Bolivia

Bolivia benefits from preferential access to the EU market under the GSP+. It is a lower-middle income economy with a per-capita income of $4,001 in 2024. EU imports from Bolivia amounted to about €668 million in 2024. As most of Bolivia's exports enter the EU duty-free under the EU's normal tariff regime, the scope for preferential imports under the GSP+ is limited - these reached €49 million in 2024.

What is the GSP+?

The GSP+ is a special incentive arrangement for Sustainable Development and Good Governance that supports vulnerable developing countries. Next to fulfilling the eligibility requirements of the Standard GSP, GSP+ countries are required to ratify 27 international conventions on human rights, labour rights, environmental protection and climate change, and good governance. In order to ensure effective implementation of the conventions as well as compliance with reporting obligations, the EU engages in monitoring activities with the GSP+ countries. GSP+ beneficiaries can benefit from complete duty suspensions for products across approximately 66% of all EU tariff lines.

At a glance: EU preferential imports from GSP+ beneficiary countries (2024, € million)

group

12.4M (2024)

Population

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Presidential Republic

Government

trending_up

1.4% (2024)

GDP Growth

equalizer

5.1% (2024)

Inflation

money

$ 49.7B (2024)

GDP

Facts about the Bolivian economy

Export Products

Bolivia's exports are heavily dependent on primary commodities, like natural gas, gold, zinc ores and other mineral products as well as agricultural products like nuts, quinoa, and soybean products.

Resource Wealth

Bolivia is a resource rich economy and benefits from a favourable climate for agricultural production and large mineral reserves. Bolivia possesses the world's largest lithium reserves as well as considerable deposits of zinc, silver, lead, tin, and gold. Furthermore, Bolivia is the world’s largest producer and exporter of Brazil nuts, the second largest exporter of quinoa and also contributes significantly to the world market’s supply of soybeans.

Trade Partners

Trade with its regional partners - Brazil, Argentina, Peru, Colombia and Chile - accounted for about 40% of Bolivia's total trade in 2024. Brazil and China are the most important destination for Bolivia's export products, while most of the country's imports (23%) originated from China in 2024.

Economic Structure

Bolivia's economy is based on the country's substantial resources, both mineral and natural. Bolivia has substantial petroleum and natural gas reserves and good conditions for agricultural activities including forestry and fishing. The main cash crops are Brazilian nuts and soybeans. The industrial sector remains small and mainly focusses on the processing of the mineral and agricultural products. Other industries include the manufacturing of textiles from locally grown cotton and alpaca wool as well as the manufacturing of gold jewellery.

Usage of GSP+ Preferences

As most of Bolivia's important exports can enter the EU duty-free under the EU's normal tariff regime, the scope for preferential exports under the GSP+ is limited: 7% of the EU's total imports from Bolivia used the preferences in 2024. At the same time, Bolivia made considerable use of the preferences granted under GSP+: 92% of eligible EU imports from Bolivia utilised GSP+ preferences.

Trade with the EU

Bolivia's total trade with the EU amounted to € 1.8 billion in 2024. With a share of 10.3% in Bolivia's total trade, the EU was the third most important trading partner in that year. As an export market, the EU is also ranked third, with a share of 10.4% in 2024.

Bolivia and the EU

Imports from Bolivia by product section (2024, € million)

Imports from Bolivia over time (€ million)

BOLIVIA AND THE EU GSP

Economic Impact

8%

A relatively small share of Bolivia's exports to the EU in 2024 were eligible for tariff preferences under the GSP+.

92%

Bolivia's preference utilisation rate in 2024.

94%

Share of zero-duty imports from Bolivia in 2024. Most imports are duty-free under normal EU tariffs.

Preference utilisation and export diversification

EU imports from Bolivia (€ million)

Preference utilisation (%) vs. total eligible imports (in € million)

Because most of Bolivia's exports to the EU are duty-free, the share of preference-eligible exports is small, and their value fluctuated strongly over the years. Bolivia's preference utilisation rate was relatively stable between 2013 and 2024. Overall, Bolivia makes considerable use of its preferential access to the EU market, with a preference utilisation rate of well above 80% (92% in 2024). Particularly the leading product groups - cereals/oil seeds and food preparations - make considerable use of the preferential market access.

The largest product sections under the GSP+ (€ million, 2024)

The majority of preferential imports from Bolivia under the GSP+ is accounted for by two product groups, cereals & oilseeds, and prepared foodstuffs and beverages. The value of the first category increased by 87% from 2021 to 2023, whereas imports of food preparation decreased. Preference utilisation rates for most of the important product sections are high; room for improvement exists in textiles, where the only slightly more than half of the eligible imports actually used the preferences.

SUSTAINABLE DEVELOPMENT AND MONITORING PRIORITIES

Despite significant challenges in recent years, during the last decade Bolivia has made important efforts in fighting poverty and improving access to education, health care, food, and housing. Bolivia remains committed to the 27 international conventions monitored under the current GSP+, with full ratification and mostly aligned national legislation.

Over the period 2023 to 2025, the following positive developments were noted:

  • Human rights: Improved legal framework in the field of human rights, including through a reparation law for rights violations, a law criminalising grooming and child sexual abuse material, and the prohibition of child marriage; Monitoring of human rights conditions and legal actions by the Bolivian Ombudsman’s Office, the Defensoría del Pueblo.
  • Labour rights: Training and support to reduce child labour and trafficking; decrease in the rate of child labour, although it remains at a high level.
  • Environment/Climate: Introduction of advanced policies and legislation on biodiversity and high targets on renewable energy and forest protection; 2025 climate action plan includes sectoral targets and clear indicators.
  • Governance: Support to alternative development initiatives in the context of drug policy; launch of a National Policy on Transparency and Anti-corruption in 2023, and increase in the number of prosecuted corruption cases.

Remaining issues and priorities for future engagement are:

  • Human rights: Need to reform and strengthen the judicial system, with a particular focus on prison conditions and detention practices and to reduce violence against women and girls; strengthen the protection of human rights defenders and mechanisms to consult indigenous peoples and guarantee free, prior and informed consent.
  • Labour rights: Continue the work to eliminate child labour and forced labour, including through a more effective labour inspections system; and align national laws with the ILO core conventions on Freedom of Association and Collective Bargaining.
  • Environment/Climate: Focus on good implementation of recent policy and regulatory measures, including on emission reductions, as well as the protection of biodiversity and the fight against deforestation.
  • Governance: Ensure that the legal cultivation of coca leaves is not diverted into illicit drug markets; enhance enforcement and implementation of anti-corruption policies and ensure independence of anti-corruption agencies and judiciary.

For more information about Bolivia's compliance with the GSP conventions, see the convention compliance database. Also see the factsheet on Bolivia.

Monitoring priorities during the reporting period 2024-2025

Human rights: strengthen the institutional framework

Civil and political rights: fight violence against vulnerable people

Strengthening the judicial system

Labour rights

Combating trafficking in person and forced labour

Climate change mitigation

Addressing the drug situation and diversion of coca to illicit drug markets

Combating corruption

For the reporting period 2024-2025, the EU has focussed its monitoring activities on eight priority areas. Bolivia continues to face serious challenges in protection of human rights and notably in addressing the high levels of gender-based violence, overcrowded and poor conditions in prisons, and still widespread child labour across various sectors of the economy.