Bolivia: Exports at their highest level and report a surplus

Published 2021년 6월 24일

Tridge summary

Bolivia's trade surplus reached $638 million in May, a significant increase from the $29 million deficit of the previous year, with exports hitting a seven-year high. The country saw a 23% rise in the volume of its main exports and a 61% increase in the value and 19% rise in volume of non-traditional exports, which now contribute 26% to the total. These non-traditional exports, including soy and derivatives, jewelry, chestnut, sunflower, meat, wood, bananas, milk, leather, and coffee, are key to helping the country overcome its crisis and generate thousands of jobs, particularly in the timber sector and through the use of agrobiotechnology.

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Original content

Page Seven / La Paz As of May, the country registered a trade surplus of 638 million dollars and exports reached their highest level in seven years, informed the manager of the Bolivian Institute of Foreign Trade (IBCE), Gary Rodríguez. Last year in a similar period a trade deficit of 29 million dollars was reported. Exports to May, with 3.994 million dollars, reached their highest level in the last seven years; imports totaled 3,356 million dollars. The improvement is not only attributable to the increase in the prices of the main exported goods, but also to the 23% rise in their volume. Something that must be highlighted is that non-traditional exports (NCDs) increase their contribution to 26% of the total, surpassing hydrocarbons; NCDs are at their best, with new records, even surpassing the sales of the boom era, Rodríguez said. According to the IBCE manager, these exports are the ones that can help the country to overcome the crisis, generate ...

Source: Paginasiete