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Venezuela is the 62nd largest export economy in the world. In 2016, Venezuela exported $26.6B and imported $15.1B, resulting in a positive trade balance of $11.5B.

The top exports of Venezuela are Crude Petroleum ($18.2B), Refined Petroleum ($3.11B), Gold ($2.92B), Acyclic Alcohols ($305M) and Iron Ore ($301M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($1.77B), Packaged Medicaments ($716M), Corn ($414M), Soybean Meal ($326M) and Ethers ($258M).

The top export destinations of Venezuela are the United States ($10.3B), China ($4.9B), India ($4.47B), Switzerland ($2.92B) and Singapore ($1.03B). The top import origins are the United States ($5.06B), China ($2.52B), Brazil ($1.28B), Argentina ($706M) and Colombia ($613M).

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

Economic Complexity of Venezuela

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