Indonesia's Exports and Imports to Bolivia Decreased in 2020

Indonesia's trade balance with Bolivia showed a surplus of US$14.61 million in 2020. However, this surplus decreased drastically by -55.2% compared to the previous year's balance of US$32.62 million.

This decline in the trade balance, according to Trademap data, was supported by Indonesian export values reaching US$17 million. This is higher than Indonesia's imports from Bolivia, which were recorded at US$2.38 million.

Indonesian exports to Bolivia have been declining over the past year. The previous year's export value was US$35.19 million.

Imports, according to Trademap data, decreased by 7.06% compared to the previous year's figure of US$2.56 million.

Based on product type, there were 10 main export products from Indonesia to Bolivia that recorded a surplus during 2020. The total value of these main exports reached US$7.44 million.

List of 10 Main Indonesian Export Products to Bolivia

1. (HS 15): Vegetable fats and oils and their cleavage products; edible fats; animal or vegetable fats and oils and their fractions, whether or not refined, but not chemically modified.


2. (HS 30): Pharmaceutical products


3. (HS 34): Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modelling pastes, and other preparations of a kind used in the chemical or allied industries, not elsewhere specified or included


4. (HS 40): Rubber and articles thereof


5. (HS 61): Articles of apparel and clothing accessories, knitted or crocheted


6. (HS 62): Articles of apparel and clothing accessories, not knitted or crocheted


7. (HS 64): Footwear, gaiters and the like; parts of such articles


8. (HS 73): Articles of iron or steel


9. (HS 74): Copper and articles thereof


10. (HS 84): Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

Globally, the trade balance for all goods improved this time due to an increase in several types of goods. Indonesia's total trade balance was recorded at US$21.68 billion, an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.