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  HOME | Bolivia

Bolivia’s Exports Fall 22%

LA PAZ – Bolivian exports totaled $795.88 million by value in January, a 21.99 percent drop from a year earlier, the National Statistics Institute, or INE, reported Wednesday.

Hydrocarbons, which account for 48.4 percent of Bolivian exports, plunged 32.1 percent compared with January 2014.

Sales of natural gas, Bolivia’s main export, dropped 29.6 percent from $541.49 million to $380.7 million, the report said.

Bolivian officials had warned that the global fall in oil prices could have an impact on the country’s revenues.

While Bolivia does not export crude oil, the price of the natural gas sold to Argentina and Brazil is adjusted quarterly based on variations in oil prices.

Economy Minister Luis Arce said recently that Bolivia is better prepared than other oil and gas exporting countries to deal with the fall in prices, pointing to La Paz’s substantial international reserves and budget surplus and the more than $6 billion in public investment planned for this year.

Exports of mining products, which account for 19.9 percent of Bolivia’s sales abroad, fell 1.9 percent in January from $161.76 million to $158.57 million, while farm exports dropped 52.6 percent from $54.68 million to $25.88 million, INE said.

Exports of manufactures, representing 26.9 percent of the total, fell 6.18 percent to $214.19 million.

The report showed that imports in January were $710 million, 15.1 percent below the level of January 2014.

 

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