While Venezuela poses unique challenges as an export market, opportunities are growing for food and wine exporters to enter and…
Why Venezuela
This is your chance to become a part of and shape a growing market
Population (2022) 2,957,000
Economic Growth
Experts are in agreement: the Venezuelan economy is experiencing a significant turning point and the country is poised to usher in a new period of economic growth in which foreign imports will play a major role.
The food and beverage sector is expected to attract more foreign investment. The EU is Venezuela’s fourth largest trading partner, after India, China and the USA.
Total EU-Venezuela trade accounted for € 2.9 billion in 2019, and was highest in 2012 (€11.08 billion).
Imports in food and agriculture from the USA were estimated to be up by 30% in 2021, and the UK made 14.6 million dollars (11.9 million sterling) in beverage exports to the country alone in 2022.
Venezuela is experiencing a rise in young, urban populations with disposable incomes and international tastes. Producers selling in Venezuela will be able to make the most of a growing retail sector which had a 7% increase in consumer spending in 2022. Caracas and other Venezuelan cities are once again welcoming attractive hub for investors in tourism and hospitality.
Latest News
Turkey, Olive Oil Exports Rise
The value of olive oil exports from Turkey has grown 50 percent in the 2021/22 crop year, according to figures…
Mediterranean Diet with EVOO Outperforms Low-Fat Diet for Weight Loss
Fat has long been considered the evil enemy in the human diet. Largely because it has been perceived as a causative…
Benefits of the Mediterranean Diet
The Fancy Tipple The Mediterranean diet involves a set of skills, knowledge, rituals, symbols and traditions concerning crops, harvesting, fishing, animal…
How Russia’s War Has Strengthened Venezuela’s Hand
For Washington, Venezuela is a viable alternative to Russia, because the refineries along the U.S. coast of the Gulf of…
Venezuelan economy returns to growth
Venezuela’s economy is showing signs of recovery, its president has claimed, after five years of acute economic crisis and hyperinflation. You…