Who does Venezuela trade with?
Venezuela’s main trade partners are the United States, China, India, Mexico, Turkey, and Brazil. The United States remains the main petroleum customer and the country’s first trade partner.
Who does Venezuela trade with the most?
Venezuela top 5 Export and Import partners
|Exporter||Trade (US$ Mil)||Partner share(%)|
What does Venezuela trade with other countries?
Economy of Venezuela
|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 are Venezuela’s major imports?
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).
Who rules Venezuela today?
President of Venezuela
|President of the Bolivarian Republic of Venezuela|
|Presidential Standard of Venezuela|
|Incumbent Nicolás Maduro since 10 January 2019|
|Style||Mr. President (Señor Presidente) or His Excellency|
Why did Venezuela fail?
Political corruption, chronic shortages of food and medicine, closure of businesses, unemployment, deterioration of productivity, authoritarianism, human rights violations, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.
Is Venezuela richer than Nigeria?
Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Nigeria ranked 32nd with $397.3B. By GDP 5-years average growth and GDP per capita, Venezuela and Nigeria ranked 181st vs 132nd and 58th vs 149th, respectively.