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Venezuela is the 57th largest export economy in the world. In 2015, Venezuela exported $34.3B and imported $27.5B, resulting in a positive trade balance of $6.82B.

The top exports of Venezuela are Crude Petroleum ($24.9B), Refined Petroleum ($5.57B), Gold ($916M), Acyclic Alcohols ($451M) and Petroleum Coke ($336M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($2.3B), Packaged Medicaments ($1.38B), Concentrated Milk ($900M), Cars ($674M) and Frozen Bovine Meat ($673M).

The top export destinations of Venezuela are the United States ($14.6B), China ($6.07B), India ($5.82B), Singapore ($1.61B) and Switzerland ($887M). The top import origins are the United States ($8.07B), China ($5.31B), Brazil ($2.99B), Argentina ($1.37B) and Mexico ($1.22B).

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

Economic Complexity of Venezuela

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