The paper talked to leading trade officials in both nations, who said Venezuela's oil exports to Cuba are now being supplemented non-oil products. Cuba is now Venezuela's number three trade partner, behind the U.S. and Colombia.
Adan Chavez, the Venezuelan ambassador to Cuba and the old brother of Venezuelan President Hugo Chavez, said in an Associated Press interview in Havana last week that Venezuela sold Cuba 90,000 barrels of crude oil in 2005 valued at $1.8 billion. He said total trade came to $2.5 billion.
In addition to petroleum products, Venezuela is exporting construction materials and supplies and an increasing volume of general consumer products, which will account for much of the expected increase in 2006.
Cuba's main export to Venezuela is medicines and medical equipment. Cuban exports to Venezuela reached $500 million in 2005, the report said.
In addition to goods and services included in trade statistics, Cuba has some 22,000 doctors and health care workers in Venezuela, the report noted.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now