Export/ Import

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The Federation of International Trade Associations reports that foreign trade represents 55% of Venezuela's GDP but cautions that the unemployment rate is "nearly 20% of the active population, and 60% of the population still lives below poverty line." These economic conditions and the trend toward nationalization create international trade challenges, but enterprising importers and exporters in key sectors may find opportunity in this growing market.

The United States, Venezuela's largest trading partner, is the target of 57.5% of its exports and the source of 27% of its imports.

Export and Import Facts

Export/ Import Resources