Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
Last Published: 3/20/2019

The short-term outlook appears bleak in most sectors.  However, there may be opportunity for investors in certain niche sectors or for investors with long time horizons and significant tolerance of risk.

U.S. companies benefit from established commercial ties between the two countries including strong consumer preference for U.S. products, preference for U.S. technologies, and the long tradition of U.S. foreign direct investment in Venezuela.  More than two-thirds of consumer products and intermediate goods consumed in Venezuela are imported.

Venezuela enjoys geographic proximity to the United States, and much shorter shipping times (three to five days) compared to other suppliers.

Leading sectors for U.S. exporters include: oil and gas services and machinery, electrical power generation systems and electrical equipment, auto parts/service equipment, safety and security equipment, and agricultural commodities.
 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.