A global logistics service platform in China's Shanghai has seen falling volume of orders for routes to Venezuela, especially the port of La Guaira, which was damaged by the U.S. military airstrike on Jan. 3.
The aftermath of the strike has impacted trade in goods between China and Venezuela, which grew by 52.5 percent year on year to 6.4 billion U.S. dollars in 2024.
The latest data from the Shanghai-based global digital logistics platform YQN show that some exporters have suspended their plans of delivery at the port of La Guaira. And for containers that have already left China, exporters generally wanted to shift the route to the Port of Colon in Panama, or stop at a port of transshipment.
"Around 20 percent of our Latin America-related clients have called us to learn about the relevant situations in Venezuela. And most of the clients are holding a wait-and-see attitude," said an employee serving Latin America routes of the YQN.
"The order volume has indeed declined, and the relevant clients are mostly having a wait-and-see attitude. In the longer term, there will be more impacts on exports to Venezuela in terms of insurances and clauses of trade contracts," said Liu Yuanlu, expert on Latin America routes of the YQN.
U.S. airstrike on Venezuela's La Guaira port has lasting impact on trade: logistics platform
