On this page you will find beneficial information regarding foreign direct investment in / trading with Venezuela. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Federal Republic
Population: 28.20 million (2021)
GDP: 111.81 billion USD (2021)
Corporate Tax Rate: 34%
Personal Income Tax Rate: 34%
Major Exports: Scrap Iron ($570M), Acyclic Alcohols ($487M), Iron Ore ($342M), Crustaceans ($186M), and Iron Reductions ($185M), exporting mostly to China ($843M), Turkey ($452M), United States ($308M), Netherlands ($171M), and Brazil ($168M).
Major Imports: Rice ($262M), Soybean Oil ($255M), Refined Petroleum ($232M), Broadcasting Equipment ($213M), and Raw Sugar ($200M), importing mostly from China ($2.19B), United States ($1.55B), Brazil ($1.09B), Colombia ($331M), and India ($312M).