Venezuela holds the world's largest proven oil reserves, but sanctions limit trade.
CapitalCaracas
CurrencyVenezuelan bolívar (VES)
LanguagesSpanish
RegionAmericas
Why Venezuela matters for trade
- Heavy crude from the Orinoco belt
- Large import needs for food and diluents
- Gold and iron ore resources
What Venezuela sells and buys
| Main exports | Main imports |
|---|---|
| Crude oil, Gold, Iron ore | Food, Diluents and refined fuels, Medicines |
Main ports and routes
La Guaira, Puerto Cabello, José.
Check before you tradeUS sanctions apply to PDVSA and many related parties, with licences that change. Legal review is required.
Coming in the full guide
We are expanding this overview into a full country guide with trade values and product groups, opportunities, company setup, government procedures, ministries and official websites, how to find partners, business culture and recent trade updates.
TradeScout24 Insights · Country overview; figures will be added from DEİK, business council and national sources · Last reviewed 31 Oct 2026
