Overview In 2020, Venezuela was the number 0 economy in the world in terms of GDP (current US$), the number 118 in total exports, the number 122 in total imports,
the number 0 economy in terms of GDP per capita (current US$) and the number 105 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Venezuela are Crude Petroleum ($2.62B), Iron Reductions ($276M), Acyclic Alcohols ($208M), Refined Petroleum ($181M), and Crustaceans ($136M), exporting mostly to India ($2.03B), China ($464M), Malaysia ($387M), Spain ($302M), and Italy ($184M).
Imports The top imports of Venezuela are Refined Petroleum ($942M), Corn ($310M), Rice ($248M), Raw Sugar ($180M), and Soybean Oil ($158M), importing mostly from China ($1.52B), United States ($1.09B), Brazil ($782M), India ($758M), and Turkey ($236M).
Location Venezuela borders Colombia, Guyana, and Brazil by land and Trinidad and Tobago by sea.