Supply Chain Research

Venezuela’s exports probably increased on a year earlier for the first time since August 2014, with a 19% increase in shipments to five countries analyzed by Panjiva. This was the result of increased oil shipments to the U.S. and China, which climbed 56% on a month earlier. On a two month average basis this may have been due to a 10% rise in volumes combined with rising prices. Imports likely increased 2% vs. October. Yet, when adjusting for a 179% jump in refined oil product shipments from the U.S. the imports of food, consumer goods and capital equipment probably fell by around 5%.