Bolivia breaks export record with US$8.3 billion in July 2022

As of July 2022, Bolivia reached a record in exports, the value of which reached US$8.3 billion, the highest figure in the last 30 years, according to Bolivian President Luis Arce.

“We are again breaking records in economic matters thanks to our Productive Social Community Economic Model. Up to July 2022, the value of our exports reached US$8.3 billion, the highest figure recorded in the last 30 years,” said the head of state.

Likewise, according to data from the National Institute of Statistics (INE), Bolivian mobilizations to the seventh month of 2022 showed an increase of 36%, equivalent to US$2.2 billion more than what was recorded in a similar period in 2021.

This behavior is explained by the positive variations registered by the economic activities of Agriculture, Livestock, Hunting, Forestry, and Fishing in 113%; Hydrocarbon Extraction in 36.8%; Mineral Extraction in 19%; and Manufacturing Industry in 38.9%.

Recently, the Vice Minister of Foreign Trade and Integration, Benjamín Blanco, affirmed that Bolivia is on the right track and that 2022 will be “the year of exports”, exceeding US$13 billion due to the good indicators shown by foreign trade.

With information from Portal Portuario

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error