Bolivian nontraditional exports fall 33% in value

Ismael Luna reports for El Dia:

Exports in the month of August

Nontraditional fall 33% in value

Data. Volume sales were down 15%, according to the IBCE based on the INE report.

Screen Shot 2015-10-01 at 10.04.02 AMExports of non-traditional products as of August 2015, both in agriculture with manufacturing industry as a whole were down 33% in value and 15% by volume. It is the interpretation by the Bolivian Institute of Foreign Trade (IBCE) based on the August report by the National Statistics Institute (INE).

It also notes that in the period January-August 2015 exports of Bolivia recorded a decrease of 32%, ie $2,892 million dollars, while volume fell slightly by 4% compared to the same period of the previous year. “All sectors showed losses, mainly hydrocarbons (-38%), only with natural gas, the country failed to receive more than $1,500 million dollars,” says Jimena Leon, an expert on the subject of IBCE.

In the analysis of the topic. According to the Chamber of Exporters of Santa Cruz (Cadex), exports of soybeans and soy products reduced their foreign sales in $169 million dollars. “All productive sectors are affected by the reduction of export revenues directly,” said a statement.

For his part, economist and trade expert, Rafael Riva said that by the end of this year, the reduction of income from exports will be around $3,800 million dollars.

“We need a coordinated effort between the public and private sectors to protect the domestic market against the entry of products from neighboring countries who do often without any control,” he said.

For his part, Luis Fernando Barbery, president of the Federation of Private Enterprises of Santa Cruz, said that for the cruceño productive sector the situation puts them in peril. “Sales have dropped, of course the availability of resources to meet obligations of producers is put at risk. We hope the government will be effective in controlling smuggling,” he concluded.

The causes which experts see as troubling

Coin. The constant currency devaluation in neighboring countries, particularly Brazil, has meant that export volumes went down by 15% in non-traditional.

Smuggling. It is considered as disastrous, which is still uncontrollable and is damaging the domestic production.

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