Venezuela

 

General Overview

Population: 27,635,743 (July 2011 est.)
GDP (purchasing power parity): US $344.2 billion (2010 est.)
GDP per capita (PPP): US $12,600 (2010 est.)
GDP (real growth rate): -2.8% (2010 est.)
Industries:
  • Petroleum
  • Construction materials
  • Food processing
  • Textiles
  • Iron ore mining, steel, aluminum
  • Motor vehicle assembly
Imports: US $31.37 billion (2010 est.)
Import commodities:
  • Raw materials
  • Machinery and equipment
  • Transport equipment
  • Construction materials
Exports: US $64.87 billion (2010 est.)
Export commodities:
  • Petroleum
  • Bauxite and aluminum
  • Steel
  • Chemicals
  • Agricultural products
  • Basic manufactures
Alberta's exports to Venezuela: CAN $83.1 million (2010)
Alberta's main exports to Venezuela:
  • Wheat
  • Malt
  • Pumps and parts
  • Boring or sinking machinery and parts
  • Condensers for steam or vapour power units
  • Drill pipe
  • Engines and parts
  • Gas turbines
  • Iron or steel articles
  • Surveying or geophysical instruments
  • Parts of taps, cocks and valves
  • Valves
  • Instruments for measuring liquids or gases
  • Iron or steel anchors, grapnels and parts
  • Other machinery and parts
Canada's main exports to Venezuela:
  • Wheat
  • Newsprint
  • Motor vehicle accessories and parts
  • Iron
  • Malt
  • Lentils
  • Potatoes
  • Unused postage, revenue stamps, cheque forms, etc.
  • Dolomite

Information about Venezuela

CIA World Factbook
Detailed information about Venezuela's economy, political system and history.

Energy Information Administration
Energy profile for Venezuela.

Country profile of Venezuela
Detailed Library of Congress profile of Venezuela.

Export statistics

Alberta's International Trade Review
An analysis of Alberta's international exports of goods and services. Published by Alberta International and Intergovernmental Relations.

Trade Data Online
Customized reports on Canada's trade with over 200 countries.

Alberta-Venezuela relations

World Relations
A summary of Alberta's relationship with Venezuela.

Sector opportunities for Alberta businesses interested in exporting their products

  • Environment: Venezuela's strict environmental laws create an opportunity for Alberta companies to provide new technologies and low cost solutions in the petroleum industry. There is a need for air and water quality monitoring equipment as well as systems to prevent ground water contamination in the oil and gas sector. Venezuela has also identified the replacement of urban sewage systems as a top priority. Investments are in water and wastewater infrastructure, especially those improving rural supply, require water purification equipment, construction and upgrading of the sewage system, purification of industrial effluents and measuring and monitoring equipment. In the area of solid waste management, Venezuelan municipalities require technologies and services for handling and disposal of solid waste, measuring and monitoring equipment and equipment for toxic waste handling and disposal.

  • Oil and gas equipment and services: Venezuela is looking to increase its heavy oil production and will be upgrading existing refineries to handle heavy oil. The expansion plans of Petróleos de Venezuela S.A. (PDVSA) have created demand for drilling equipment, spare drilling parts, production equipment and well completion services. Demand for pipeline equipment and services is also increasing. Venezuela wants to capitalize on its natural gas reserves and is looking to fast-track natural gas production projects.

Services for exporters

Canada Business
Online tool for new and experienced exporters.

The Canadian Commercial Corporation
Crown corporation that promotes and facilitates international trade on behalf of Canadian industry.

Electronic Business Intelligence Service
Online source for export market intelligence, international company profiles, business opportunities, reports and web links

Export Alert!
A resource for exporters to learn about changes in foreign export regulations.

Export resources
Resources for both new and experienced exporters.

International Trade Canada
Sector reports as well as a list of staff contacts that can assist exporters.

Virtual Trade Commissioner
A database of Canadian exporters that enable companies to provide their information to prospective foreign buyers, importers, distributors and partners.

Services in Venezuela

Date Updated:
RDP-1633