Crude oil.
The countries that export oil are Venezuela and Colombia!
Venezuela imports raw materials, machinery and equipment, transport equipment, construction material.
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
Oil is Venezuela's major export and main source of income. Agricultural products, steel, and chemicals are also exported.
they export oil to the united staes of America,Spain and Jamaica that is all i know i hope it can help you!!
Oil is Venezuela's most valuable export. The country has one of the largest oil reserves in the world and oil exports make up a significant portion of its government revenue.
The number one export in Venezuela is oil. Several oil field as located in and around Venezuela, particular in the East. Venezuela supports the USA with pesticide , fertilizer and insecticides. Imports: Cars. YOur welcome Apart of oil, Venezuela exports gemstones, organic chemicals, base metals and fish. The country imports corn, medicines, machinery and food products. Read more about Venezuela's export and imports on Export Portal - an online platform for international trade.
Venezuela is rich in crude oil reserves. Their exports include this oil, technology to use crude oil and farm products. Oil has been traditionally a prime export, however, the drop in crude prices has been a problem for Venezuela.
Venezuela has the largest oil reserves in the Western Hemisphere and was a founding member of OPEC. It has nearly 80 billion barrels of oil reserves and provides 15% of The United States' oil. It is the seventh largest producer of oil in the world.
Oil is important to Venezuela, because it is most of Venezuela's economy.