Merchandise exports (US dollar) in Venezuela

The Merchandise exports (US dollar) in Venezuela was last reported at 65786000000.00 in 2010, according to a World Bank report released in 2011. The Merchandise exports (US dollar) in Venezuela was 57595000000.00 in 2009, according to a World Bank report, published in 2010. The Merchandise exports (US dollar) in Venezuela was reported at 95138000000.00 in 2008, according to the World Bank. Merchandise exports show the f.o.b. value of goods provided to the rest of the world valued in current U.S. dollars.This page includes a historical data chart, news and forecasts for Merchandise exports (US dollar) in Venezuela. Venezuela is the fifth largest national economy in Latin America. Venezuela is highly dependent on oil revenues, which account for roughly 90% of export earnings, about 50% of the federal budget revenues, and around 30% of GDP. In recent years, President Hugo Chavez has been systematically increasing the government's control of the economy by nationalizing firms in the cement, steel, petroleum, communications, and electricity sectors.

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