Bolivia, a significant player in international trade, has emerged as an influential importer of tapioca starch.
In 2021, Bolivia imported a substantial $3.3 million worth of tapioca starch, securing its position as the 24th largest importer of this product globally. Tapioca starch itself held the 439th rank among Bolivia’s imported goods during the same year.
Paraguay emerged as the primary source, accounting for approximately $2.03 million of the total imports. Brazil and Thailand are also significant suppliers, with import values of $1.25 million and $24.9 thousand, respectively.
It is worth noting that Brazil experienced the fastest-growing import market for tapioca starch in Bolivia between 2020 and 2021, with an increase of $449 thousand. This demonstrates the growing demand for Brazilian tapioca starch within Bolivia and further solidifies the trade relationship between the two countries. Additionally, Thailand’s import market also witnessed growth, albeit on a smaller scale, with an increase of $24.9 thousand during the same period.
Bolivia’s increasing import figures reflect the country’s demand for tapioca starch to meet various industrial and consumer needs. This highlights the importance of tapioca starch as a vital ingredient in Bolivia’s economy.
In 2018, Bolivia had an average tariff rate of 9.62% for tapioca starch imports. These tariffs indicate the customs duties imposed on imported tapioca starch. Among the countries with the highest import tariffs for tapioca starch were Angola, Burundi, Benin, Burkina Faso, and Botswana, all with a Most Favoured Nation duty rate treatment of 10%. These tariff rates have implications for the cost and competitiveness of imported tapioca starch within Bolivia.
Data from BACI