Bolivia belongs to the Latin American Economic area of the Western Civilization.
Bolivian Economy.
According to the Central Bank of Bolivia, the balance of
payments showed a surplus of 325 million dollars;
Bolivian GDP: 34,175 million dollars;
In 2009, the Bolivian Government signed a debt cancellation with the Government of Spain;
The Plurinational State of Bolivia has significant natural resources: mining and gas;
Through the Bioceanic
Logistics
Corridor, the Plurinational State of Bolivia has positioned itself as a regional distribution hub between the largest markets of the Pacific and the South Atlantic region of South America;
Nationalizations have taken place since 2006 in the hydrocarbons, mining, and telecommunications sectors; business opportunities in these areas for the foreign direct investment have become more limited;
Foreign direct investment (FDI) flows received in Bolivia were 687 million dollars, mainly in the hydrocarbons sector;
Currency: Bolivian (BOB);
Entel holds a Leadership position in both fixed and mobile telephony, as in the various telecommunications value-added services.
International Trade of Bolivia:
Total Bolivian exports products reached 4.848 million dollars FOB (28%
of the Bolivian gross domestic product);
Export flows were characterized by low levels (average of USD 1.919 million);
Total petrol exports were lower;
Regarding the non-traditional exports, their value was higher by 1.4%;
Non-traditional export products that showed increases in value were: soybean meal (52%), sugar (41%), soybean oil (31%), soya beans (23%), flour soy (20%), and coffee (5%);
Capital products imports stand for 28% of the total;
The balance of payments of Bolivia recorded an extra of 325 million dollars (Central Bank of Bolivia).
Foreign Trade flows of Bolivia with the rest of the World (data in dollars).
Trade with the MERCOSUR fell to 708 million, mainly owing to lower natural gas exports to Brazil;
With the Andean Community, there was an increase of positive balance of 158 million due primarily to the higher exports to
the Republic of Colombia and Ecuador;
With the Central American Common Market - Central American Integration System (SICA), ran an international trade deficit of 0.2 million to an extra of 2.7 million;
With the United States-Mexico-Canada Agreement (USMCA/NAFTA 2.0), the deficit augmented to 131 million due both to the decline in exports as the largest imports;
with the EU, there was an increase of 90 million (3.2 billion in 2008) by augmented exports, highlighting the positive foreign trade balance with Belgium, the Netherlands, and the UK;
With the European Free Trade Association (EFTA) augmented extra owing to augmented
to 6 million dollars extra with Switzerland;
In Asia, the positive balance of 130 million mainly explained by the
favorable balance with South Korea.
(c) EENI Global Business School (1995-2023)
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