Exports of natural gas from Bolivia to Argentina have registered a notable increase since the last week of June, as the volume exceeds the maximum of 18 million cubic meters per day (MMm3d) established in the fourth addendum signed last March between the two countries. Gas sales to Argentina between June 25 and July 19 average approximately 19 MMm3d. The price of ca. three dollars per million BTUs is beneficial for Argentina because it is the time of highest demand.
The Covid-19 pandemic and its use in natural flu remedies caused demand to increase 500% over last year when producers reported an economic loss of 79 million Bolivians ($11.35 mn). Cochabamba is the leading honey producer in the country with 5,500 honey producers. Producers have tripled their production from 50 hives to 160. Given the success in sales of this product, there are new ventures of up to a thousand colonies.
Bolivia’s main import products, diesel and gasoline, fell by 81% in value and 82% in volume due to the quarantine in the country because of the coronavirus pandemic. According to the estimate made by Jubilee Foundation, and considering the data observed in May, it estimates that this year the TGN could reach a saving of about 300 million dollars by the internment of fuels.
This 2020 Bolivia will be marked by a high fiscal deficit that will reach 13.5% of the Gross Domestic Product (GDP) according to a report by Torino Economics.
Since the declaration of a health emergency due to the coronavirus pandemic on 17 March, the Bolivian government has released Bs 7.527 billion ($1.08 billion) in more than 20 regulations approved by decree and national laws to alleviate the health and economic crisis.