Banana exports are down 60%

Due to the presence of the Covid-19, the restrictions in Argentina and the lack of return cargo, national carriers prefer not to travel and take care of their health, so banana exports fell by more than 60%. The economic damage amounts to an estimated three million dollars. In 2019 banana exports fell 10% in value and 8% in volume compared to 2018. In January 2020 the figure had a 10% drop in value. In Chapare, there are 7,800 hectares of bananas, and the national banana competes with Brazilian, Paraguayan and Ecuadorian fruit.

Mining exports drop 30% and put 50,000 jobs at risk

Mineral exports fall more than 30% in 2020, due to low Chinese demand as a result of the coronavirus. The situation becomes worse by the reduction in international prices and threatens 50,000 cooperative miners who could become unemployed. Bolivian gold exports reached only $0.4 million in January 2020, the volume of minerals exported fell by 16%, and exports to China fell by 15.2%.

Sumitomo suspends operations in Bolivia

Sumitomo Corporation (OTCPK:SSUMF) temporarily suspends operations at its Minera San Cristobal silver/zinc/lead mining project in Bolivia, due to all-day or night curfews have been imposed and public transportation has been suspended. Assessment of the impact of this situation to the company’s financial result on 2019 and 2020 is ongoing.

Heavy transport drops 60% due to stagnant imports

While the Government has given free rein to the flow of foreign trade, especially exports, the same is not true of imported goods. The flow of import goods fell to 60%, leaders of both sectors reported Thursday. In January this year, foreign acquisitions reached $753 million, 15% less compared to the same period of the last administration, while the volume fell 22%, according to data from the Bolivian Institute of Foreign Trade (IBCE).

ASP-B meets 100% of foreign trade requirements in quarantine

To meet 100% of the requests from foreign trade operators and generate the conditions for Bolivian trade to develop its activities in the most usual way possible, ASP-B enabled the attention of procedures via the Internet, in its platforms: web http://siap.aspb.gob.bo and http://www.aspb.gob.bo. The requests made by the foreign trade operators, between March 23 and 24, added up to a total of 112 cargo dispatches at the port and the attention of 144 requests for the opening of port dispatches, 340 cancelled forms and the reception of 50 consultations through the online chat, and the lines enabled for customer service.

80,000 small business to benefit from debt rescheduling

The Economy Minister reported on Thursday that the economic measures adopted to mitigate the effects of the total quarantine to prevent the spread of the coronavirus would benefit 90% of the population in Bolivia. He added that the Union Bank already manages the rescheduling of debts, of at least 80,000 small producers throughout the country.