Bolivian beef exports grew 38% in 2023

Published Mar 6, 2024

Tridge summary

Bolivia saw a significant increase in beef exports in 2023, with a 38% rise in volume to 29,301.8 tons and a 6% increase in value to US$ 136 million, compared to the previous year. The majority of these exports were to China, which accounted for over 87% of both the volume and value. With domestic demand met, the Bolivian government plans to further boost the beef export quota to 37,000 tons in 2024.

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

Original content

During last year, the volume of beef exports reached 29,301.8 tons (t), which represents a growth of 38% compared to 2022, when a total of 21,249.4 t of the product was marketed. According to data from the National Institute of Statistics (INE), the value of sales of Bolivian beef also increased, this because last year the export of 29,301.8 t represented US$ 136 million, while in 2022 It reached US$ 128.4 million, an increase of 6%. This number of tons of meat exported last year reflects a new record for Bolivia, with China being the main destination with 87.3% in volume and 87% in value. Far below are Ecuador, Hong Kong (special administrative region of China), Peru and Congo. Brazil and Malaysia also acquired Bolivian beef, but in minimal quantities. Until 2018, beef exports did not exceed 4,000 tons, representing a value of more than US$14 million. Starting in August 2019, Bolivia began to steadily increase the tonnage of beef exported to the People's Republic of China. That ...

Source: Portaldelcampo