The economy of Venezuela is largely based on the petroleum sector and manufacturing. Revenue from petroleum exports accounts for more than 50% of the country's GDP and roughly 95% of total exports. Venezuela is the sixth largest member of OPEC by oil production. Venezuela manufactures and exports heavy industry products such as steel, aluminum , and cement.The country has one of the largest dams in the world and the provider of about three-quarters of Venezuela's electricity.

Capital City: Caracas

Currency: BolĂ­var fuerte (VEF)

Official language: Spanish

Population: 31.568.179

Natural resources:
oil, natural gas, iron, gold, bauxite, hydropower.

Worldwide share in import(2015):

Total imports: $27,130 M

Top import Commodities: Food, Clothing, Cars, Technological Items, Raw Materials, Machinery and Equipment, Transport Equipment, Construction Material.

Top import Partners: United States (22.1%), China (14.3%), Brazil (7.4%), Colombia (4.2%) (2016).

Trade Organisations: WTO, OPEC, Unasur, MERCOSUR, ALBA.

Top Ports: Alcasa Port of Alcasa, Amuay Port of Amuay, Araya Port of Araya, Bajo Grande Refinery Port of Bajo Grande Refinery, Boca Grande Port of Boca, Grande Borburata Port of Borburata, Cabimas/Maracaibo Port of Cabimas/Maracaibo.

Worldwide share in export(2015):

Total exports: $38,450 M

Top export Commodities: Petroleum, Chemicals, Agricultural Products, Basic Manufactures.

Top export Partners: United States (35.1%), India (17.2%), China (14.1%), Netherlands Antilles (8.0%), Singapore (5.3%), Cuba (4.1%) (2016).

Trade Organisations: WTO, OPEC, Unasur, MERCOSUR, ALBA.

Top Ports: Alcasa Port of Alcasa, Amuay Port of Amuay, Araya Port of Araya, Bajo Grande Refinery Port of Bajo Grande Refinery, Boca Grande Port of Boca, Grande Borburata Port of Borburata, Cabimas/Maracaibo Port of Cabimas/Maracaibo.

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