Overview: In 2018 Venezuela was the number 67 in total exports, the number 100 in total imports, and the number 93 most complex economy according to the Economic Complexity Index (ECI). In 2018, Venezuela exported $31.2B and imported $10.6B, resulting in a positive trade balance of $20.6B. In 2018, Venezuela's exports per capita were $1.08k and its imports per capita were $367.
Trade: The top exports of Venezuela are Crude Petroleum ($23.2B), Refined Petroleum ($3.03B), Gold ($2.71B), Acyclic Alcohols ($498M), and Iron Ore ($181M). The top imports of Venezuela are Refined Petroleum ($4.48B), Corn ($311M), Rice ($289M), Wheat ($279M), and Soybean Oil ($227M).
Destinations: Venezuela exports mostly to United States ($12.2B), India ($6.41B), China ($6.32B), United Arab Emirates ($1.8B), and Turkey ($1B), and imports mostly from United States ($5.6B), China ($1.14B), Mexico ($994M), Brazil ($577M), and Colombia ($353M).
Location: Venezuela borders Colombia, Guyana, and Brazil by land and Trinidad and Tobago by sea.