Day: Jul 8, 2020

Flights decreased 85%, and Sabsa stopped receiving 11.32 mn

Between January and June, flights at the country’s three primary airports fell by 85% due to the pandemic, which is why Servicios Aeroportuarios Bolivianos (Sabsa) lost 78.5 million Bolivians ($11.32 million). It expects that until the end of the year, work will be 50% less than the period before the pandemic and until March 2021 operations will reach 80% of the level before COVID-19.

Banana exports fall 50%

Banana exports were reduced by 50% due to low demand in the Argentine market, which is the leading buyer of the product. The payments for the product exported are delayed between 30 and 60 days, due to restrictions to buy dollars in Argentina. Source: Los Tiempos

Exports between January-May 2020 suffered a year-on-year fall of 24% in value and 6% in volume

Exports in the January-May quarter fell by 24% in value and 6% in volume compared to 2019. Hydrocarbon exports fell 9 per cent in value, despite a 3 per cent increase in volume. Minerals fell 36% in value and 44 per cent in size. Despite the fall, there are products whose export value grew, such as beef (191%), sugar (63%), sunflower and derivatives (88%) and ethyl alcohol (29%).

Heavy transport slowly recovering to 200 trucks per day

From the second week of March until mid-June, the flow of trucks crossing the border with Chile fell, on average, from 350 to 70 per day. In the last two weeks of June and so far this month, the number of trucks climbed to 200 due to the resumption of foreign trade in sugar, soybean and oilseed derivatives, such as soybean flour and cake, and crude, vegetable and sunflower oil. The crisis and substantial sanitary restrictions in Chile condition the mobilization of import goods.

Remittances grew by 72% compared to April

According to data from the Central Bank of Bolivia (BCB), shipments grew by 72% compared to April. The increase is significant if we take into account that during the first quarter of this year, the flow of these resources fell to 27.85%. The recovery is due to the relaxation of the isolation measures, in the countries where the most significant amount of resources arrive: Spain and the United States. Up to 40% of remittances come from Spain, while 21% of transfers come from the United States.