Venezuela buys 12.56% of Nicaragua exports
Nicaragua's global exports have increased by 11% in 2012
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.
According to inner surveys performed by the Venezuelan Association of Metallurgical and Mining Industries (AIMM), where 160 metallurgic companies were taken into consideration, 90% of the companies members of this association are "distressed because of their existence or survival in the short term," stated Manuel Eseverri, president of this association.