2023
Exports
$555MWorld Rnk 4 / 137
Flag Rnk 6 / 748
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2023
Imports
$1.86MWorld Rnk 120 / 212
Flag Rnk 442 / 1131
2023
ECONOMIC COMPLEXITY of Bolivia
-0.85Rnk 105 / 132

About

Exports In 2023, Bolivia exported $555M in Soybean Oil, making it the 4th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 6th most exported product in Bolivia. The main destination of Soybean Oil exports from Bolivia are: Colombia ($238M), Peru ($116M), Ecuador ($112M), Chile ($24.3M), and Honduras ($10.4M).

The fastest growing export markets for Soybean Oil of Bolivia between 2022 and 2023 were Honduras ($10.4M), Nicaragua ($10.2M), and Burma ($9.38M).

Imports In 2023, Bolivia imported $1.86M in Soybean Oil, becoming the 120th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 442nd most imported product in Bolivia. Bolivia imports Soybean Oil primarily from: Brazil ($1.86M).

The fastest growing import markets in Soybean Oil for Bolivia between 2022 and 2023 were Brazil ($459k).

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 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 (2023)$555M
IMPORTS (2023)$1.86M
NET TRADE (2023)$553M

In 2023, Bolivia exported $555M in Soybean Oil. The main destinations of Bolivia exports on Soybean Oil were Colombia ($238M), Peru ($116M), Ecuador ($112M), Chile ($24.3M), and Honduras ($10.4M).

In 2023, Bolivia imported $1.86M in Soybean Oil, mainly from Brazil ($1.86M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Bolivia WERE (2022 - 2023):
Honduras$10.4M (1%)
Nicaragua$10.2M (1%)
Burma$9.38M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Bolivia WERE (2022 - 2023):
Ecuador-$109M (-49.4%)
Peru-$95.6M (-45.2%)
Colombia-$85.1M (-26.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bolivia's main exporting competitors in Soybean Oil were:
In 2023, 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
View
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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