CARACAS, Thursday January 24, 2013 | Update
BILATERAL TRADE | According to VenAmCham

Venezuelan oil imports from the US soar 474.96% in 2011-2012

Imports of oil products climbed from USD 486 million in January-November 2011 to USD 2.79 billion in the same period of 2012. In general terms, Venezuela-US trade balance hit USD 19.78 billion, favoring Venezuela

Venezuela's oil exports totaled USD 34.49 billion in 2012, down 11.35% with respect to 2011 (USD 38.91 billion) (File photo)
Thursday January 24, 2013  01:58 PM
Venezuela's oil-related imports jumped by 474.96% in January-November 2012 as against the same period in 2011, according to data revealed by the Venezuelan-American Chamber of Trade and Industry (VenAmCham).

In 2012, Venezuela's purchases from the US stood at USD 2.79 billion, far above the figure recorded in 2011 (USD 486 billion). Imports comprised oil, oil byproducts, and related materials, the VenAmCham's report showed.

Non-oil imports soared 21.9% in January-November 2012 as well, from USD 10.75 billion in 2011 to USD 13.10 billion.

On the contrary, Venezuela's oil exports totaled USD 34.49 billion in 2012, down 11.35% with respect to 2011 (USD 38.91 billion).

Meanwhile, non-oil exports reported a slight rebound and amounted to USD 1.19 billion, 1.7% higher than USD 1.18 billion reported in 2011.

In general terms, Venezuela-US trade during January-November 2012 accounted for USD 19.7 billion, 31.42% below the figure recorded in 2011 (USD 28.85 billion) and in favor of Venezuela.

Translated by Jhean Cabrera
What goes out of the La Yaguara industrial park

María Fernanda Astudillo is a store analyst for Alimentos Polar working at the company's facilities in La Yaguara. At only 23 years of age, she has made a career in that company where she has worked for the last six years. Now, besides her responsibilities, which include overseeing shipping/receiving and warehousing of goods, she is taking part in the roundtable discussions among the other companies operating in the La Yaguara industrial park, the Government and the workers exploring possible ways of coping with the order to expropriate the land.

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fotter Estampas
fotter Estampas