1、 Scope of exhibits

Automotive and motorcycle components and systems:

Technical solutions for engines, exhaust pipes, axles, steering, brakes, tires, wheels, shock absorbers, metal parts, springs, radiators, spark plugs, assemblies, windows, bumpers, instruments, airbags, buffers, seat heating, air conditioning, electric adjusters, filters, electronics, batteries, automotive lighting, cables, wires, power cables, control units, driver assistance systems, installation components, ring bearings, gaskets, spare parts, natural gas conversion, fuel consumption, end-to-end safety, etc

Accessories:

General automotive parts; Radio, antenna, navigation system, car information system, car TV, DVD， Performance system; Improve design; Wheels, tires, foot pedals, alarm, leather seats, tachometer, audio system, bumper, etc.

Repair and maintenance:

General equipment and tools (car and engine scanners, impact wrenches, sanding machines, grinders, drills, elevators, testing and measuring equipment, and tire installations); Corrosion prevention and painting (pistol car paint, systems, equipment, ink prevention, corrosion resistance, and auxiliary); Trailer services, accident rescue mobile services, waste disposal and recycling (system equipment); Trailer cars, battery chargers, etc.

Automobile:

Lubricating oil, brake fluid, coolant, paint, adhesive, wax, cleaning glass, sachet, silicone, fuel, degreaser, additive, adhesive, glue, etc.

Management and Service:

Planning and construction services (enterprise consultant, certification, environmental protection consultant); Financial companies (finance, insurance, concept confirmation) and dealer management systems (business organization, IT, data management, new clients), etc.

mechanical equipment:

Punching machines, lathes and hydraulic stretching machine chassis, hydraulic jacks, ramp tires, assembly and disassembly tires, paint workshops, electromechanical elevators, pneumatic rail cars, alignment and steering, industrial compressors, etc

2、Composition of Visitors:

Importers and salespersons of automotive, truck, and motorcycle parts

Automotive Electrical and Electronic Workshop

Car repair and service center? Government transportation department

Factories, merchant stores, leading enterprises

Professional Seminar on Sedans and Light Trucks; ·Authorized technical service personnel

Vehicle fleets, logistics companies, and bus departments · Related associations

3、 Exhibition and Market Introduction

The 10th Venezuela International Auto, Motorcycle and Parts Exhibition will be held twice a year in the capital

Caracas CARACAS in 2024

.

The main characteristics of the automotive parts market are:

The market is mainly dominated by Japanese and American automotive component suppliers. Specifically, the most popular brands include Toyota, Nissan, Honda, Ford, General Motors, and others, whose components enjoy a good reputation in Venezuela and have a strong component supply chain.

The second-hand car market is growing, and the Venezuelan second-hand car market is an important component of the country's automotive market. Due to the economic crisis in Venezuela, the price of new cars is high, so many people choose to buy used cars. The used car market in Venezuela will continue to grow in 2023, which will drive the growth of the automotive parts market. It is estimated that the market size has reached about 1 billion US dollars, a year-on-year increase of 20%.

The Venezuelan government is taking measures to encourage the trade of automotive parts, such as reducing import tariffs and providing loans

In recent years, Chinese brand automotive parts have also begun to receive increasing attention in the Venezuelan automotive parts market. Great Wall Motors is the most popular Chinese brand in the market, with its main components including engine, gearbox, chassis, and electrical system. Geely Automobile is the second largest Chinese brand in the market, with its main components including engine, gearbox, chassis, and electrical system. Chery Automobile is the third largest Chinese brand in the market, with its main components including engine, gearbox, chassis, and electrical system. According to the data from the China Association of Automobile Manufacturers, the sales volume of Chinese cars in the Venezuelan automobile market will reach 105000 units in 2023, a year-on-year increase of 150%. Among them, the sales volume of passenger cars was 85000, a year-on-year increase of 170%; Commercial vehicle sales reached 20000 units, a year-on-year increase of 120%. With the advantage of cost-effectiveness and brand influence of Chinese automobiles, the sales proportion of Chinese automobile brands in the Venezuelan automobile market will reach 25% in 2023, becoming the second largest source country of automobile brands after the United States.

The price of automotive parts in Venezuela is usually higher than in other countries. For example, a Toyota Corolla gearbox costs about $20000 in Venezuela and about $15000 in the United States. This is mainly due to Venezuela's economic sanctions and government intervention.

The Venezuelan government's support for Chinese car brands. The Venezuelan government has always maintained an open attitude towards Chinese car brands and has taken a series of measures to encourage their development in the Venezuelan market.

Looking ahead, the market share of Chinese car brands in the Venezuelan car market is expected to further increase. With the recovery of the Venezuelan economy and the continuous development of Chinese car brands, Chinese car brands will have broader development space in the Venezuelan car market.

By attending major events such as automobile, motorcycle, and parts exhibitions, you will have the opportunity to participate in markets with enormous potential for expansion. Increase sales! By increasing your customer base, you will have the opportunity to showcase your products to thousands of potential customers and gain deep exposure to the South American market.

4、 Relations with China

Time difference: Venezuela, local time is 12 hours slower than Beijing time. Subtracting 12 hours from Beijing time is the local time in Venezuela. Venezuela time=Beijing time -12 hours

Power supply: The voltage in Venezuela is 110V, and a three pin plug is used. Domestic appliances with three pin sockets can be directly used, but if they have two pin sockets, a converter needs to be provided.

In September 2023, Xinhua News Agency issued a joint statement between the People's Republic of China and the Bolivarian Republic of Venezuela on establishing an all-weather strategic partnership, and the two sides have completed negotiations on the Mutual Promotion and Protection of Investment Agreement. Both parties agree to complete the signing and implementation of the agreement as soon as possible, in order to benefit investors from both sides as soon as possible.

Bilateral trade situation between China and Venezuela

In September 2000, China and Venezuela signed the Economic and Technological Cooperation Agreement.

On April 17, 2001, the two countries signed the Agreement between the Government of the People's Republic of China and the Government of the Bolivarian Republic of Venezuela on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Income and Property.

In September 2018, the two countries signed a memorandum of understanding to jointly build the "the Belt and Road".

On September 14, 2023, the two countries jointly announced the upgrade of their bilateral relationship to an all-weather strategic partnership.

China is Venezuela's main trading partner.

In 2022, the bilateral trade volume of goods between China and Venezuela reached 3.842 billion US dollars, a year-on-year increase of 20.6%;

From January to September 2023, the bilateral import and export volume of goods in Venezuela was 3039.1532 million US dollars, a year-on-year increase of 10%.

Potential for market development in Venezuela

1) Abundant resources: Venezuela has the world's largest oil reserves, which account for about 80% of the country's export revenue.

2) Population dividend: Venezuela's population is very young, with 91.3% of people under the age of 64 as of 2022;

3) High Internet penetration rate: as of January 2021, the Internet penetration rate in Venezuela is 72%, and 28.8% of netizens will buy online.

4) Policy incentives: In order to attract foreign investment, Venezuela has provided certain preferential policies for foreign investors in investment orientation, taxation, employment, and other aspects.

Characteristics of Venezuelan Customers

1) Venezuelan clients generally speak Spanish and few can speak English, so it is best to use a language they are familiar with when contacting them for the first time and ask if they know English. If the client knows English, then use it to contact them again.

2) They pay more attention to product quality and service life. As long as the quality is good, they are generally not too strict about the price. Therefore, how to let customers know that good product quality is of utmost importance.

5、 Previous exhibition pictures

6、 Introduction to Venezuela

The Bolivarian Republic of Venezuela, abbreviated as Venezuela, is a country located in northern South America with a land area of 916400 square kilometers.

Capital: Caracas is surrounded by mountains at an altitude of 922 meters. The climate is mild, with an average annual temperature of 21 ℃.

It borders the Caribbean Sea to the north, Colombia to the west, Brazil to the south, Guyana to the east, and its capital is Caracas. Venezuela is rich in natural resources, with mineral resources mainly including oil, natural gas, iron ore, bauxite, gold, coal, nickel, diamond, etc.? In 2019, the total population of Venezuela was 32.22 million.

Major city

CARACAS

The capital, a coastal port, and also the largest city in the country. The population is 3.22 million, with an average annual temperature of 21 ℃.

Maracaibo

The second largest city in the country, it is a world-renowned center for oil producing areas and a port for exporting oil and coffee. The output of crude oil accounts for half of the country's total, and there are industrial sectors such as petrochemicals, cement, wood processing, and food. There is an international airport. Originally a coffee export port in the Merida Mountains, it developed vigorously in 1918 with the development of oil from Lake Maracaibo. The old city retains colonial era architecture, with a quaint and elegant urban style. The appearance of the new urban area presents the style of a modern city, with wide streets and developed commerce.

Valencia

An important industrial city located in the Valencia Valley at the southern foot of the West Central Coast Mountain Range, with an altitude of less than 500 meters. The city was founded in 1555. There are industrial sectors such as automobile assembly, chemical industry, cement, papermaking, and wood processing, which together with the neighboring city of Maracay form an industrial sister city. Cotton, sugarcane and other economic crops are widely planted in the surrounding areas, making it the wealthiest agricultural region in the country. The old city preserves buildings from the Spanish colonial period, including an ancient cathedral and a history museum. The bullfighting arena here is the largest in Latin America and often hosts grand bullfighting events.

MERIDA

Located in the west, it is the capital of Merida state. Urban buildings are situated on steep cliffs and are known as the 'Roof of Venezuela'. This is a striking city in the Andes mountain region, a center of religion and education. There are small and exquisite Spanish art museums, the famous Bolivar Square, the Andean University established in 1785, ancient Spanish churches and temples, and more. The nearby mountain peaks are ski and mountaineering resorts, and Alero Village was built based on the rural areas of the Andes mountain region in the 1930s

Venezuela is a member of the Organization of the Petroleum Exporting Countries and one of the world's major oil producing countries. The oil industry is its economic lifeline, accounting for approximately 80% of Venezuela's export revenue.

On January 23, 2019, Venezuelan President Maduro announced the severance of diplomatic relations with the United States. On April 27th, Venezuela officially withdrew from the Organization of American States. In recent years, the Venezuelan government has stopped releasing and updating most macroeconomic data. In 2020, Venezuela's total GDP was 47.26 billion US dollars, with a per capita GDP of 1691 US dollars.

November 15, 2023