Exports to Venezuela grew 32.9 percent. - Sectors

Exports to Venezuela grew 32.9 percent. – Sectors – Economy

Mitchell G. Patton3 years ago

Between January and March 2023 exports to Venezuela reached 144.9 million dollars, an increase of 32.9 percent compared to the same quarter of 2022.

Of the total sales made, 94.1 percent corresponded to non-mining-energy goods and counting only the land border, trade between the two countries reached 83.9 million dollars.

(Also read: Petro criticizes the management of key public entities for the energy transition)

Among the most outstanding products of exports to Venezuela candies and candies are found, which have an 8.3 percent share, the largest within the export basket. Compared to the previous year, their exports increased 26.1 percent.

(You might be interested: One of the best-selling cars in Colombia says goodbye: these are some alternatives)

The presidents of Colombia and Venezuela are meeting at this time in Caracas.

Photo:

Presidency of the Republic

Although mineral bonds did not add to exports between January and March of last year, in 2023 they contributed US$ 6.4 million; palm oil and its fractions had an increase of 47.4 percent and premixes for animal feed that increased 5,468 percent.

Others that reported increases in exports were confectionery without cocoa, with 211.4 percent; wheat flour, with 481.9 percent; and cookies and salads, with 942.1 percent and 117.7 percent, respectively.

(Other news: ‘Energy transition is in intensive care,’ companies tell Petro)

Luis Felipe Quintero, Vice Minister of Foreign Trade

We continue to advance in the reestablishment of economic, commercial and diplomatic relations with Venezuela.

“We continue to advance in the reestablishment of economic, commercial and diplomatic relations with Venezuela. We have carried out joint and articulated work with the Government of that country, as well as with the authorities on both sides of the border. Today it ranks as the sixth destination for our non-mining exports, a year ago it was number 13. Its participation in this basket went from 2 percent to 2.8 percent,” said the Vice Minister of Foreign Trade, Luis Felipe Quintero Suarez.

(We recommend: The changes proposed by the labor ‘counter-reform’)