October 10, 2022, 17:15 PM
October 10, 2022, 17:15 PM
The numbers favor foreign trade. In the eighth month of the year, heBolivian exports reached US$9,456 million; while the country’s imports reached $8,354 millionaccording to a report by the Bolivian Institute of Foreign Trade (IBCE), based on data from the National Institute of Statistics (INE).
“Bolivian exports reached 9,456 million dollars between January and August 2022, for the sale of more than 10 million tons, registering a growth of 35% in value and 4% in volume”, indicates the IBCE report.
According to data from that institution, the hydrocarbon sector recorded a 37% growth in the value of its exportsreaching US$ 2,120 million as of August 2022.
On the other hand, foreign sales of minerals registered 23% increase in value to reach $us 4,483 million.
As for non-traditional exports, which have a 30% share of the total sold to the foreign market, they increased by 58% in value; that is to say that, as of the eighth month of this year, they reached $2,851 million.
In the list of non-traditional exported products are: soybeans and derivatives, chestnuts, sunflowers and derivatives, beef, jewelry, wood and manufactures, sugar, ethyl alcohol, quinoa, bananas, milk, leather and manufactures, beans, sesame, textile confections , chia, coffee and hearts of palm.
Between January and August 2022, Bolivian imports reached $8,354 million46% more compared to the same period last year, while volume rose 15%.
About 52% of foreign purchases were represented by capital goods, industrial supplies and transportation equipment. The category of fuels and lubricants rose 166% in value and 50% in volume.
In August, according to a report from the ABI agency, the Vice Minister of Foreign Trade and Integration, Benjamín Blanco, stated that Bolivia forecasts to exceed $13 billion in exports this year due to the “good indicators shown by foreign trade.”
The country is on the right track and this 2022 will be “the year of exports”, held.
