Venezuela Pumps More, Still Struggles for Food — Panjiva
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Venezuela Pumps More, Still Struggles for Food

Ags - Grains/Beans 318 Ags - Meat/Dairy 268 Brazil 415 China 3048 Colombia 74 Energy - Crude Oil 311 Energy - Refined Oil 203 Mexico 928 Trade Balance 935 U.S. 5399 Venezuela 68

Venezuela’s political and economic woes continue. Panjiva’s analysis of its trade with five partners (U.S., China, Brazil, Colombia and Mexico) showed total trade climbed 12% in September vs. August. Yet, exports are still 19% lower than a year earlier and imports are down by 58%. The growth in the month was likely driven by an 8% increase in the volume of oil shipped to the U.S. and China by PdVSA. The future for that $1.3 billion revenue stream will depend on the OPEC meeting due on November 30. In the meantime food remains critical – imports from Mexico, Colombia and Brazil fell 10% i...

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