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October 24, 2024
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Cavecol: 76% of imports from Colombia to Venezuela enter through the land border

Cavecol: 76% of imports from Colombia to Venezuela enter through the land border

Luis Alberto Russián, president of Cavecol, highlighted that 24% of imports from Colombia to Venezuela pass through the maritime border, in contrast to 60% of Venezuelan maritime exports to Colombia.


The president of the Board of Directors of the Venezuelan-Colombian Chamber of Economic Integration (Cavecol), Luis Alberto Russián, explained that 76% of imports from Colombia to Venezuela are made through the land border.

Most of these transactions are carried out through the Paraguachón border crossing.

«Of the imports we make from Colombia, which total about 525 million dollars, at least 76% pass through the border, and to a greater extent through Paraguachón»Russián said in statements to Union Radio.

Meanwhile, the panorama of Venezuelan exports to Colombia is different: 60% of Venezuelan products destined for Colombia are transported by sea, while the remaining 40% cross land borders, he commented.

Russián also stressed the importance of strengthening these trade routes to optimize bilateral economic relations.

Previously, the Cavecol representative specified that exports from Venezuela to Colombia had reduced by 4.5% between January and July 2024, standing at 81.9 million dollars, when the figure for 2023 was 85.7 million dollars.

With data from Union Radio.

*Read also: Participation of private companies in the electrical system requires reforming the law of the sector


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