Supply Chain Research

Venezuela’s fifth new foreign exchange system in four years comes as its trade balance has expanded. Panjiva analysis of five countries’ trade with Venezuela shows its exports climbed 75% on a year earlier in March, while imports dropped 31%. As a result its trade surplus jumped to $1.22 billion, the highest since May 2014. That was the result of a 16% rise in oil exports to the U.S. and China in the two months to March 31 vs. a month earlier. Prices declined, suggesting oil volumes shipped increased despite OPEC production cuts. A basket of food imports from Brazil, Colombia and Mexico ...