Tax: up to 31%
Duties: up to 15%
Restricted items: Second-hand goods, restrictions on shipment value
Non-working days: Saturday, Sunday, and Public Holidays
Lead times: 4-5 weeks
Best Carrier option: Freight Forwarder or Courier
Prominent Languages: Spanish
The Complexities of Importing into Bolivia
Bolivia is not a country well known for its IT sector, nor is it a particularly popular import destination. Their lack of power in global trade is clear when looking at the GDP which is one of the lowest in already poor Latin America. That being said, Bolivia has seen recent advancements in its IT sector which make it a destination not to be ignored.
As local businesses and governments continue to push the development of infrastructure and increase connectivity, we may see a surge in foreign investment in Bolivia. There are several compliance requirements that should be considered when shipping into Bolivia. One particular point one must remember is the restrictions on shipment value. Shipments into Bolivia which exceed $7000 will require further documentation and permissions.
How TecEx Can Help You Import into Bolivia
TecEx has vast experience in dealing with both high and low-value imports into Bolivia. We expertly navigate import restrictions to ensure your goods are delivered safely and legally, regardless of their value. Our full DDP service covers everything from the pick-up to final delivery. TecEx’s Team of dedicated professionals is constantly investigating changes in import requirements into all 200+ of our destinations. This allows our clients to import into new or obscure destinations with absolute confidence.
Click here to learn more about what to expect when shipping into South America.
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