Bolivia's beef exports increased by 249.4% in the first 10 months of the opening of the Chinese market

Published 2020년 12월 9일

Tridge summary

From January to October 2020, Bolivia experienced a significant increase in beef exports, with a 249.4% year-on-year rise compared to the same period in 2019, totaling 12,300 tons. China was the primary market, importing 82.7% of this beef, followed by Peru and Ecuador with 10.4% and 5.5%, respectively. This surge is largely due to the bolition of barriers to Bolivian beef exports to China in 2019, resulting in exports to China reaching 1,167 tons by the end of 2019 and showing steady growth thereafter. With expectations of further growth, the exports are on track to reach 13,000 tons in 2020 and 15,000 tons in 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to official data published on the official website of the National Bureau of Statistics of Bolivia (INE), from January to October 2020, the cumulative export volume of Bolivian beef increased by 249.4% year-on-year, of which China’s imports accounted for 82.7%, making it the largest buyer of Bolivian beef. Bolivia’s “Reason” reported on December 6 that from January to October this year, the cumulative export volume of Bolivian beef was 12,300 tons, an increase of 249.4% from the same period last year (3,533 tons). Peru is the second largest buyer of Bolivian beef , Imports accounted for 10.4%; Ecuador is the third largest buyer, with imports accounting for 5.5%; followed by the Republic of Congo (1.2%) and Vietnam (0.2%). INE data shows that in the past 5 years Among them, the average annual export volume of Bolivian beef is only 3,379 tons, of which 2019 is the most active year, the export volume reached 5,144 tons, mainly due to the opening of the Chinese market. Since ...

Source: Foodmate