Beer imports reached $11.6Mn in 2019

Beer was the main alcoholic beverage imported in 2019 with $11.6 million, according to a report by the Bolivian Institute of Foreign Trade (IBCE) with data from the National Institute of Statistics (INE). Beer imports were followed by rum (US$8 million) and whiskey (US$4.5 million).

Lithium prices fell due to oversupply

Lithium prices in the international market fell from $16,500 MT in 2018 to $10,500 MT in 2019, due to the oversupply. Despite the drop, new lithium projects in the region are developing and so is the technology for its exploitation. In Mexico, a 100,000 hectare project is being developed in Sonora, and a fund created by Bill Gates invested in Lilac Solutions, to develop sustainable methods for lithium extraction.

Tourism grew 5% in 2019

The number of international tourists in Bolivia in 2019 grew by 5% compared to 2018, according to the Instituto Nacional de Estadística (INE). In 2018, 2.12 million foreign visitors arrived in the country, while in 2019, 2.23 million visited Bolivia.

INSA reports 13,000 hectares damaged due to climate

Farmers in at least 46 municipalities reported to the Instituto Nacional de Seguro Agrario (INSA) more than 13,000 hectares of crops damaged by climatic effects such as hail, frost and flooding. For the 2019-2020 agricultural season, INSA registered 119 municipalities and more than 226,000 hectares of crops covered by the insurance. The state institution covers up to 1,000 bolivianos ($144.8) per hectare lost.