China is Bolivia’s main bilateral creditor with $1.04 billion

China is Bolivia’s main bilateral creditor, and the pre-pandemic debt balance was $1.04 billion, just below international organizations such as the Inter-American Development Bank (IDB) and CAF-Latin American Development Bank. Bolivia’s close relationship with China is also a trade issue. According to data from the Bolivian Institute of Foreign Trade (IBCE), as of July 2020, Bolivia exhibits a negative trade balance of $734 million with the Asian country. The main exported products are minerals, wood and beef; so far this year, about $141 million in products were exported, and $875 million in Chinese articles imported.

Source: El Deber