Venezuela - Market OpportunitiesVenezuela - Market Opportunities
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.