IBOV 176,444.54 ▼ 0.62% IPSA 10,924.91 ▼ 0.77% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,340,763 ▼ 1.15% COLCAP 2,298.59 ▲ 0.07% BVL PERÚ 57,575.02 — — USD/BRL5.09▲ 0.68% USD/MXN17.53▲ 0.82% USD/CLP947.13▲ 1.23% USD/COP3,201▼ 0.81% USD/PEN3.39▼ 0.24% USD/ARS1,489▲ 0.40% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 0.15% BRENT 100.15 ▲ 6.46% WTI 91.67 ▲ 5.57% IRON ORE 161.91 — — COPPER 6.31 ▼ 2.13% GOLD 4,046 ▼ 2.45% SILVER 57.73 ▼ 3.81% SOY 1,241 ▲ 0.65% CORN 486.75 ▲ 5.36% WHEAT 694.50 ▼ 1.59% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 68.80 ▼ 0.29% PETR4 43.20 ▲ 1.46% VALE3 75.66 ▲ 0.75% ITUB4 42.42 ▼ 1.12% BBDC4 18.79 ▼ 0.95% ABEV3 15.86 ▼ 1.67% BBAS3 20.94 ▼ 0.71% B3SA3 15.64 ▼ 1.64% WEGE3 45.16 ▼ 3.38% PRIO3 61.14 ▲ 2.29% SUZB3 42.41 ▼ 0.59% RENT3 36.99 ▼ 0.40% AZZA3 17.08 ▼ 4.10% CSAN3 3.89 ▼ 0.77% RAIZ4 0.28 ▲ 3.70% PCAR3 2.85 ▲ 3.64% GMAT3 3.87 ▼ 1.02% PSSA3 55.25 ▼ 0.36% CVCB3 1.32 ▲ 3.94% POSI3 3.61 ▼ 2.43% SLCE3 13.75 ▼ 1.50% NATU3 8.61 ▼ 0.81% BRKM5 6.22 ▲ 2.47% RANI3 7.94 ▼ 0.75% CSNA3 5.35 ▼ 0.56% CMIN3 5.89 ▲ 0.86% USIM5 8.52 ▼ 1.50% GGBR4 24.26 ▲ 0.83% ENEV3 25.65 ▼ 1.23% CPFE3 46.44 ▼ 0.58% CMIG4 11.21 — 0.00% EQTL3 38.98 ▼ 0.94% LREN3 13.33 ▼ 1.55% VIVT3 34.68 ▼ 1.98% RAIL3 14.03 ▲ 2.86% KLABIN 17.68 ▼ 1.39% RAIA DROGASIL 18.20 ▼ 0.49% RDOR3 33.88 ▼ 1.77% HAPV3 10.64 ▼ 6.58% FLRY3 16.64 ▼ 0.06% SMTO3 15.81 ▼ 1.50% UGPA3 33.16 ▲ 1.01% VBBR3 35.53 ▲ 1.57% BBSE3 42.59 ▲ 0.02% BPAC11 56.11 ▼ 1.60% CURY3 29.62 ▼ 1.92% AERI3 2.03 ▼ 0.98% VIVARA 21.57 ▲ 0.09% COMPASS 25.16 ▲ 1.41% VAMOS 3.19 ▼ 1.24% SANB11 26.59 ▼ 1.34% ASAI3 8.03 ▼ 4.40% SBSP3 29.06 ▼ 0.79% WALMEX 46.80 ▼ 3.80% GMEXICO 209.34 ▼ 2.64% FEMSA 223.21 ▼ 1.99% CEMEX 21.60 ▼ 2.57% GFNORTE 190.25 ▼ 0.72% BIMBO 59.12 ▼ 1.96% TELEVISA 9.89 ▲ 0.71% AMX 23.02 ▲ 1.45% GAP 378.57 ▲ 0.49% ASUR 269.73 ▼ 1.39% OMA 227.74 ▼ 0.42% KOF 180.12 ▼ 1.39% GRUMA 272.15 ▼ 2.96% KIMBER 39.19 ▲ 0.95% SQM-B 65,549 ▲ 0.76% COPEC 6,470 ▼ 1.22% BSANTANDER 79.59 ▼ 0.33% FALABELLA 6,093 ▲ 0.84% ENELAM 84.50 ▼ 0.04% CENCOSUD 1,974 ▼ 1.78% CMPC 1,043 ▼ 2.51% BANCO CHILE 190.37 ▼ 1.62% LATAM AIR 23.58 ▼ 2.12% YPF 82,950 ▲ 0.55% GGAL 7,980 ▼ 3.57% PAMPA 5,625 — 0.00% TXAR 681.00 ▲ 1.95% ALUAR 985.00 ▲ 1.13% TGS 10,030 ▲ 1.26% CEPU 2,400 ▼ 0.46% MIRGOR 16,775 ▼ 0.89% COME 42.87 ▼ 0.63% LOMA NEGRA 3,773 ▼ 0.98% BYMA 293.00 ▼ 0.85% TELECOM ARG 4,253 ▼ 3.79% ECOPETROL 16.49 ▼ 1.23% BANCOLOMBIA 86.40 ▲ 2.06% GRUPO AVAL 4.92 ▼ 2.48% CREDICORP 389.18 ▼ 1.14% SOUTHERN COPPER 182.84 ▼ 6.47% BUENAVENTURA 31.13 ▼ 2.99% MERCADOLIBRE 1,789 ▼ 0.55% NUBANK 14.11 ▼ 2.76% XP 16.85 ▼ 2.63% PAGSEGURO 9.37 ▼ 3.15% STONE 10.86 ▼ 4.39% GLOBANT 30.15 ▼ 1.70% TECNOGLASS 43.83 ▼ 3.07% GAP AIRPORT 215.33 ▼ 1.02% ASUR 269.73 ▼ 1.39% OMA AIRPORT 104.38 ▼ 0.92% AMX ADR 26.23 ▲ 0.42% FEMSA ADR 127.36 ▼ 2.72% CEMEX ADR 12.30 ▼ 3.30% PETROBRAS ADR 19.12 ▲ 1.19% VALE ADR 14.84 ▼ 0.10% ITAU ADR 8.33 ▼ 1.77% SANTANDER BR 5.35 ▼ 1.93% AMBEV ADR 3.09 ▼ 1.75% CSN 1.07 ▼ 1.83% GERDAU 4.78 ▲ 0.10% LATAM ADR 49.82 ▼ 2.82% BTC 64,780 ▼ 2.00% ETH 1,878 ▼ 2.87% SOL 75.63 ▼ 2.92% XRP 1.10 ▼ 3.32% BNB 566.49 ▼ 0.75% ADA 0.17 ▼ 2.82% DOGE 0.07 ▼ 5.09% AVAX 6.29 ▼ 4.94% LINK 8.47 ▼ 1.78% DOT 0.82 ▼ 2.06% LTC 46.86 ▼ 0.45% BCH 210.65 ▼ 4.24% TRX 0.33 ▼ 0.58% XLM 0.18 ▼ 2.61% HBAR 0.07 ▼ 0.77% NEAR 1.89 ▲ 1.07% ATOM 1.42 ▼ 3.04% AAVE 95.60 ▼ 1.80% SELIC 14.25% EMBRAER 83.72 ▼ 0.08% EMBRAER ADR 65.94 ▼ 0.17% JBS 12.09 ▼ 1.35% JBS BDR 61.44 ▼ 0.58% MBRF3 15.81 ▼ 1.37% MBRFY 3.06 ▼ 4.08% INTER 5.41 ▼ 5.01% EGX 53,932 ▼ 0.11% USD/ZAR16.85▲ 2.76% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.82▲ 0.42% USD/CNY6.77▼ 0.05% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD1.14▼ 0.30% GBP/USD1.33▼ 0.49% SPX 7,395 ▼ 1.38% DJI 51,669 ▼ 1.05% NDX 28,389 ▼ 2.10% RUT 2,933 ▼ 0.92% TSX 35,133 ▼ 0.99% VIX 19.58 ▲ 17.67% USD/CAD1.41▼ 0.05% US10Y 4.6970 ▲ 0.86% IBOV 176,444.54 ▼ 0.62% IPSA 10,924.91 ▼ 0.77% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,340,763 ▼ 1.15% COLCAP 2,298.59 ▲ 0.07% BVL PERÚ 57,575.02 — — USD/BRL 5.09 ▲ 0.68% USD/MXN 17.53 ▲ 0.82% USD/CLP 947.13 ▲ 1.23% USD/COP 3,201 ▼ 0.81% USD/PEN 3.39 ▼ 0.24% USD/ARS 1,489 ▲ 0.40% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 0.15% BRENT 100.15 ▲ 6.46% WTI 91.67 ▲ 5.57% IRON ORE 161.91 — — COPPER 6.31 ▼ 2.13% GOLD 4,046 ▼ 2.45% SILVER 57.73 ▼ 3.81% SOY 1,241 ▲ 0.65% CORN 486.75 ▲ 5.36% WHEAT 694.50 ▼ 1.59% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 68.80 ▼ 0.29% PETR4 43.20 ▲ 1.46% VALE3 75.66 ▲ 0.75% ITUB4 42.42 ▼ 1.12% BBDC4 18.79 ▼ 0.95% ABEV3 15.86 ▼ 1.67% BBAS3 20.94 ▼ 0.71% B3SA3 15.64 ▼ 1.64% WEGE3 45.16 ▼ 3.38% PRIO3 61.14 ▲ 2.29% SUZB3 42.41 ▼ 0.59% RENT3 36.99 ▼ 0.40% AZZA3 17.08 ▼ 4.10% CSAN3 3.89 ▼ 0.77% RAIZ4 0.28 ▲ 3.70% PCAR3 2.85 ▲ 3.64% GMAT3 3.87 ▼ 1.02% PSSA3 55.25 ▼ 0.36% CVCB3 1.32 ▲ 3.94% POSI3 3.61 ▼ 2.43% SLCE3 13.75 ▼ 1.50% NATU3 8.61 ▼ 0.81% BRKM5 6.22 ▲ 2.47% RANI3 7.94 ▼ 0.75% CSNA3 5.35 ▼ 0.56% CMIN3 5.89 ▲ 0.86% USIM5 8.52 ▼ 1.50% GGBR4 24.26 ▲ 0.83% ENEV3 25.65 ▼ 1.23% CPFE3 46.44 ▼ 0.58% CMIG4 11.21 — 0.00% EQTL3 38.98 ▼ 0.94% LREN3 13.33 ▼ 1.55% VIVT3 34.68 ▼ 1.98% RAIL3 14.03 ▲ 2.86% KLABIN 17.68 ▼ 1.39% RAIA DROGASIL 18.20 ▼ 0.49% RDOR3 33.88 ▼ 1.77% HAPV3 10.64 ▼ 6.58% FLRY3 16.64 ▼ 0.06% SMTO3 15.81 ▼ 1.50% UGPA3 33.16 ▲ 1.01% VBBR3 35.53 ▲ 1.57% BBSE3 42.59 ▲ 0.02% BPAC11 56.11 ▼ 1.60% CURY3 29.62 ▼ 1.92% AERI3 2.03 ▼ 0.98% VIVARA 21.57 ▲ 0.09% COMPASS 25.16 ▲ 1.41% VAMOS 3.19 ▼ 1.24% SANB11 26.59 ▼ 1.34% ASAI3 8.03 ▼ 4.40% SBSP3 29.06 ▼ 0.79% WALMEX 46.80 ▼ 3.80% GMEXICO 209.34 ▼ 2.64% FEMSA 223.21 ▼ 1.99% CEMEX 21.60 ▼ 2.57% GFNORTE 190.25 ▼ 0.72% BIMBO 59.12 ▼ 1.96% TELEVISA 9.89 ▲ 0.71% AMX 23.02 ▲ 1.45% GAP 378.57 ▲ 0.49% ASUR 269.73 ▼ 1.39% OMA 227.74 ▼ 0.42% KOF 180.12 ▼ 1.39% GRUMA 272.15 ▼ 2.96% KIMBER 39.19 ▲ 0.95% SQM-B 65,549 ▲ 0.76% COPEC 6,470 ▼ 1.22% BSANTANDER 79.59 ▼ 0.33% FALABELLA 6,093 ▲ 0.84% ENELAM 84.50 ▼ 0.04% CENCOSUD 1,974 ▼ 1.78% CMPC 1,043 ▼ 2.51% BANCO CHILE 190.37 ▼ 1.62% LATAM AIR 23.58 ▼ 2.12% YPF 82,950 ▲ 0.55% GGAL 7,980 ▼ 3.57% PAMPA 5,625 — 0.00% TXAR 681.00 ▲ 1.95% ALUAR 985.00 ▲ 1.13% TGS 10,030 ▲ 1.26% CEPU 2,400 ▼ 0.46% MIRGOR 16,775 ▼ 0.89% COME 42.87 ▼ 0.63% LOMA NEGRA 3,773 ▼ 0.98% BYMA 293.00 ▼ 0.85% TELECOM ARG 4,253 ▼ 3.79% ECOPETROL 16.49 ▼ 1.23% BANCOLOMBIA 86.40 ▲ 2.06% GRUPO AVAL 4.92 ▼ 2.48% CREDICORP 389.18 ▼ 1.14% SOUTHERN COPPER 182.84 ▼ 6.47% BUENAVENTURA 31.13 ▼ 2.99% MERCADOLIBRE 1,789 ▼ 0.55% NUBANK 14.11 ▼ 2.76% XP 16.85 ▼ 2.63% PAGSEGURO 9.37 ▼ 3.15% STONE 10.86 ▼ 4.39% GLOBANT 30.15 ▼ 1.70% TECNOGLASS 43.83 ▼ 3.07% GAP AIRPORT 215.33 ▼ 1.02% ASUR 269.73 ▼ 1.39% OMA AIRPORT 104.38 ▼ 0.92% AMX ADR 26.23 ▲ 0.42% FEMSA ADR 127.36 ▼ 2.72% CEMEX ADR 12.30 ▼ 3.30% PETROBRAS ADR 19.12 ▲ 1.19% VALE ADR 14.84 ▼ 0.10% ITAU ADR 8.33 ▼ 1.77% SANTANDER BR 5.35 ▼ 1.93% AMBEV ADR 3.09 ▼ 1.75% CSN 1.07 ▼ 1.83% GERDAU 4.78 ▲ 0.10% LATAM ADR 49.82 ▼ 2.82% BTC 64,780 ▼ 2.00% ETH 1,878 ▼ 2.87% SOL 75.63 ▼ 2.92% XRP 1.10 ▼ 3.32% BNB 566.49 ▼ 0.75% ADA 0.17 ▼ 2.82% DOGE 0.07 ▼ 5.09% AVAX 6.29 ▼ 4.94% LINK 8.47 ▼ 1.78% DOT 0.82 ▼ 2.06% LTC 46.86 ▼ 0.45% BCH 210.65 ▼ 4.24% TRX 0.33 ▼ 0.58% XLM 0.18 ▼ 2.61% HBAR 0.07 ▼ 0.77% NEAR 1.89 ▲ 1.07% ATOM 1.42 ▼ 3.04% AAVE 95.60 ▼ 1.80% SELIC 14.25% EMBRAER 83.72 ▼ 0.08% EMBRAER ADR 65.94 ▼ 0.17% JBS 12.09 ▼ 1.35% JBS BDR 61.44 ▼ 0.58% MBRF3 15.81 ▼ 1.37% MBRFY 3.06 ▼ 4.08% INTER 5.41 ▼ 5.01% EGX 53,932 ▼ 0.11% USD/ZAR 16.85 ▲ 2.69% USD/NGN 1,366 ▼ 0.27% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.80 ▲ 0.44% USD/CNY 6.7696 ▲ 0.08% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD 1.1378 ▼ 0.27% GBP/USD 1.3315 ▼ 0.46% SPX 7,395 ▼ 1.38% DJI 51,669 ▼ 1.05% NDX 28,389 ▼ 2.10% RUT 2,933 ▼ 0.92% TSX 35,133 ▼ 0.99% VIX 19.58 ▲ 17.67% USD/CAD 1.4076 ▼ 0.04% US10Y 4.6970 ▲ 0.86%
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Thursday, July 23, 2026

Latin America Bolivia

Bolivia’s Cocaine Trade Surpasses Gas Exports, Candidate Warns in Presidential Runoff

By · August 20, 2025 · 2 min read

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Former Bolivian president and current presidential candidate Jorge “Tuto” Quiroga told Folha de S.Paulo on August 19, 2025, that Bolivia now exports more cocaine through Brazil than natural gas.

He warned that organized crime groups, including Brazil’s First Capital Command and Comando Vermelho, operate inside Bolivia and use the country as a corridor.

He proposed direct cooperation with Brazil’s Federal Police by opening joint offices in Bolivia to share intelligence and logistics. Bolivia’s coca cultivation rose to around 31,000 hectares in 2023, according to United Nations Office on Drugs and Crime data.

This represents a 4 percent increase compared to the previous year. Seizures of processed cocaine doubled in 2024 to approximately 46 tons, according to Bolivia’s Ministry of Government.

These numbers confirm a steady expansion of the drug economy, even as the country’s natural gas exports decline due to falling reserves and weak infrastructure.

Bolivia’s Cocaine Trade Surpasses Gas Exports, Candidate Warns in Presidential Runoff
Bolivia’s Cocaine Trade Surpasses Gas Exports, Candidate Warns in Presidential Runoff. (Photo Internet reproduction)
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Quiroga, 65, argues that Bolivia once relied on gas exports to sustain public finances. During Evo Morales’s presidency from 2006 to 2019, gas revenues reached about 23 percent of annual GDP, according to official economic data.

However, limited investment in pipelines and declining production have cut earnings sharply. Today, Bolivia imports fuel to meet domestic needs, while export volumes fall.

At the same time, the cocaine trade expands into Brazil, the Southern Cone, and European markets. The first round of Bolivia’s presidential election on August 17, 2025, produced no outright winner.

Quiroga, representing the center-right Free Alliance, and Rodrigo Paz, a centrist senator and former mayor, advanced to the October 19 runoff.

Both promise stronger institutions and reforms, but Quiroga places emphasis on fighting narcotrafficking and opening new markets abroad.

He said that the long-delayed Mercosur–European Union trade deal remains an illusion after 25 years of negotiation. He instead favors bilateral trade agreements with Asian countries and the United States.

He also supports free movement without passports in South America, mutual recognition of academic degrees, and expanded exchange programs. Bolivia’s economic instability frames this debate.

Inflation pressures, shortages of bread, gasoline, and dollars, and reduced state revenues dominate the campaign. Quiroga pledges to cut fiscal deficits, privatize loss-making state firms, remove taxes on dividends, and create 750,000 jobs during a five-year mandate.

The stakes extend beyond Bolivia. Brazil remains a key partner and transit country for both legal trade and cocaine flows.

Quiroga’s plan to embed Brazil’s Federal Police inside Bolivia signals a deeper level of bilateral cooperation. If implemented, this would directly affect organized crime networks operating across South America.

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