Exporting to Venezuela

Venezuela Export Guide | Trade Finance Global

Exporting to Venezuela

The petroleum industry is the most dominant player in Venezuela’s economy and it delivers around 40% of the government’s income as well as over 90% of export earnings.
The country’s top exports would include crude petroleum (around $130 billion), refined petroleum (at $10 billion), acyclic alcohols ($710 million), petroleum coke ($430 million) and iron reductions ($381 million).

Apart from its petroleum industry, Venezuela’s manufacturing sector is also plays a major role in the country’s economy. It contributes 17% of the Gross Domestic Product 9GDP). Manufacturing firms situated around Ciudad Guayana produce and exports heavy industry products such as cement and steel.

Venezuela’s agriculture sectors also enable it to export agricultural goods such as crops, fish, coffee, pork and beef. This sector meanwhile accounts for around 3% of the country’s GDP.
The United States has been Venezuela’s most important partner in trade as the latter remains to be one of the top suppliers of foreign oil to the United States. In addition, the top export destinations of Venezuela goods are the North America and Central America ($30 billion), the United States ($29 billion), Asia ($28 billion) and India ($13 billion).

Exporting to Venezuela? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 12.4500 VEF
=
12.4500 VEF
Venezuelan Bolivar
1.00 VEF = 0.08032 GBP

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Country Profile

CapitalBolivarian Republic of Venezuela Repblica Bolivariana de Venezuela(Spanish) Flag Coat of arms Anthem:Gloria al Bravo Pueblo(English: "Glory to the Brave People") Caracas
Population
Area 916,445  km2 (353,841 sq mi)
km2 (33rd)
Currency Bolvar fuerte
GDP
LanguagesSpanish

Venezuela: Imports Profile

Imports from Venezuela

Imports from Venezuela: $17.8 billion
Import commodities:Food, clothing, cars, technological items, raw materials, machinery and equipment, transport equipment, construction material
Top import destinations:United States 18.4%, China 15.3%, Brazil 9.7%, Colombia 5.9%, Mexico 4.2% (2015 est.)
GDP growth (annual %)

Importing from Venezuela? Contact our local experts


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Country Profile

CapitalBolivarian Republic of Venezuela Repblica Bolivariana de Venezuela(Spanish) Flag Coat of arms Anthem:Gloria al Bravo Pueblo(English: "Glory to the Brave People") Caracas
Population
Area 916,445  km2 (353,841 sq mi)
km2 (33rd)
Currency Bolvar fuerte
GDP
LanguagesSpanish

$34.3B

Exports 57th of 221
1980
2014

$27.5B

Imports 66th of 221
1980
2014
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