Venezuela

$63B

Exports 51st of 220
1980
2014

$36.6B

Imports 60th of 220
1980
2014

Venezuela is the 51st largest export economy in the world. In 2014, Venezuela exported $63B and imported $36.6B, resulting in a positive trade balance of $26.3B.

The top exports of Venezuela are Crude Petroleum ($47.8B), Refined Petroleum ($10.9B), Acyclic Alcohols ($606M), Gold ($580M) and Petroleum Coke ($425M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($2.94B), Packaged Medicaments ($1.71B), Frozen Bovine Meat ($1.07B), Concentrated Milk ($776M) and Corn ($726M).

The top export destinations of Venezuela are the United States ($27.5B), India ($11.7B), China ($10.1B), Singapore ($3.86B) and Spain ($1.55B). The top import origins are the United States ($10.1B), China ($5.62B), Brazil ($4.63B), Argentina ($1.98B) and Colombia ($1.88B).

Venezuela borders Brazil, Colombia and Guyana by land and Trinidad and Tobago by sea.

Economic Complexity of Venezuela

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