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.
Around 1.5 million Venezuelans have decided to emigrate in search of a better future for their families. The figure accounts to between 4% and 6% of the overall population. Approximately 88% of these expatriates have made up their mind to emigrate over the last 15 years.