December 22, 2024, 9:13 PM
December 22, 2024, 9:13 PM
The Bolivian Forestry Chamber (CFB), highlighted a positive performance in the forestry trade balance as of September 2024with results that “predict a favorable end of the year for the timber industry, expecting to close with around $90 million in exports.”
According to forestry statistics, as of September, based on preliminary data from the National Statistics Institute (INE), Exports grew by 15.2% compared to the same period in 2023reaching a total of $us 71.8 million, compared to the $us 62.3 million registered between January and September of the previous year.
Pedro Colanzipresident of the Bolivian Forestry Chamber (CFB), explained that these results are due to a 26.2% decrease in imports, with a total value of $us 32.2 million compared to $us 43.6 million for the same period in 2023.
“These data reflect the resilience of the sector, which despite the national and international economic challengeshas managed to maintain a positive trade balance,” Colanzi explained.
China continues to be the main destination for exportswith an increase of 55% compared to the same period in 2023, representing an income of $us 23.2 million.
The United States follows, with an increase of 14% equivalent to $us 16.8 million and Brazil, which registered a growth of 65.7%, reaching $us 4.3 million.
The most exported wood products are those processed as; floors, moldings, doors, windows, furniture, boards and sheets that represent 63.5%, followed by semi-finished products that constitute 36.5% of all exports.
“Despite national and international economic complexities, Bolivian forestry exports have exceeded initial expectations, showing sustained growth during 2024, Colanzi stated.
As to Imports continue to decline. This is due, among other factors, to the shortage of foreign currency in the country.
Brazil occupies first place as the origin of forestry imports with a total of $us 22 million, although with a decrease of 28.8%, followed by China with a decrease of 13.1%, equivalent to $us 4 million.
“In the remainder of the year, We maintain a small but responsible optimism. If the positive curve continues, it would benefit the country in terms of job creation, economy and sustainable use of resources,” Colanzi pointed out.
