What are the major imports in Venezuela?

What are the major imports in Venezuela?

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 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.

What are Venezuela’s main export products?

Top 10

• 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%)
• Beverages, spirits, vinegar: $67.3 million (1.4%)
• Copper: $51.4 million (1.1%)
• Aluminum: $49.3 million (1%)

Can I export to Venezuela?

Most recently, on August 5, 2019, President Trump issued another Executive Order placing further constraints on engagement with Venezuela. However, you should still contact the U.S. Department of Commerce, Bureau of Industry and Security (“BIS”) to ensure that your export to Venezuela is authorized.

Does Venezuela import rice?

Imports of rice in Venezuela amounted to 515 thousand metric tons in marketing year (MY) 2018/29, up from 400 thousand tons in the previous year. Imports are forecast to decrease in the following years, reaching 450 thousand tons in MY 2020/21.

Who buys oil from Venezuela?

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.

Who is Venezuela’s largest trade partner?

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. The U.S. purchases petroleum at the market price and constitutes, consequently, Venezuela’s first source of currency.

What does the US buy from Venezuela?

The U.S. imported roughly 92 thousand barrels per day of petroleum from Venezuela in the first half of 2019. This was a considerable decline compared to the previous year, when 586 thousand barrels per day were imported.

Does Venezuela have free trade?

At present, Venezuela participates in free trade area commitments in the Andean Group, where it applies the Common External Tariff (CET), and the Group of Three (with Colombia and Mexico).

How much of Venezuela’s food is imported?

With domestic production of food hobbled, Venezuela relies on food imports, which make up 85% of the food supply.

What food does Venezuela grow?

The main field crops are sugarcane, rice, corn, and sorghum, and the chief fruits are bananas, plantains, oranges, coconuts, and mangoes. The most important agricultural items for industrial use are cotton, tobacco, and sisal.