2022
Exports
$874MWorld Rnk 4 / 135
Flag Rnk 5 / 740
falsefalse Colombia
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$1.4MWorld Rnk 132 / 215
Flag Rnk 479 / 1143
2022
ECONOMIC COMPLEXITY of Bolivia
-0.85Rnk 106 / 133

About

Exports In 2022, Bolivia exported $874M in Soybean Oil, making it the 4th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 5th most exported product in Bolivia. The main destination of Soybean Oil exports from Bolivia are: Colombia ($354M), Ecuador ($290M), Peru ($180M), Chile ($24M), and Dominican Republic ($18.9M).

The fastest growing export markets for Soybean Oil of Bolivia between 2021 and 2022 were Ecuador ($119M), Colombia ($86.5M), and Peru ($68.8M).

Imports In 2022, Bolivia imported $1.4M in Soybean Oil, becoming the 132nd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 479th most imported product in Bolivia. Bolivia imports Soybean Oil primarily from: Brazil ($1.4M).

Latest Trends

Aug 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 Oil. 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)$874M
IMPORTS (2022)$1.4M
NET TRADE (2022)$872M

In 2022, Bolivia exported $874M in Soybean Oil. The main destinations of Bolivia exports on Soybean Oil were Colombia ($354M), Ecuador ($290M), Peru ($180M), Chile ($24M), and Dominican Republic ($18.9M).

In 2022, Bolivia imported $1.4M in Soybean Oil, mainly from Brazil ($1.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Bolivia WERE (2021 - 2022):
Ecuador$119M (69.2%)
Colombia$86.5M (32.3%)
Peru$68.8M (61.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Bolivia WERE (2021 - 2022):
Costa Rica-$5.1M (-99.2%)
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 Soybean Oil were:
In 2022, Bolivia's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChile+ $13.4M
TOP IMPORT POTENTIALBrazil+ $920k

Soybean Oil’s highest export potential is Chile. With an export gap of $13.4M.   Soybean Oil’s highest import potential is Brazil with an import gap of $920k.

See methodology.

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