What does Venezuela import and export?

Traditionally, petroleum represents more than 85% of Venezuela’s exports. Other exports include gold (8.6%), acyclic alcohols (1.6%), aluminium (0.5%), iron ores (0.5%), and crustaceans (0.2%). The country mainly imports refined petroleum (42.3%), corn (2.9%), rice (2.7%), wheat (2.6%), and soybean oil (2.1%).

What is Venezuela’s biggest import?

Top 10

Mineral fuels including oil: US$965.3 million (17.3% of total imports)
Cereals: $554.7 million (9.9%)
Machinery including computers: $519.9 million (9.3%)
Electrical machinery, equipment: $396.7 million (7.1%)
Rubber, rubber articles: $197.4 million (3.5%)
Pharmaceuticals: $196.3 million (3.5%)

What are some products of Venezuela?

Major agricultural products that are grown in Venezuela include corn, sugarcane, sorghum, rice, coffee, bananas and vegetables. Milk, eggs, beef and pork are derived from raised livestock. In terms of exports, Venezuela ranks as the 46th largest exporter in the world, as of 2015.

What countries does Venezuela import from?

Venezuela imports from China worth US$ 7,645 million, with a partner share of 17.01 percent. Venezuela imports from Brazil worth US$ 4,503 million, with a partner share of 10.02 percent. Venezuela imports from Colombia worth US$ 2,258 million, with a partner share of 5.02 percent.

Which countries does Venezuela export oil to?

In 2019, Venezuela exported primarily to India (321,000 b/d), China (147,000 b/d), and Malaysia (119,000 b/d) (Figure 3). In the first half of 2020, exports of Venezuela’s crude oil fell to an average of 500,000 b/d, based on tanker loadings data.

Can the US export to Venezuela?

Bilateral Economic Relations U.S. goods exports to Venezuela totaled $1.2 billion in 2019. U.S. imports from Venezuela totaled $1.9 billion. U.S. exports to Venezuela have historically included petroleum and refined petroleum products, machinery, organic chemicals, and agricultural products.

What product does Venezuela export the most?

crude oil

Who does the US recognize as president of Venezuela?

We consider this group to be illegitimate and will not recognize it nor its pronouncements. The United States recognizes Interim President Juan Guaidó as the legitimate President of Venezuela. President Guaidó and the legitimate National Assembly were elected freely in 2015 by the people of Venezuela.

Does the US still trade with Venezuela?

U.S.-Venezuela Trade Facts Venezuela is currently our 70th largest goods trading partner with $3.2 billion in total (two way) goods trade during 2019. Goods exports totaled $1.3 billion; goods imports totaled $1.9 billion. The U.S. goods trade deficit with Venezuela was $644 million in 2019.

Who is the leader in Venezuela?

President of Venezuela

President of the Bolivarian Republic of Venezuela Presidente de la República Bolivariana de Venezuela
Presidential Standard of Venezuela
Incumbent Disputed between Nicolás Maduro and Juan Guaidó since 10 January 2019
Style	Mr. President (Señor Presidente) or His Excellency
Member of	Cabinet

Is Venezuela under US sanctions?

Since 2017, the U.S. has sanctioned people, businesses, and oil entities associated with the former Maduro regime, both inside and outside of Venezuela.

What is the relationship between Venezuela and United States?

As of 23 January 2019, the United States and Venezuela have no formal diplomatic ties, but continue to have relations under Juan Guaidó, who serves as disputed interim president recognized by around 54 countries, including the United States.

Who does the US have sanctions against?

The Bureau of Industry and Security (BIS) implements U.S. Government certain sanctions against Cuba, Iran, North Korea, and Syria pursuant to the Export Administration Regulations (EAR), either unilaterally or to implement United Nations Security Council Resolutions.

Is Venezuela subject to sanctions?

Venezuela is currently subject to UK financial sanctions. This document provides a current list of designated persons.

What caused Venezuela’s collapse?

Political corruption, chronic shortages of food and medicine, closure of companies, unemployment, deterioration of productivity, authoritarianism, human rights violations, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.

When did sanctions against Venezuela start?

President Barack Obama signed the Venezuela Defense of Human Rights and Civil Society Act of 2014, a U.S. Act imposing sanctions on Venezuelan individuals held responsible by the United States for human rights violations during the 2014 Venezuelan protests, in December of that year.

Is sending money to Venezuela illegal?

Must read: US Sanctions on Venezuela In short, this means that although you’re legally allowed to send remittances to Venezuela, it’s still up to money transfer companies to support the corridor.

Can I send money to someone in Venezuela?

You can send up to 300 USD (or its local currency equivalent) per day. The maximum amount you can send within a month is 1000 USD or its local currency equivalent. To send money, you must to be a Venezuelan national or a foreigner with a valid ID issued by the Venezuelan government.

Can Amazon ship to Venezuela?

No, Amazon does not offer free shipping to Venezuela. You’ll normally have to pay around Bs. S 48,000 VES to have your Amazon purchase shipped to Venezuela, and you may have to pay more if you’re buying multiple items or your purchase is heavy or bulky. Most Amazon packages in Venezuela will be delivered by IPOSTEL.

Can you still travel to Venezuela?

Venezuela – Level 4: Do Not Travel. Do not travel to Venezuela due to arrest and detention of U.S. citizens without due process or fair trial guarantees, or as a pretext for an illegitimate purpose; crime; civil unrest; poor health infrastructure; kidnapping; and COVID-19.

Why is Venezuela so dangerous?

There is a high threat from violent crime and kidnapping throughout Venezuela, which has one of the highest murder rates in the world. Armed robbery, mugging, carjacking, and burglary are all common and are often accompanied by extreme levels of violence – do not resist an attacker.

What is the safest city in Venezuela?

Caracas

Is Venezuela dangerous to visit?

You should know that Venezuela is not safe for tourists. The US State Department has released an issue for all tourists to reconsider travel to Venezuela due to crime, civil unrest, poor health infrastructure, and detention of U.S. citizens.

Is Venezuela a good place to live?

Venezuela is one of the more popular expat destinations in Latin America, and with good reason. However, for the most part, Venezuela is still a great place to live, and most expats are very happy in the country. Here are some of the things that make it such a great destination.

Can a US citizen go to Venezuela?

To enter Venezuela, you must have: A valid U.S. passport in good condition with at least six months of validity, and. A valid Venezuelan visa. Visas are not available upon arrival.

Is Venezuela cheap to visit?

Venezuela is a cheap destination for foreigners at the moment… as long as they are willing to negotiate in the parallel currency market. A dollar-holder traveler can benefit from it: with a handful of dollars, you can get many Venezuelan bolivars, making the country particularly cheap.

What is 1 US dollar worth in Venezuela?

248210

How poor is Venezuela now?

In 2019, the average income in Venezuela was 72 U.S. cents per day. Based purely on income, the report says, 96 percent of Venezuelans live in poverty and 70 percent live in extreme poverty. By those measures, 64.8 percent of households in Venezuela live in poverty.

How much does a beer cost in Venezuela?

Prices in restaurants in Venezuela.

Meal in a cheap restaurant	10.00 USD (5.00-15)
Domestic Beer (0.5 liter draught)	1.50 USD (1.00-2.50)
Imported Beer (0.33 liter bottle)	3.00 USD (2.00-4.00)
Coke/Pepsi (0.33 liter bottle)	1.30 USD (1.00-2.00)
Water (0.33 liter bottle)	0.89 USD (0.63-1.20)