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
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.