Trade between Venezuela and Colombia grew 25.1 % in January of this year, reaching a volume of $80.2 million.

Data published by the Venezuelan-Colombian Chamber (Cavecol) shows that despite the increase, “Venezuelan exports to Colombia experienced a contraction of 7.8 %, remaining at $12.8 million.”

According to Cavecol, this situation is a result “not only of the beginning of the year, but also of the instability in terms of the environment, which is directly related to market confidence and fluidity.”

Among the Venezuelan products whose exports to Colombia grew in January are: fertilizers, iron and steel castings, aluminum and its manufactures, fuels and oils, and organic chemical products.

Regarding imports of Colombian products, a notable increase of 34.2 % was recorded in the first month of 2025, reaching a total value of $ 67.4 million.

“This reflects the high complementarity and efficiency of Venezuelan-Colombian trade in terms of nearshoring, where Colombia can broadly and quickly supply (land transportation and logistics) the demand for Venezuelan products,” indicated Cavecol.

M.Pino

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On November 12, a business meeting between the Venezuelan capital and the Chamber of Commerce of Bogotá will take place in Caracas, as announced by the president of the Venezuelan-Colombian Economic Integration Chamber (Cavecol), Luis Alberto Russián.

Under the vision of buyers, the meeting will allow addressing key issues for both cameras in trade. Russián said that “a group of buyers from Colombia for some specific sectors, so that they come one or two days and may have contact with Venezuelan businessmen who want to sell to Colombia.”

Binational trade is also part of the agenda of this event. The president of Cavecol stressed that during the first seven months of the year, said sector “had a growth of 36.5 %, compared to the same period of 2023″.

He added that it went from $445 million last year – from January to July – to about $607 million. Regarding Venezuela’s exports to Colombia, Russián reported that there has been a decrease due to problems in the production of the country.

M.Pino

Source: ultimasnoticias

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Exports from Venezuela to Colombia increased in January of this year by 107 %, according to the Venezuelan-Colombian Chamber of Economic Integration (Cavecol).

According to the organization, “binational trade reached 64.1 million dollars” in the first month of the year, compared to the 6.7 million dollars registered during the same period in 2023.

The Cavecol report indicates that of the total recorded, “400,000 dollars were exported by land through Paraguachón (Zulia), while 3.1 million dollars were exported through Táchira.”

Cavecol explained that “among the main products exported to the neighboring country are cast iron and steel (3.1 million dollars), fertilizers (3 million dollars), organic chemicals (1.4 million dollars), fuel and oils ($0.9 million) and inorganic chemicals ($0.1 million).”

M.Pino

Source: ultimasnoticias

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The Venezuelan-Colombian Economic Integration Chamber (Cavecol) published data on exports between both nations, highlighting an increase of 67 % in the period from January to June 2023.

According to this figure, between Venezuela and Colombia there was a marked growth in export activity, which “translates into 94.1 million dollars for the country, while during this same period in 2022, the figure was 56.4 million dollars.”

In the document, Cavecol highlights that “of the total registered, 17.6 million dollars were exported by land through Paraguachón and 17.2 million through Táchira. This indicates that 37 % of the operations were carried out by land.”

Five products stand out in exports between both territories: fertilizers (36.3 million dollars), organic chemical products (6.8 million dollars), fuels and oils (6.7 million dollars), aluminum and its manufactures (3 .4 million dollars) and iron and steel foundry (3.3 million dollars).

Cavecol has also dedicated a section in its report to imports, where it highlights that “the total imports from Venezuela during January-August 2023 were USD 94 million CIF (US$ 84 million FOB), increasing by 67 %. compared to imports from the same period of the previous year, when they registered USD 56 million CIF (USD 49 million FOB).”

During this period, the main products imported from Venezuela were: fertilizers (42 %), organic chemical products (8 %) and fuels (8 %).

M.Pino

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The Venezuelan-Colombian Chamber of Economic Integration (Cavecol), estimates that by the end of 2022, the commercial exchange between Colombia and Venezuela could grow by 200 % if the governments manage to re-establish formal trade on the border, once Gustavo Petro was elected as the new president of Colombia.

The president of Cavecol, Luis Alberto Russián explained that by 2021 the binational exchange closed 406 million dollars, of which 331 million corresponded to imports made from Colombia.

“In principle, we think that the commercial exchange could double to 800 million dollars of binational exchange this year 2022, but if there is a re-impulse and if there is a situation where this formal relationship is established, we could reach 1,200 million dollars”, he pointed out.

The reactivation of binational trade is a challenge for Venezuela

The president of Cavecol stressed that the possible reactivation of formal trade on the border between the Táchira and Norte de Santander, which has been closed for 7 years, represents a great challenge for the Venezuelan sectors due to the restrictions that the country.

“We are in a situation with many limitations to overcome, electric power, diesel, elements that are urgently needed to be able to attend to and overcome because the challenge of competitiveness for the Venezuelan private sectors is important within this opportunity,” Russián said.

In his opinion, one of the main challenges is to optimize the competitiveness of the Venezuelan productive sector to take advantage of the situation and achieve a greater participation in exports.

Russián explained that in 2020 the commercial exchange registered some 224 million dollars, where Colombia obtained the largest share. When comparing the first quarter of 2022 with the first quarter of 2021 “the exchange has continued to grow by 90 percent, because we jumped from a figure of 64 million to 127 million, but the highest percentage is of imports that we make from Colombia with 109 million dollars.”

M. Rodríguez

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Source: finanzasdigital.com

La entrada Trade between Colombia and Venezuela will grow 200 % apareció primero en Bitfinance.

The commercial exchange between Venezuela and Colombia was located at 192 million dollars, between the months of January to July 2021, compared to the 112 million dollars registered in 2020 during the same period, which represents an increase of 72 %, according to the data provided by the Venezuelan Colombian Chamber of Integration (Cavecol).

During the first seven months of 2021, Venezuela’s exports to Colombia increased by 208 %, registering about 37 million dollars, while in the same period last year, 12 million dollars were reported.

For its part, exports from Colombia to Venezuela increased by 55 %, obtaining about 155 million dollars. this was published by the Colombian National Administrative Department of Statistics (DANE in Spanish).

Most demanded products

Among the main products exported by Venezuela to the neighboring country, during the first seven months of 2021,  stand out: smelting, iron and steel, which reported about 14.44 million dollars; organic chemical products, that contributed with 2.64 million dollars and plastics and manufactures, which billed 1.81 million dollars.

In addition, there are inorganic chemicals, which accounted for 1.45 million dollars; aluminum and its manufactures with just 0.87 million dollars; fuels and mineral oils and their products, which registered 0.24 million dollars, as well as various products of the chemical industries.

For its part, Colombia exported plastic materials and manufactures to Venezuela, which represented some 32.68 million dollars; sugar and confectionery articles, for about 9.10 million dollars, while fuel and mineral oils and their products, that represented about 7.43 million dollars.

As for pharmaceutical products, they accounted for 7.19 million dollars; smelting, iron and steel 6.57 million dollars; electrical items recording or image equipment and equipment, equivalent to $ 5.90 million and essential oils, perfumery and cosmetics for $ 5.18 million.

M. Rodríguez

Source: primicia

La entrada Trade between Venezuela and Colombia increased by 72 % apareció primero en Bitfinance.