Tridge summary
Bolivia has experienced a significant growth in food exports and production in the first four months of the year, with a 11% increase in volume and a 49% increase in value compared to the same period in 2020, according to the Institute Bolivian Foreign Trade (IBCE). The country is on track to reach a production record, with an anticipated expansion of over 4% depending on weather conditions. Non-traditional food products, which account for 80% of exports, have surpassed hydrocarbon sales. Despite the pandemic, the communications, public administration services, and agriculture sectors were the only ones to show growth in 2020. The agricultural sector, which accounted for 1.34% of the country's economic activity (IGAE) growth in the first four months of the year, has the potential to grow by more than 3% if conditions are met for free exports and stimuli.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Page Seven / La Paz Although the country imports and faces food smuggling, until April 11% more was exported in volume and 49% in value compared to the same period in 2020 and production (food) increased by 1.34%, according to data from the Institute. Bolivian Foreign Trade (IBCE). This year it is anticipated that the country may reach a production record with an expansion of more than 4%, depending on the weather and other factors. Figures from the National Institute of Statistics (INE) and prepared by IBCE reveal that in four months of this year a value of 594 million dollars in food was exported, 49% more than in 2020 in value and 11% more in volume, while imports reached 164 million dollars (see graph). Sales of non-traditional products, 80% of which are food, exceed those of hydrocarbons. Among the foods that the country exports are soybean cake and oil, meats, sunflower oil, quinoa, sugar, bean flour, milk and cream, sesame seeds, coffee, peanuts, sorghum, palm hearts and ...
Source: Paginasiete
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.