Venezuela

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About Venezuela

Venezuela, Officially known as the Bolivarian Republic of Venezuela is a country in the Northern region of South America. The country was previously a Spanish Colony.

Previously an Agrarian Economy, Venezuela quickly rose to a strong economy with the discovery of Oil in the region. This became a boon as well as bane for the country as when the oil prices dropped the country went into turmoil and became one of the worst economies of the world.

Country Facts

 

Basic Details
RegionLatin America
Capital CityCaracas
Government TypeUnited Socialist Party of Venezuela
Official LanguagesSpanish
CurrencyVenezuelan bolivar, VES
Phone Code +58
Important CitiesMaracaibo, Valencia, Barquisimeto, Maracay, Ciudad Guayana, Barcelona, Maturín, Cumaná, Petare, Turmero, Mérida, Ciudad Bolívar, Barinas, Los Teques, Punto Fijo, La Guaira
National DayIndependence Day (Jul-05)
Economy
Ease of Doing Business Ranking188
Primary IndustriesPetrolium and other resources,Manufacturing,Agriculture.
Major ExportsMineral fuels, mineral oils , Natural or cultured pearls, precious or semi-precious stones, precious metals, Organic chemicals, Fish and crustaceans, molluscs , Iron and steel, Ores, slag and ash, Aluminium and articles thereof, Beverages, spirits and vinegar, Copper and articles thereof, Cocoa and cocoa preparations, Preparations of meat, of fish or of crustaceans, molluscs
Major Exports to IndiaMineral fuels, mineral oils , Pharmaceutical products, Cotton, Machinery, mechanical appliances, nuclear reactors, boilers, Electrical machinery and equipment , Articles of apparel and clothing accessories, knitted or crocheted, Organic chemicals, Man-made staple fibres, Vehicles other than railway or tramway rolling stock, Tanning or dyeing extracts, tannins , Paper and paperboard, articles of paper pulp, of paper or of paperboard
Major ImportsMineral fuels, mineral oils , Cereals, Machinery, mechanical appliances, nuclear reactors, boilers, Electrical machinery and equipment , Pharmaceutical products, Vehicles other than railway or tramway rolling stock, Rubber and articles thereof, Residues and waste from the food industries, Preparations of cereals, flour, starch or milk, Plastics and articles thereof, Animal or vegetable fats and oils
Major Imports from IndiaMineral fuels, mineral oils , Aluminium and articles thereof, Iron and steel, Edible vegetables and certain roots and tubers, Copper and articles thereof, Zinc and articles thereof, Lead and articles thereof, Raw hides and skins , Wood and articles of wood, wood charcoal, Paper and paperboard, articles of paper pulp, of paper or of paperboard, Electrical machinery and equipment
Foreign Relations
Flags
Maps
Trade Agreements with IndiaBilateral trade between India and Venezuela totalled US$5.83 billion in 2015–16. This was much lower than the $14.46 billion, $14.22 billion and $11.99 billion recorded in 2012–13, 2013–14 and 2014–15 respectively. In 2015–16, crude oil exports from Venezuela to India stood at $5.68 billion, while non-oil exports from Venezuela accounted for just $23.18 million.
Bordering NationsGuyana, Brazil, Colombia
Member ofOrganization of the Petroleum Exporting Countries(OPEC), ( United Nations), ( Union of South American Nations)
Indian Embassy Details for VenezuelaH.E. Shri Abhishek Singh
Honourable Ambassador
Embassy of India
Quinta Tagore,No. 12, Avenida San Carlos, La Floresta,Caracas - Venezuela
Email: amb.caracas@mea.gov.in
Phone: 0058-212-285-7887, 3637
Website: http://www.eoicaracas.gov.in/
Embassy Details of Venezuela in IndiaH.E. Ms. Coromoto Godoy Calderon
Ambassador
Embassy of the Bolivarian Republic of Venezuela
D 1/14, Ground FloorVasant ViharNew Delhi-110057
Email: embassy@embaveneindia.com
Phone: +91-11-4168 0218, 41680219 (O)

 

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