Venezuela: Exporter Guide
U.S. agricultural product exports to Venezuela averaged a notable $1.4 billion per year from 2010- 2014. Nevertheless, Venezuela’s economy is dependent on oil, which accounts for about 95 percent of export revenues. The precipitous fall in oil prices since 2015 has significantly diminished foreign exchange, challenging Venezuela’s financial capability to import goods. As a result, the value of U.S. agricultural exports in calendar year (CY) 2017 plummeted 42 percent to $ 376 million (January to October) compared to the same time period a year before.
