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What are Bolivia's Major Export Destinations?

The South American country of Bolivia might not be a major exporter, but its contribution to global trade is important nonetheless. Bolivia trade data shows that the country shipped approximately $7 billion worth of goods around the world.

But where are Bolivian exporters sending products? In this blog, we'll break down the country's trade destinations and go over some of its most profitable goods.

Major Bolivian Export Destinations

Bolivia sends goods to many different countries. However, its most significant partner is its neighbor to the north and east. Brazil makes up approximately 17.3 percent of its total global exports. Next up on that list is another neighboring country: Argentina in the south. Roughly 15.5 percent of exports go to Argentina.

Other major destinations include the United Arab Emirates, India, and Japan. Those countries make up around 9.7 percent, 8.4 percent, and 8.2 percent of all Bolivian exports, respectively.

The remaining 40.9 percent of all exports include nations like the United States, Peru, and South Korea.

What Does Bolivia Export?

In the past, Bolivia was a significant player in the metal export business. However, the collapse of tin in the 1980s changed all that. Bolivia trade data shows that the country's biggest export is now natural gas. Metals, petroleum, and natural gas account for most of the country's exported goods.

For agriculture, Bolivia trades soybeans the most.

How Trade Works in Bolivia

Bolivia is a landlocked country with challenging geography. Pair that with seasonal flooding, and the country's economic growth potential experiences continual challenges.

Fortunately, agreements with neighboring countries are bringing improvements to this sector. Railway connections and duty-free shipping from river ports are giving Bolivia easier access to international trade routes.

Many exports go through Pacific and Atlantic ports, which Bolivia has access to thanks to agreements with Chile, Paraguay, and Peru.

Bolivia's presence in international trade is continually growing. While the country is still trying to find its footing, recent improvements to infrastructure and trade routes are bound to help with economic growth moving forward.

Read a similar article about Colombia customs data here at this page.

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What to Know About the Ecuadorian Economy

Located in South America, Ecuador counts itself among the top ten GDPs per capita in South America. Ecuador’s economy is supported by several primary industries, and their industries have been steadily growing since the 1950s. In this blog, we’ll go over what you need to know about the Ecuadorian economy and where you can find useful Ecuador export data.

Ecuador’s Economy Over the Years

Ecuador’s economy didn’t really stand out too much on the global stage until around 1950. Before the 1950s, Ecuador primarily engaged in agricultural processing, textile manufacturing, and leather goods. Their primary export was straw hats.

In the 1970s, mining and exporting oil became a more primary economic contributor for Ecuador. In addition to oil and petroleum, Ecuador also counts cocoa and bananas as a primary export. In fact, Ecuador is actually the largest exporter of bananas in the world.

In the 1990s, Ecuador faced an economic crisis when natural disasters and global petroleum price declines crashed their economy. In 2000, they began to accept the US dollar as legal tender, helping them to stabilize their declining local currency. As petroleum prices rose, Ecuador was able to stabilize but their economy is still vulnerable to swings in petroleum prices overall.

Ecuador’s Top Exports

For more context about Ecuador’s economy and how their exporting affects their overall GDP, here are their top exports from last year listed in order of sales volume and percentage of total goods:

Crude Petroleum

Crustaceans

Bananas

Processed Fish

Refined Petroleum

As you can see from these top exports and as we outlined earlier, the Ecuadorian economy is highly dependent on petroleum, fishing, and agricultural food products.

Where to Find More Ecuador Export Data

If you’re interested in staying up to date with Ecuador export data and customs data, you can use a database to learn everything you’d want to know. With the right database, you can find opportunities with new customers, see how your competitors supply chain is related to Ecuador export data, and identify new supplier opportunities. You can also see information such as arrival dates, product descriptions, shippers, transportation types, and more. This kind of insight is invaluable, and with a searchable database you can find this information for Ecuador and many more countries.

Read a similar article about Peru export data here at this page.

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How to find Chile Import Data

If you live in Chile, or if you are a Chilean national living abroad for one year or more and want to import a vehicle into your country of residence, the vehicle must comply with the technical requirements established by the respective authority on imports. In this blog post, we will tell you how to find Chilean customs data.

1. The Chilean Ministry of Public Works and Transportation

The Chilean Ministry of Public Works and Transport (Ministerio de Obras Públicas y Transporte, or MOPT) is the national authority in charge of the technical requirements for imports. This is also the agency you will have to contact to verify that your vehicle complies with the regulations.

Chile import data agency has a secretariat in Santiago and another one in Viña del Mar. In national security, the MOPT is also the agency that takes care of vehicles' registry and owners. The government institution responsible for the registering of vehicles is called "Dirección General de Transporte Terrestre" or DTTR.

2. The DTTR database

The DTTR maintains a database with all vehicles ever registered in Chile since 1970. Please be aware that this database is not open to the general public. You will have to provide your data, including your full name and ID number, to access the information.

Navigate to website and click on Consulta de vehículos

en el Registro Único Nacional.

Type your personal data and click on Consultar.

You will receive the registry results.

Note that you can also search by vehicle plate (vehicle identification number). In this case, type the Vehículo

Identificación Número (VIN), for example: BCH-042-XXXXX.

3. Chile customs data

When you have received the registry results for your vehicle, it is now time to move on and access the data obtained in this way.

If you are a Chilean national living abroad, you must be living more than one year in Chile to access the information concerning your vehicle's importation into the country. You, therefore, need to visit the DTTR secretariat in Santiago or Viña del Mar. This is mandatory if you want to access the data.

4. The DTTR office in Santiago or Viña del Mar

If you are a Chilean national living abroad and want to find out the data concerning your vehicle's importation into Chile, your next step should be to go to one of these two offices, depending on where you live.

Conclusion

If you are a Chilean national living abroad and want to import a vehicle into your country of residence, the vehicle must comply with the technical requirements set forth by the respective authority.

Read a similar article about import export data here at this page.

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How to Find Customs Data

Using customs data is an excellent way to do competitor research and establish a sound import or export market strategy. Companies might also want this information for a variety of other reasons, such as to find a supplier for a specific product, to verify a supplier’s legitimacy or to gauge whether a supplier might be open to smaller orders.

But the million-dollar question is: How do you get your hands on this valuable information?

The answer in a nutshell: There are several ways to get customs data. How you go about it will depend on:

How much money you’re willing to spend

How much time you want to invest

Which country’s data you’re trying to access

Regardless, here are the most common ways you can obtain the customs data you need to grow your business.

Public Customs Data

Unlike in other economies, in the United States, import records are publicly accessible. That means you can view import and export histories for any company that imports or exports anything to the United States of America. Sounds easy, right? Sort of.

You can get all this information, but you’ll need to file a Freedom of Information request through the Department of Homeland Security. And we should mention that the process can also cost thousands of dollars, depending on how much information you request.

Getting your hands on import histories for other countries, however, won’t be as easy. Unlike in the U.S., import records in other countries aren’t made public.

Online Tools

There are also a few online tools available that will provide customs data. However, some of these tools cost hundreds of dollars per month to use, and the data is often incomplete or outdated. (Not the best use of your money, in our humble opinion.)

If you do choose to use online tools like these, there are a few important things you should keep in mind:

You’ll need to know the name of the supplier or competitor you want data on.

Most websites only offer data on U.S. imports and exports.

The information provided in the bill of lading may not be specific enough for your research needs.

Some foreign countries may export goods under the name of another company, which can be confusing and misleading.

Subscription-Based Database Products

Some private companies also offer subscription-based products that provide legally obtained import/export data from the U.S. and other countries that has been transformed into digestible information. With these products, you can search companies, request contacts, set email alerts, download data in several different formats and obtain much more data overall.

Once you identify a reliable subscription-based product that provides import/export data, this is likely the best option you have to obtain the information you’re seeking. Although it will still require a financial investment, you’ll have all the data you need to generate market insights and stay ahead of your competitors.

If you need Russia trade database, visit this website.