Natural gas exports fell by 28 per cent in 2020 due to the drop in hydrocarbon prices caused by the Covid-19 pandemic. According to data from the Bolivian Institute of Foreign Trade (IBCE), between January and November 2020 the country received $1.86 billion for the export of 8.28 million kilos of hydrocarbons. The value is 29% of the $2.6 billion received in 2019 for the export of 8.35 million kilos. In this context, the export outlook is uncertain for 2021, given the resurgence of the disease.
In December 2020, the Consumer Price Index (CPI) recorded a positive change of 0.22 per cent compared to November, while the cumulative 1-month change was 0.67 per cent. The incremental change was mainly due to higher prices in health and education.
With international soybean prices at over $500 per ton, the Association of Oilseed and Wheat Producers (Anapo), sees favourable prospects for producers and the opportunity to get a fair price for their production, $420 per ton in Santa Cruz. Anapo estimates that the country can generate about $1.2 billion in exports of value-added products such as soybean oil and cake, representing a 50% increase over the value of exports in recent years.
Since the first addendum signed with Integración Energética Argentina SA (Ieasa, formerly Enarsa Argentina) in March 2010, gas sales to that country have fallen by up to 45%. According to the contract signed in 2006, Bolivia should export at least 23.5 billion cubic metres this year; however, with the fifth addendum, the volume of shipments reduced to 13.8 billion cubic metres.
The government paid the Doppelmayr company a debt of $22.2 million and the Austrian firm withdrew the arbitration case it had filed against the state-owned company Mi Teleférico.