AVEX: Export of raw materials such as iron and aluminum rebounds
The president of the Venezuelan Association of Exporters (AVEX), Gustavo González Velutini, reported that the guild has registered increases in exports of raw materials such as iron and aluminum in their natural state. Banca y Negocios One of the main markets receiving these goods is Italy, Velutini noted, who also highlighted that Venezuela has resumed its role as a strategic supplier of refractory clay, replacing Ukraine, and mentioned the export of bases for cosmetic essences to the so-called Old Continent.
TL;DR
- Venezuelan Association of Exporters (AVEX) reports increases in exports of natural raw materials like iron and aluminum.
- Italy is a primary market for these Venezuelan exports.
- Venezuela has resumed its role as a strategic supplier of refractory clay, replacing Ukraine.
- Exports also include bases for cosmetic essences destined for Europe.
- Methanol is the leading export product, reaching 15 international destinations.
- Other significant exports include crab, shrimp, cocoa, coffee, and rum.
- Rum is exported to over 45 countries.
- Export values stabilized between $2,000 and $2,500 million dollars in the last six years, recovering from a pandemic-related decline.
- A decade ago, non-oil and non-gold exports peaked at $8,100 million dollars.