Last week, Omar Bautista, president of the Venezuelan Chamber of Automotive Parts Manufacturers (Favenpa), indicated that the country is working to recover the sector’s production capacity and restore the annual supply capacity of 100,000 units.

According to Bautista, the Venezuelan automotive market is showing signs of recovery and commercial dynamism in 2026, evidenced by the sustained sale of thousands of units and the addition of nearly 40 new vehicle brands that diversify the offerings for the Venezuelan people.

The industry leader shared this data during his participation in a radio program, where he emphasized the local commitment to achieving the stated goal by integrating the country’s talent and productive capacity.

The sales growth represents a strategic opportunity to “simultaneously strengthen assembly plants and the national parts and components industry, ensuring that commercial expansion becomes a lasting boost for Venezuela’s industrial fabric.”

During the first quarter of the year, the Venezuelan Automotive Chamber (Cavenez) reported the sale of 11,236 new cars, representing a 74.3 % increase compared to the same period in 2025.

Bautista highlighted the joint efforts of the public and private sectors to chart a course. “A path to prosperity and productive job creation,” where the automotive sector, technical working groups with the Ministry of Industries and National Production, and the Ministry of Economy, Finance, and Foreign Trade converge.

The goal is to implement policies that will “integrate local industry into supply chains, consolidating a harmonious balance that fosters economic growth and elevates Venezuelan-made manufacturing.”

M.Pino

Source: ultimasnoticas

(Reference image source: Dextar Studio on Unsplash)

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The toy sector in Venezuela is optimistically preparing for the holiday season, asserting that shipments are departing and that product availability is guaranteed. Daniela López, president of the Venezuelan Chamber of Commerce of Toys and Related Items (Cavenju), highlighted the sector’s resilience, maintaining unit sales.

The official confirmed that toy importers and distributors are fully prepared for the holiday season, with shipments on the way to meet Christmas demand.

Sales in this sector continue to grow thanks to promotions in toy stores, as well as in supermarket chains and pharmacies, allowing greater access to products.

López emphasized that Cavenju continues to collect data on the exact number of active toy stores in the country. A relevant fact is that the average selling price of a toy is $10, which provides a clear reference for consumers.

He also emphasized that the publication in the Official Gazette of the tariff requested from the Venezuelan authorities has been a significant step forward for the sector. Likewise, the chamber is collaborating with the Ministry of Industry and National Production to encourage toy manufacturing nationwide, seeking to strengthen local production.

M.Pino

Source: elaragueno

(Main reference image source: Jerry Wang on Unsplash)

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With the aim of strengthening international cooperation and promoting sustainable development, Venezuela signed an agricultural agreement with representatives from Dubai and Switzerland.

The signing was carried out through the Ministry of the Social Process of Labor (MPPPST), the Ministry of Industries and National Production (MPPIPN), and the International Center for Productive Investment (CIIP) of Venezuela.

The CIIP stated that “this agreement seeks to guarantee food security, promote sustainability, and optimize the production and marketing of grains, with a focus on innovation, market expansion, and global distribution. It will also promote the development of healthier and more affordable products for consumers.”

At this meeting, a contract was also signed for the “reactivation of a plant dedicated to the manufacture of household cleaning products, located in the state of Aragua, to guarantee the supply of these products to the Venezuelan market for the next 10 years.”

M.Pino

Source:  globovision

(Reference image source: Marta Ortigosa on Unsplash)

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