The Foreign Trade Bolivian Institute (IBCE), has released today this chart, which reflects the trade with the European Union, from 2005 – 2010 (p) and January through December 2011 (p); in millions of dollars.

where (p) stands for preliminary figures; green bars are our exports; yellow bars our imports and red & blue the balance trade. Data from the National Statistics Institute (INE) and chart made by IBCE.

Bolivia has been pushing to create markets among its political allies, while markets are elsewhere, the EU is a best example; what needs to be done now is to explore better incentives for our industries to broader this market.

For 2010, Bolivia sold to the European Union around 418 products, for a total of 677 million dollars which included: zinc, silver, Brazil nuts, tin and alcohol.

Imports from the EU totaled 3,481 products in 2010, for a total of 491 million dollars, being the main: gas turbines, tractors, industrial furnace, motor vehicles and organic bio-compost.