What are Venezuela's Imports and exports?

Question

What are Venezuela's Imports and exports?

Answer 1

Venezuela remains highly dependent on oil revenues, which account for roughly 90% of export earnings, more than 50% of the federal budget revenues, and around 30% of GDP. Tax collection - Venezuela's primary source of non-oil revenue - is expected to surpass $23 billion in 2006, exceeding the yearend collection goal by more than 20%. A nationwide strike between December 2002 and February 2003 had far-reaching economic consequences - real GDP declined by around 9% in 2002 and 8% in 2003 - but economic output since then has recovered strongly. Fueled by higher oil prices, record government spending helped to boost GDP growth in 2004 and 2005 to approximately 18% and 11%, respectively. Economic growth in 2006 reached about 9%. This spending, combined with recent minimum wage hikes and improved access to domestic credit, has fueled a consumption boom - car sales in 2006 increased by around 70% - but has come at the cost of higher inflation. Despite government attempts to withdraw liquidity from the economy, Venezuela's money supply set a record in June 2006, approximately 70% higher than the previous year. Imports have also jumped significantly.

Oil - exports:    

2.1 million bbl/day (2004 est.)

Exports:    

$69.23 billion f.o.b. (2006 est.)  

Exports - commodities:  

petroleum, bauxite and aluminum, steel, chemicals, agricultural products, basic manufactures  

Exports - partners:  

US 50.9%, Netherlands Antilles 7.2%, Canada 2.4% (2005)  

Imports:    

$28.81 billion f.o.b. (2006 est.)  

Imports - commodities:  

raw materials, machinery and equipment, transport equipment, construction materials  

Imports - partners:  

US 31.6%, Colombia 11%, Brazil 9.1%, Mexico 6.9% (2005)

Answer 2

The have one export - Black, Slimy Guuk which represents about 95% of all exports.  There may also be a bit of Ron Anejo Rum.

They import everything except perishable goods.