Tuesday, February 24, 2015

Venezuela, Colombia trade shrinks 19.4% to reach $2.15billion in 2014


Colombia, Venezuela trade in 2014 totaled USD 2.15 billion, 19.4% below USD 2.67 billion in 2013. The numbers disseminated by the Venezuelan-Colombian Chamber of Economic Integration (Cavecol) reveal an upward trend in bilateral trade last year. Trade downsized in a 10-month term; only in two months –January and July- slight increments were reported relative to 2013. Based on Cavecol’s estimates –retrieved from the Venezuelan National Statistics Institute (INE) and the Directorate of Taxes and National Customs of Colombia (DIAN)- exports from Venezuela to Colombia thinned out 1%, from USD 421 million in 2013 to USD 416 million in 2014. In the meantime, exports from Colombia to Venezuela dived 22.8% by comparing both periods. In 2013, this indicator stood at USD 2.25 billion; last year, it accounted for USD 1.73 billion. More…

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