023)

Exports from Chinese Taipei () to Bolivia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bolivia
Top DestinationBrazil$1.54B

Chinese Taipei
Top DestinationChina$101B

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

In 2023, countries that imported more from Bolivia than Chinese Taipei included Argentina ($1.15B), Colombia ($687M), and Peru ($622M).

In 2023, countries that imported more from Chinese Taipei than Bolivia included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei () and Bolivia () (2023)

Comparative Advantage Bolivia - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bolivia had a large net trade with Chinese Taipei in the exports of Vegetable Products ($2.95M), Metals ($1.39M), and Wood Products ($36.8k).

During 2018, Chinese Taipei had a large net trade with Bolivia in the exports of Mineral Products ($20.9M), Plastics and Rubbers ($11.5M), and Machines ($9.74M).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bolivia and Chinese Taipei. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Chinese Taipei. Similarly, a dot/product with the flag of Chinese Taipei indicates it has a comparative advantage over Bolivia.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Bolivia () to Chinese Taipei () (2023)

Exports from Chinese Taipei () to Bolivia () (2023)

Market Competitiveness

Difference in imports from Chinese Taipei () and Bolivia () (2023)

Comparative Advantage Bolivia - Chinese Taipei

Economic Complexity

Competitive Landscape

Product Space of Bolivia () and Chinese Taipei () (2023)

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