El mercado venezolano en las exportaciones colombianas: dependencia de los exportadores en 2006

Abstract

"This document analyzes the recent behavior of firms exporting to Venezuela and the dependence of their revenues on sales to this destination. We use the database of foreign trade at the transaction level held by the Colombian Bureau of Statistics (Departamento Nacional de Estadística dane ) and the financial balances of firms held by the Office for Supervision of Firms (Superintendencia de Sociedades). The analysis reveals that exports to Venezuela grew substantially last year, with a high sha-re on total Colombian exports. Results at the level firm show that most of the firms exporting to Venezuela concentrate their foreign sales to this destination, but these sales do not constitute their principal source of revenues. However, a small number of firms with a high share on total exports to this country, report incomes highly dependant on sales to Venezuela. Exporters to Venezuela use to specialize themselves in serving a few number of markets, instead of diversifying destinations. This behavior deepened during the exporting boom of last years. A high proportion of firms exporting to this destination left the other markets they were attending in order to export only to Venezuela."