INSUBCONTINENT EXCLUSIVE:
percent.The National Institute of Statistics (INE) released these concerning figures recently
Economists and the INE attribute this decline to a mix of adverse factors.Natural phenomena have affected productivity, while road blockades
have disrupted transportation.International price volatility and a shortage of foreign currency have further strained the economy
Bolivian exports reached $6.02 billion in the first eight months of 2024.This figure is $1.48 billion lower than the same period in 2023
The nearly 20 percent decrease represents a significant reduction in foreign currency inflow.Economic Challenges: Bolivia Faces 19.7% Export
of prolonged road blockades and the climate crisis on production
He noted that the adverse international context has also deeply affected exports.Imports paint an equally gloomy picture, falling from $7.44
billion in 2023 to $6.39 billion in 2024
The 14 percent reduction reflects the challenging economic landscape Bolivia currently faces.Economic Challenges: Bolivia Faces 19.7% Export
Bank official, commented on the trade deficit
blockades and natural phenomena have significantly impacted exportable food production
He also noted the fall in international prices for key products like natural gas and minerals.The early termination of the natural gas
export contract with Argentina poses another challenge
Mineral exports increased by 11.4 percent, reaching $1.96 billion by August.Experts agree that coordinated action between the government and
