What are the top 3 exports of Venezuela?
Also shown is the percentage share each export category represents in terms of overall exports from Venezuela.
- Mineral fuels including oil: US$3.3 billion (68.9% of total exports)
- Iron, steel: $427 million (9%)
- Organic chemicals: $241.8 million (5.1%)
- Fish: $235.9 million (5%)
- Ores, slag, ash: $91 million (1.9%)
What are three main products of Venezuela?
Natural resources: Petroleum, natural gas, coal, iron ore, gold, other minerals, hydroelectric power, bauxite. Agriculture (5% of GDP): Products–rice; coffee; corn; sugar; bananas; dairy, meat, and poultry products.
What is Venezuela known for producing?
The Venezuelan economy is based primarily on the production and exploitation of petroleum. From the late 1940s to 1970 the country was the world’s largest petroleum exporter, and it was long one of the principal exporters of oil to the United States.
What is Venezuela’s most important export?
oil
Since the 1920s, Venezuela has been a rentier state, offering oil as its main export. The nation has experienced hyperinflation since 2015. In 2014, total trade amounted to 48.1% of the country’s GDP. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports.
What is Venezuela’s main import?
Venezuela main imports are: electronics (32 percent of total imports), chemical products (18 percent), agricultural products and livestock (11 percent), base metals (8 percent) and food, beverages and tobacco (6 percent).
What are Venezuela’s top imports?
What are two imports and two exports in Venezuela?
Economy of Venezuela
| Statistics | |
|---|---|
| Exports | $32.08 billion (2017) |
| Export goods | Petroleum, chemicals, agricultural products and basic manufactures |
| Main export partners | United States 42% China 23% India 19% Singapore 4.5% Spain 1.4% (2017) |
| Imports | $9.1 billion (2017) |
What does India export to Venezuela?
India-Venezuela In 2020, India exported $758M to Venezuela. The main products that India exported to Venezuela are Refined Petroleum ($662M), Packaged Medicaments ($36.2M), and Blood, antisera, vaccines, toxins and cultures ($17.1M).
What is the export of Venezuela 2019?
Venezuela Exports Exports in Venezuela increased to 8627 USD Million in the first quarter of 2019 from 8257 USD Million in the fourth quarter of 2018.
How much of Venezuela’s economy is in trade?
In 2014, total trade amounted to 48.1% of the country’s GDP. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. Venezuela is the sixth largest member of OPEC by oil production.
Which countries import the most from Venezuela?
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).
What is the main product of Venezuela?
Venezuela manufactures and exports heavy industry products such as steel, aluminum and cement. Production is concentrated around Ciudad Guayana, near the Guri Dam, one of the largest dams in the world and the provider of about three-quarters of Venezuela’s electricity. Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef.