In the first two months of 2020, Bolivia reached a trade surplus of $61 million; exports increased by 9% over the same period of the previous year, while imports fell by 19%. The main markets for Bolivian exports were: Brazil, with a 20% share of total exports, India 13% and Argentina 12%. The leading suppliers were: China 21%, Brazil 20% and Argentina 8%. The most significant bilateral trade surplus was with India for $155 million, the most significant bilateral trade deficit was with China for $231 million.
More than 10 million Bolivians throughout the country will benefit directly and indirectly from the economic measures that will be in place during the COVID-19 (coronavirus) quarantine: A Family Basket of Bs 400 will go to more than 1.6 million families, with a total amount of Bs 430 million ($61.78 mn). A Family Bonus of Bs 500 to more than 1. 5 million children in the initial and primary cycle, with an investment of Bs 800 million ($115 mn). A relief in the payment of 50% of the water, light and gas bills that will benefit more than 2.6 million families, with an investment of Bs 490 million ($70.4 mn).
A report by Oxford Economics shows that Bolivia is the country with the most significant social and economic vulnerability to the effects of the pandemic. It places Bolivia on a scale of 7.1 out of 10, followed by other emerging economies such as Nigeria (7.0) and Peru (6.8). The research supports its analysis on three central axes: the collapse of the health system, the government system and the shock of economic activity. Each shows three subgroups, where Bolivia shows weaknesses: The first is commodity dependence, followed by a fiscal deficit and a deficient health system.
Fundempresa has registered 35,000 industries in Bolivia, and more than 30,000 are now unemployed, putting more than 106,000 jobs in Bolivia at risk. It will have an impact of 1.5 points of the industrial Gross Domestic Product. Industrialists suggest that specific credit lines for payment of payrolls should set up to reactivate consumption and that the "Bolivian purchase" should become a state policy. Generate a fund for the reactivation of industry, as is being done in other countries.
The Net International Reserves (NIR) registered 5.921 million dollars as of March 20, since the country's export apparatus was slowed down by the quarantine, as imported. The urgent needs and the level of the NIR are within the normal ranges and foreseen by the country's monetary authorities. The economic package amounting to more than 15 billion Bolivians ($2 billion), does not leave the NIR.