🇧🇴

Export Market

Bolivia

ISO: BO / BOL

Country Profile

Capital Sucre
Population 11.4M
GDP $54.9B (2024)
GDP per Capita $4,421
Income Level Lower-Middle Income
Currency Bolivian boliviano (BOB Bs.)
Language Aymara
Timezone UTC-04:00
Region South America

Trade Partners

Bolivia Exports To

  • Brazil 15.0%
  • India 13.0%
  • China 11.0%
  • Argentina 11.0%
  • UAE 8.0%

Key exports: gold, natural gas, precious metal ore, zinc ore, soybean meal (2023)

Bolivia Imports From

  • China 22.0%
  • Brazil 18.0%
  • Chile 13.0%
  • USA 7.0%
  • Peru 5.0%

Key imports: refined petroleum, cars, pesticides, trucks, plastics (2023)

Economic Overview

resource-rich economy benefits during commodity booms; has bestowed juridical rights to Mother Earth, impacting extraction industries; increasing Chinese lithium mining trade relations; hard hit by COVID-19; increased fiscal spending amid poverty increases; rampant banking and finance corruption

Government: presidential republic

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Bolivia. Standard WTO terms apply.

Trade Barriers

1 active barrier affecting UK exporters

Lack of standards and regulation for open banking in Bolivia

There is no open banking regulation in Bolivia, which prevents UK businesses from accessing the local market. UK government has engaged with Bolivian officials to showcase the British regulatory model and support local efforts to develop a regulatory framework.

Sectors: Consumer and retail, Financial and professional services

Reported: 12 Oct 2021

Geographic Region

Latin America and Caribbean

Trading Bloc Memberships

Bolivia is a member of the following trade agreements and economic blocs.

CAN Andean Community Customs Union UK Agreement

Export Guidance

Relevant guidance for exporting to Bolivia.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇷 Argentina 🇧🇸 Bahamas FTA 🇧🇧 Barbados FTA 🇧🇿 Belize FTA 🇧🇷 Brazil 🇨🇱 Chile FTA 🇨🇴 Colombia FTA 🇨🇷 Costa Rica FTA

Official Resources

Government export support for Bolivia.

great.gov.uk Market Guide → GOV.UK Country Information →
← Back to All Markets