About Venezuela outdoor power supply foreign trade
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6 FAQs about [Venezuela outdoor power supply foreign trade]
What percentage of Venezuela's GDP is based on foreign trade?
According to the latest available data, Venezuela’s foreign trade represented 67.2% of the GDP in 2017. The country’s economy strongly depends on hydrocarbons, as well as on loans from China and Russia. Traditionally, petroleum represents more than 75% of Venezuela’s exports.
Which countries trade with Venezuela?
The top destinations were United States ($3.81B), China ($739M), Spain ($670M), Brazil ($468M), and Turkey ($364M). The following section uses the most recent trade data from partners of Venezuela, displaying Trade Value, which represents the total monetary value of traded goods during a period, reflecting the nominal worth of imports or exports.
What is the trade balance for Venezuela?
Venezuela had a total export of 87,961,213.30 in thousands of US$ and total imports of 44,951,787.13 in thousands of US$ leading to a positive trade balance of 43,009,426.17 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Venezuela is 8.42% and the Most Favored Nation...
What are the top exports of Venezuela in 2023?
In 2023, the top exports of Venezuela were Crude Petroleum ($4.05B), Petroleum Coke ($552M), Scrap Iron ($421M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($418M), and Nitrogenous Fertilizers ($280M). The top destinations were United States ($3.81B), China ($739M), Spain ($670M), Brazil ($468M), and Turkey ($364M).
How has international sanctions impacted Venezuela's Foreign Trade Policy?
Venezuela's foreign trade policy has been heavily impacted by international sanctions, particularly those imposed by the United States and other Western countries. These sanctions have targeted key sectors of Venezuela's economy, including oil exports, which historically formed the backbone of its foreign trade.
Which countries export Venezuela?
The most common destination for the exports of Venezuela are United States ($3.81B), China ($739M), Spain ($670M), Brazil ($468M), and Turkey ($364M).
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