Bolivia’s Top 10 Import Products & Partners – Bolivia Trade Statistics

20 May 2019

Bolivia’s imports in 2018 totalled US$9.9 billion, which slightly rose from the previous year’s US$9.3 billion. Value of total imports was up by 7.5% in 2018 from 2017, but down by -4.7% since 2014, Bolivia customs data reveals. Major import products of Bolivia at 2-digit level HS Code are machinery, mechanical appliances, etc., mineral fuels & oils, vehicles, electrical machinery & equipment and plastics. Main import sources of Bolivia are China, Brazil, Argentina, Peru and the United States. Have a larger picture of Bolivian import market with trade statistics and market intelligence information on country’s largest import commodities and partners.  

Bolivia’s Top 10 Import Commodities

As per Bolivia import statistics, machinery, mechanical appliances, etc. registered the highest number of import shipments valued US$1920 million in 2018. Mineral fuels and oils recorded second place in country’s top import commodities, which recorded US$1364 million. Below given chart and table shows a list of top 10 import commodities with their values in US$ and % recorded in 2018.

10 Largest Import Sources of Bolivia

Out of total imports, Bolivia purchased goods worth US$4.4 billion or 43.7% from Latin American countries excluding Mexico but including the Caribbean. Asian trade partners supplied 31.5% of import sales to Bolivia while 15% worth of commodities originated from Europe. At 9.3%, a smaller percentage came from the exporters in North America.

If we analyse the data country-wise, we found that Bolivia’s largest import source in 2018 was China. The country purchased goods worth US$2071 from China. Here is a look at 10 largest import sources of Bolivia with their values in US dollars and percentage.  

Industry-wise Outlook of Bolivia’s Imports

Machinery

In 2018, Bolivian importers of machinery spent the most on the following 5 products:

                          ·         Steam/vapour turbines: US$439 million

                          ·         Turbo-jets: US$285.2 million

                          ·         Heavy machinery (bulldozers, excavators, roll rollers): US$109.7 million

                          ·         Lifting/loading machinery: US$58.4 million

                          ·         Refrigerators, freezers: US$56.5 million

Fuel

The second largest import commodity of Bolivia is fuel, which registered 13.65% share in value. In 2018, fuel importers in Bolivia purchased the following major products under this category:

                         ·         Processed petroleum oils: US$1.3 billion

                         ·         Petroleum oil residues: US$22.5 million

                         ·         Asphalt/petroleum bitumen mixes: US$22.3 million

                         ·         Petroleum jelly, mineral waxes: US$2.1 million

                         ·         Coal, solid fuels made from coal: US$1.1 million

Vehicles

Vehicles is the third major import industry in Bolivia, which contributed 10.38% value in country’s total imports in 2018. As per vehicles import statistics of Bolivia, the country purchased following major commodities under this industry.

                        ·         Cars: US$409 million

                        ·         Trucks: US$226.1 million

                        ·         Public-transport vehicles: US$135.9 million

                        ·         Automobile parts/accessories: US$79.6 million

                        ·         Tractors: US$78.1 million

Electronics

Electronics stood as the 4^th major import industry of Bolivia, which shared 7.91% value to country’s total imports, as per Bolivia shipment data. Bolivian buyers of electronics spent the most on following commodities under this industry.

                       ·         Phone system devices including smartphones: US$187 million

                       ·         Insulated wire/cable: US$69.6 million

                       ·         Electrical converters/power units: US$53.7 million

                       ·         TV/radio/radar device parts: US$51.8 million

                       ·         TV receivers/monitors/projectors: US$42.2 million

What is Bolivia Import Data?

If you are into import-export business, market insights play an important role in finding potential international business companions, taking workable decisions and grow business. And when it comes to export commodities into Bolivian market, import data of Bolivia is useful in having country’s correct market picture. It contains statistics which are collected from customs & other credible sources. Trade data of Bolivia is based on actual shipment records which are based on shipping bills, invoices and import bills. 

Bolivia import data contains a wide range of data fields including Bolivian importer name, HS Code, product description, value, quantity, etc. It is updated monthly and available on 2, 4, 6 & 8 digit level HS Code. For your reference, a sample is given below which will help you in understand the exact format of Bolivia import data.

Bolivia Import Sample

Leading the increase in value from 2017 to 2018, Bolivia’s fastest-growing product category was mineral fuels including oil which rose 38.8% thanks to the country’s accelerating purchases of refined petroleum oils. Machinery including computers up by 16.4% was at second place.

To buy our market research report and data, e-mail us at [email protected].

For any media related enquiries, please contact us at [email protected]