Day: Jan 24, 2020

Minerals consolidate as the main export product

According to data from the Bolivian Institute of Foreign Trade (IBCE), until November last year gold exports reached a value of $ 1,542 million and zinc to $ 1,214 million, both concentrating 47% of mineral commodities, with a total amount of $ 3,787 million. Exports of hydrocarbons (natural gas, gasoline and LPG) totalled $ 2,593 million, 32% of Bolivian exports. As of November, traditional and non-traditional exports reached a value of $ 7,991 million, down 4% than in the same period of 2018.

Bulo Bulo Ammonia and Urea plant is paralyzed

Herland Soliz, executive chairman of Bolivian Fiscal Oilfields (YPFB), reported on Thursday that there is a urea “overstock” at the Urea and Ammonia Plant, without giving figures. Faced with this situation, they decided to stop the production of fertilizer. Bolivia currently produces 54 million cubic meters of gas per day(mm3/d). 13mm3/d meet domestic demand, 30 mm3/d are delivered to Brazil and between 10 and 12 mm3/d to Argentina. Using the urea plant requires volumes of gas to produce fertilizer that has no optimal sales prices. The Plant has been paralyzed for two months and has no date to resume its activities.

Government withdraws veto on imports of Peruvian vegetables

Peru and Bolivia on Thursday signed an agreement ending the trade conflict over imports and exports of agricultural products between the two countries. Among the points agreed by both countries are the restitution of phytosanitary permits and border inspections. According to data from the Agricultural Chamber of the East (CAO), about 30% of oleaginous production goes to Peru. According to the Bolivian Institute of Foreign Trade (IBCE), Peru places in the Bolivian market about 2,000 products, but the country only sells 150. This imbalance generated a trade deficit of more than $ 1 billion for Bolivia over the past six years. Peru pledged to open its market to more Bolivian products.