Venezuela's car purchases from China at USD 52 million in 2012
Venezuela's National Statistics Institute said China is Venezuela's main automobile supplier
Consequently, national production has declined over the last four years and traditional brands have disappeared amid import restrictions while new actors are gaining ground.
Data from the National Statistics Institute (INE) reveals that China has become Venezuela's main automobile supplier.
Only during the first half, China sold Venezuela USD 52.7 million in transport vehicles, that is, 33.805% above the figure recorded during the same period in 2011. From January through June, 2011, China exported to Venezuela USD 155,621 in regular vehicles.
So far this year, China's car exports to Venezuela have grown 53% as USD 34 million in sales was recorded in 2011.
Translated by Jhean Cabrera
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.