2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Bolivia-South Korea Trade: In 2022, Bolivia exported $539M to South Korea. The main products that Bolivia exported to South Korea were Zinc Ore ($219M), Precious Metal Ore ($213M), and Lead Ore ($103M). Over the past 5 years the exports of Bolivia to South Korea have decreased at an annualized rate of 3%, from $627M in 2017 to $539M in 2022.

In 2022, Bolivia did not export any services to South Korea.

South Korea-Bolivia Trade: In 2022, South Korea exported $66.1M to Bolivia. The main products that South Korea exported to Bolivia were Cars ($19.9M), Large Construction Vehicles ($4.61M), and Rolled Tobacco ($3.81M). Over the past 5 years the exports of South Korea to Bolivia have decreased at an annualized rate of 3.9%,  from $80.7M in 2017 to $66.1M in 2022.

In 2022, South Korea did not export any services to Bolivia.

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $539M to South Korea. The main products exported from Bolivia to South Korea were Zinc Ore ($219M), Precious Metal Ore ($213M), and Lead Ore ($103M). During the last 5 years the exports of Bolivia to South Korea have decreased at an annualized rate of 3%, from $627M in 2017 to $539M in 2022.

In 2017, South Korea exported $66.1M to Bolivia. The main products exported from South Korea to Bolivia were Cars ($19.9M), Large Construction Vehicles ($4.61M), and Rolled Tobacco ($3.81M). During the last 5 years the exports of South Korea to Bolivia have decreased at an annualized rate of 3.9%, from $80.7M in 2022 to $66.1M in 2017.

Exports from Bolivia (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Bolivia (Flag) (2022)

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Bolivia than South Korea included Argentina ($1.76B) and Colombia ($1.06B).

In 2022, countries that imported more from South Korea than Bolivia included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Bolivia (Flag) (2022)

Comparative Advantage Bolivia - South Korea

Flow
Scale

This chart compares trade between Bolivia and South Korea by product, considering products traded by both, Bolivia and South Korea.

During 2022, Bolivia had a large net trade with South Korea in the exports of Mineral Products ($536M), Metals ($1.76M), and Vegetable Products ($641k).

During 2017, South Korea had a large net trade with Bolivia in the exports of Transportation ($21.5M), Machines ($12.5M), and Plastics and Rubbers ($9.38M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia South Korea+$766kScrap Aluminium
Top Product Potential South Korea Bolivia+$13.8MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

Product Space of Bolivia (Flag) and South Korea (Flag) (2022)

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