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La Paz .- In the last three years, Asia has displaced the United States as the main market for minerals exported by Bolivia, due to better conditions and prices.
In 2017, Asia was the destination According to the Ministry of Mines and Metallurgy, 61% of Bolivian mineral exports are worth more than 2,300 million US dollars, including zinc, gold , silver, lead, tin and copper stand out.
In 1965, US purchases reached a value of 256 million US dollars, but in 2016 they amounted to 81 million US dollars and, in 2017, to the United States. $ 59 million
Up to 2014, on average 40% of Bolivia's mining exports went to the United States. In 2012, US revenues totaled $ 1,381 million, exceeding even total product sales in Asia totaling $ 1,090 million and in Europe, which reached $ 746 million, according to the same source.
In the interview with Xinhua, mining industry badyst and former mines minister Hector Cordova explained that the migration of Bolivian ore to the Asian market is mainly due to the best export conditions and prices offered in Asia compared to the United States. United States and Europe
For the expert, the recovery of mineral prices requires the mining sector to rise to the challenge of transcending its traditional extraction scheme at a modern stage, taking care of the social and environmental impacts. the environment generated by the activity
According to Córdova, private mining is still the largest producer of minerals in Bolivia with 66% of the total, cooperatives with 26% and mining The former minister said that this was mainly due to India, Japan, the United Arab Emirates, the Republic of Korea and China that offered better terms of payment for Bolivian minerals.
Three years ago, we sold gold to Switzerland and the United States, but since last year the destinations have changed, we export almost nothing to these countries. Everything is going on the Asian market. "
Minerals were Bolivia's main export product last year and accounted for 47.4% of the total, or US $ 7,846 million.
The Bolivian Deputy Minister for development Mario Flores, a productive miner in the Ministry of Mines, told Xinhua that the mining sector is the fastest growing sector in Bolivia in recent years, due to the rebound in price and the international context. [19659002secondplacefornaturalgbadalesingeneralandmarketdiversificationmainlyinAsiawheredemandhasrisenconsiderablyunlikeintheUnitedStates"(19659002)Theofficialsaidtheminingsectorwasfacingtothepricecrisiswiththepolicyofincreasingproductionandsupplyingnewmarkets
The deputy minister pointed out that Bolivia was consolidated as the third mining country. The largest in South America, after Peru and Chile, because of its high production of zinc, lead, gold, silver, copper and tin.
The consolidation of the Asian market is repeated in 2018 in the first quarter, according to the Ministry of Mines
From January to March this year, compared with the same period last year, the value of these exports rose 24%, which responds to the increase in exports of zinc, gold, antimony, In the first quarter of 2018, 68% of total exports of Bolivian minerals were requested by 14 Asian countries, including the Republic of Korea, India, Japan, China and the United Arab Emirates.
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