“All the country’s productive sectors are growing.” This was emphasized by Venezuela’s Vice President, Delcy Rodríguez, during her speech at the recent National Economic Council.

The official noted that there are three major national consensuses: “defeating the economic blockade; moving forward together to boost national production and import substitution; as well as guaranteeing the nation’s political, economic, and social peace.”

During her participation in the National Economic Council, Rodríguez offered figures demonstrating the growth of various sectors, such as “basic industries and iron, where the public sector grew 158 % and the private sector 52 %.”

She highlighted that Venezuela has a supply rate of nearly 98% in food production. Meanwhile, the pharmaceutical sector registered an increase of 27.32 %. Regarding trade, the vice president noted that it grew 7.72 % in the second quarter of 2024 compared to the first, “which translates into 1,085 new products on shelves; 7 % more than the same period in 2024.”

The tourism sector has shown a 70.84 % ​​growth compared to 2024 in international arrivals and 567 % in “social tourism, a key activity for generating foreign currency.”

M.Pino

Source: mppef

(Reference image source: Spencer Davis on Unsplash)

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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.

The Dow Jones Industrials Index, which groups 30 of the main companies in the United States, surpassed the level of 35,000 points on Monday for the first time in its almost 125 years of history, which implies a revaluation of more than 70 % from the ‘Black Monday’ of March 2020 and a gain of almost 5,000 points since Joe Biden’s victory in the US presidential elections.

Before the first hour of trading on Wall Street, the selective reached 35,034.23 points, 0.7 % above the level of Friday’s close.

So far this year, the Wall Street selective accumulates a revaluation of more than 14 % thanks to the impulse of the billionaire stimulus programs approved and the progress in vaccination campaigns, which feed the expectation of a total reopening of the economy that allows the rebound of activity in the second semester.

The Dow Jones index, which crossed the 30,000 point barrier for the first time on November 24, pulverized all the milestones in its climb, surpassing 31,000 points at the beginning of January and 32,000 at the end of February, while that in mid-March it reached 33,000 points and on April 15 it reached 34,000 for the first time.

Since Joe Biden took office as president of the United States on January 20, the Dow Jones of Industrialists grew by almost 4,000 points, compared to the increase of 10,000 integers throughout the term of Donald Trump, who found the selective at 20,000 points on January 25, 2017, a few days after officially taking over the US presidency.

K. Tovar

Source: AméricaEconomía

La entrada Dow Jones exceeds 35,000 points for the first time in its history apareció primero en Bitfinance.