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    Home > Food News > Food Articles > Bolivia's foreign trade recovers, minerals and meat lead export growth

    Bolivia's foreign trade recovers, minerals and meat lead export growth

    • Last Update: 2021-10-19
    • Source: Internet
    • Author: User
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    Despite the decline at one time due to the outbreak of the new crown pneumonia epidemic , Bolivia’s meat and mineral exports are currently growing at an extraordinary rate
    .
     
    Bolivia’s “Opinión” reported on October 7 that according to Gary Rodríguez, head of the Bolivian Institute of Foreign Trade Has grown
    .
    From January to August this year, national exports totaled US$7 billion, an increase of 65% over the same period in 2020
    .
     
    According to Rodriguez, in the traditional export sector, the mining industry is expanding in an “extraordinary” way after experiencing a “brutal recession” and has become the fastest-growing export sector this year
    .
    From January to August this year, Bolivia’s mineral exports rose 113% year-on-year
    .
     
    Rodriguez believes that Bolivia has the conditions to become a major exporter because of "the world's desire for food
    .
    " Take beef as an example.
    In 2005, Bolivian beef exports were only 1,000 tons, and last year they set an export record of 16,000 tons (70 million US dollars)
    .
    This record will be broken this year.
    As of August, Bolivia has exported 15,000 tons of beef, and the amount has reached 75 million US dollars
    .
    Rodríguez pointed out that other food sectors in Bolivia should emulate the successful experience of beef exports and promote pork, chicken and Andean specialty food crops to overseas markets
    .
     
      In addition, IBCE data shows that from January to August this year, Bolivia's exports of hydrocarbons (fuels) increased by 11% year-on-year, soybeans and chestnut exports increased by US$400 million and US$30 million, respectively.
    Milk, coffee, wood, cane sugar, Exports of leather and textiles have also recovered
    .
     
      However, during the same period, exports of quinoa, alcohol, palm heart and cocoa declined
    .
    Rodríguez explained that Peru beat Bolivia in terms of quinoa production and export
    .
    The decline in exports of alcohol and cocoa may be related to the increase in domestic consumption
    .
    Outbreak meat exports
     
      Bolivia’s “Opinión” reported on October 7 that according to Gary Rodríguez, head of the Bolivian Institute of Foreign Trade Has grown
    .
    From January to August this year, national exports totaled US$7 billion, an increase of 65% over the same period in 2020
    .
     
      According to Rodriguez, in the traditional export sector, the mining industry is expanding in an “extraordinary” way after experiencing a “brutal recession” and has become the fastest-growing export sector this year
    .
    From January to August this year, Bolivia’s mineral exports rose 113% year-on-year
    .
     
      Rodriguez believes that Bolivia has the conditions to become a major exporter because of "the world's desire for food
    .
    " Take beef as an example.
    In 2005, Bolivian beef exports were only 1,000 tons, and last year they set an export record of 16,000 tons (70 million US dollars)
    .
    This record will be broken this year.
    As of August, Bolivia has exported 15,000 tons of beef, and the amount has reached 75 million US dollars
    .
    Rodríguez pointed out that other food sectors in Bolivia should emulate the successful experience of beef exports and promote pork, chicken and Andean specialty food crops to overseas markets
    .
     
      In addition, IBCE data shows that from January to August this year, Bolivia's exports of hydrocarbons (fuels) increased by 11% year-on-year, soybeans and chestnut exports increased by US$400 million and US$30 million, respectively.
    Milk, coffee, wood, cane sugar, Exports of leather and textiles have also recovered
    .
     
      However, during the same period, exports of quinoa, alcohol, palm heart and cocoa declined
    .
    Rodríguez explained that Peru beat Bolivia in terms of quinoa production and export
    .
    The decline in exports of alcohol and cocoa may be related to the increase in domestic consumption
    .
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