2023
Exports
$36.4MWorld Rnk 128 / 214
Flag Rnk 24 / 748
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$1.86BWorld Rnk 85 / 226
Flag Rnk 1 / 1131
2023
ECONOMIC COMPLEXITY of Bolivia
-0.85Rnk 105 / 132

About

Exports In 2023, Bolivia exported $36.4M in Refined Petroleum, making it the 128th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 24th most exported product in Bolivia. The main destination of Refined Petroleum exports from Bolivia are: Spain ($13M), Panama ($7.35M), Colombia ($4.1M), Ecuador ($4.05M), and Peru ($1.88M).

The fastest growing export markets for Refined Petroleum of Bolivia between 2022 and 2023 were Colombia ($885k), Brazil ($664k), and Paraguay ($257k).

Imports In 2023, Bolivia imported $1.86B in Refined Petroleum, becoming the 85th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Bolivia. Bolivia imports Refined Petroleum primarily from: Chile ($787M), United States ($259M), Switzerland ($167M), Belgium ($128M), and Netherlands ($87.3M).

The fastest growing import markets in Refined Petroleum for Bolivia between 2022 and 2023 were Chile ($410M), Belgium ($94.6M), and Paraguay ($52.9M).

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 Refined Petroleum. 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)$36.4M
IMPORTS (2023)$1.86B
NET TRADE (2023)-$1.83B

In 2023, Bolivia exported $36.4M in Refined Petroleum. The main destinations of Bolivia exports on Refined Petroleum were Spain ($13M), Panama ($7.35M), Colombia ($4.1M), Ecuador ($4.05M), and Peru ($1.88M).

In 2023, Bolivia imported $1.86B in Refined Petroleum, mainly from Chile ($787M), United States ($259M), Switzerland ($167M), Belgium ($128M), and Netherlands ($87.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bolivia WERE (2022 - 2023):
Colombia$885k (27.5%)
Brazil$664k (58.5%)
Paraguay$257k (64%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bolivia WERE (2022 - 2023):
Spain-$603k (-4.43%)
Peru-$499k (-21%)
Argentina-$372k (-18.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bolivia's main exporting competitors in Refined Petroleum were:
In 2023, Bolivia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALBrazil+ $5.47M
TOP IMPORT POTENTIALUnited States+ $84.1M

Refined Petroleum’s highest export potential is Brazil. With an export gap of $5.47M.   Refined Petroleum’s highest import potential is United States with an import gap of $84.1M.

See methodology.

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