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Pricing

2022
Flag → Flag
Exports $66.1MRnk 119 / 220
2022
Flag → Flag
Top Product $19.9MCars
2022
Flag → Flag
Exports $539MRnk 8 / 146
2022
Flag → Flag
Top Product $219MZinc Ore
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
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GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
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GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

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.

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 2.51%,  from $627M in 2017 to $539M in 2022.

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

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

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $2.44M and imported $59.9M from Bolivia, resulting in a negative trade balance of $57.5M. Between July 2023 and July 2024 the exports of South Korea have increased by $939k (62.5%) from $1.5M to $2.44M, while imports increased by $46.1M (334%) from $13.8M to $59.9M.

Trade In July 2024, the top exports of South Korea to Bolivia were Cars, tractors, trucks & parts thereof. ($1.62M), Tobacco & substitutes ($771k), Machinery, mechanical appliances, & parts ($404k), Beverages, spirits, & vinegar ($135k), and Optical, photo, & film equipment; medical... ($112k). In July 2024 the top imports of South Korea from Bolivia were Ores, slag and ash ($18.9M), Coffee, tea, mate & spices ($21k), Used clothes & textile articles ($5k), Toys, games, & sports ($5k), and Optical, photo, & film equipment; medical... ($1k).

Growth In July 2024, the increase in South Korea's year-by-year exports to Bolivia was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($894k or 124%), Beverages, spirits, & vinegar ($95k or 238%), and Optical, photo, & film equipment; medical... ($55k or 96.5%). In July 2024, the increase in South Korea's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Ores, slag and ash ($716k or 3.93%) and Coffee, tea, mate & spices ($5k or 31.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$939k(62.5%)
IMPORT GROWTH (July 2023 - July 2024)$46.1M(334%)

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

To check Bolivia and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bolivia and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $66.1M in 2022.

In 2017, 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 2.51%, from $627M in 2022 to $539M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Bolivia
Top DestinationIndia$2.27B

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

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

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

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

Comparative Advantage South Korea - Bolivia

Flow
Scale

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

During 2022, 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).

During 2017, Bolivia had a large net trade with South Korea in the exports of Mineral Products ($536M), Metals ($1.76M), and Vegetable Products ($641k).

Potential Exports

Potential Exports

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

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 South Korea and Bolivia. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over South Korea.

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

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