Bolivia registers surplus of US$468 million in March 2022

RIO DE JANEIRO, BRAZIL – Bolivia’s National Institute of Statistics (INE), in March 2022, recorded a Bolivian trade balance with a surplus of US$468 million, higher than the amount recorded in the same period of 2021 when it reached US$353 million.

In line with the above, the Bolivian economy would be profiled for the second consecutive year with positive margins, which would point to the continuity of Bolivia’s economic dynamism thanks to the fact that, so far this year, a growth of 33% has been recorded, according to the Vice Minister of Treasury and Public Credit, Sergio Cusicanqui.

Under this context, the authority commented that “within the trade balance, after many years of deficit, in 2021 we have achieved a surplus of US$1.46 billion; such surplus means that the country is exporting products again and has started to export new ones, such as urea, which in the first four months of the year reached US$100 million”.

Attending again to the INE report, what concerns exports indicates that, in March 2022, they totaled an increase of 31%, having reached USD 3,068 million, higher by US$725 million than that recorded in 2021.

Finally, imports in 2022 presented an increase of 31%, reaching US$2.6 billion, higher by US$610 million than in the same period of the previous year.

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