Bolivia does not have an agrochemical production industry, so demand is being met exclusively by imports. In the last three years, smuggling these inputs has increased considerably, representing at least 30% of legal imports. Estimates indicate that this activity has an economic turnover of between $40 and $50 million annually and that, due to poor … Continue reading Up to 30% of the agrochemicals entering Bolivia come from smuggling
Up to April 2021, Bolivia recorded a trade surplus of $453 million. Exports grew 34%, and imports registered a 16% increase.
Since 2006, the State has faced more than 15 lawsuits and had to pay close to one billion dollars in compensation to the foreign companies claiming for the nationalization. Six arbitrations are still ongoing.
A Fundación Tierra report warns about expanding the agricultural frontier in Santa Cruz and the consolidation of 12.5 million hectares of soybean, livestock and other crops. The Foundation's report warns about the expansion of the agricultural frontier in Santa Cruz and the consolidation of 12.5 million hectares of soybean, livestock and other crops.
Imports of fuels and lubricants from January to April rose 116% in value and 141% in volume, compared to the same period in 2020. This large category increased from $197 million in 2020 to $427 million this year.