Venezuela

-0.66

Econ Complexity 85th of 126
1980
2017

$27.8B

Exports 65th of 221
1980
2017

$9.1B

Imports 97th of 221
1980
2017
Looking for commercial partners in Venezuela? List your company on Macro Market.
Looking for commercial partners in Venezuela? List your company on Macro Market.

Venezuela is the 65th largest export economy in the world and the 85th most complex economy according to the Economic Complexity Index (ECI). In 2017, Venezuela exported $27.8B and imported $9.1B, resulting in a positive trade balance of $18.7B.

The top exports of Venezuela are Crude Petroleum ($22.2B), Refined Petroleum ($2.86B), Acyclic Alcohols ($456M), Iron Reductions ($305M) and Iron Ore ($280M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($1.97B), Corn ($377M), Wheat ($248M), Ethers ($168M) and Rice ($164M).

The top export destinations of Venezuela are the United States ($11.6B), China ($6.42B), India ($5.25B), Singapore ($1.25B) and Spain ($390M). The top import origins are the United States ($3.45B), China ($1.65B), Mexico ($1.08B), Brazil ($469M) and Colombia ($318M).

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

Economic Complexity of Venezuela

More on Venezuela from our other sites