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

20 May 2019
Bolivia Import Data

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.



HS Code

Product Description

Value US$ Million

Value US$ %

84

Machinery, Mechanical Appliances, etc.

1920

19.22

27

Mineral Fuels and Oils

1364

13.65

87

Vehicles Other Than Railway or Tramway

1037

10.38

85

Electrical Machinery and Equipment

790

7.91

39

Plastics and Articles

490

4.91

72

Iron and Steel

477

4.78

38

Miscellaneous Chemical Products

368

3.69

73

Articles of Iron and Steel

331

3.32

30

Pharmaceutical Products

203

2.04

21

Miscellaneous Edible Preparations

173

1.73

 


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.  



Country

Value USD Million

Value USD %

China

2071

20.7

Brazil

1609

16.1

Argentina

1159

11.6

Peru

669

6.7

United States

626

6.3

Chile

498

5

Japan

306

3.1

Spain

281

2.8

Mexico

253

2.5

Germany

227

2.3

 


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 4th 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


Month

11

Year

2018

Register Number

2018/101/C-100

Importer Nit

4094515018

Bolivian Importer Name

Jabier Mamani Gorena

NIT Declarant

1045197019

Declarant Name

Velez Jorge Ricardo Fuentes

Origin Country

United Kingdome of Great Britain

Provenance Country

Chile

HS Code

84296000000

Commercial Description

FRM: 2018151 CH: 2CR18509

Total FOB

11000

Total CIF

107323

Item

1

FOB Item

11000

Quantity

1

Net Weight (KG)

11340

Packages

1

Status of the Goods

USED

 


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.


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