ESPACIO PUBLICITARIO
CARACAS, Monday June 11, 2012 | Update
 
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ECONOMY

Venezuela buys 12.56% of Nicaragua exports

Nicaragua's global exports have increased by 11% in 2012

EL UNIVERSAL
Monday June 11, 2012  10:58 AM


The United States remains the largest destination for exports from Nicaragua, followed by Venezuela and Canada. As a whole, the three countries buy more than half of all products sold by the Central American country.

Venezuela buys 12.56% of Nicaragua exports, as shown by the latest Nicaraguan statistics.

State-run Center for Exports (Cetrex) said that Nicaragua exports amounted to USD 1.19 billion in products in the first five months of this year, up 11% from USD 1.07 billion in the same period in 2011.

Between January and May, Nicaragua's exports to Venezuela totaled USD 149.4 million.

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A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.

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