Bolivia Navigates Decline in Traditional Export Sectors

INSUBCONTINENT EXCLUSIVE:
compared to the previous year.The Bolivian Foreign Trade Institute (IBCE) provided these figures
reported non-traditional exports still brought in over $2 billion
less foreign currency
This currency is crucial for buying imports and paying international debts.As per the data, exports till August reached $7.422 billion
Domestically, unexpected roadblocks disrupt transport.Internationally, inflation, price falls, and higher shipping costs create hurdles
Additionally, a prolonged border blockade with Peru has stifled trade flows, he added.BackgroundHistorically, Bolivia has relied on exports
for economic stability
Infrastructure issues and political instability have often disrupted its export routes.Global market shifts, like the 2008 financial crisis,
also hit Bolivia hard