Top Exports $60.9 billion:
Petroleum ($57.6 million) Aluminum Steel Chemical Products Iron Ore Cigarettes Plastics Fish Paper Products |
Top Imports $38.5 billion:
Consumer goods Machinery & transport equipment Manufactured goods Construction materials |
The exports seem to be consistent with the comparative advantages. Venezuela has natural resources like petroleum, natural gas, coal and iron ore. The country exports petroleum and iron ore. Venezuela isn't very advance in technology, that's why machinery and transport equipment is imported into the country.