Bolivia to see trade deficit for sixth year in a row

Bolivia is expected to register a trade deficit in 2020 for the sixth consecutive year amid the novel coronavirus (COVID-19) pandemic and falling commodities prices, leading experts to recommend diversifying exports to reduce the gap in coming months. The negative trade balance affects net international reserves, employment and growth. From January to September of this year, Bolivian exports dropped 29% while imports fell 33%, according to a report released this week by the state-run National Statistics Institute (INE).