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US$ 0.01mn
FDI inflows to India from April 2000-March 2021

US$ 6,396mn

Bilateral trade during fiscal 2019-2020

+110
Indians occupied in O&G sector

Concurrent Accreditation The Mission in Venezuela also handles India's bilateral relations with Aruba, "Bonaire, Sint Eustatius and Saba", Curacao, Sint Maarten and Netherlands Antilles

Oil & Gas

Venezuela has the world's largest reserves of crude oil (over 300 billion barrels) and has invited foreign assistance in commercialising the resources.

Mining

Venezuela is a major producer and exporter of minerals like bauxite, coal, gold, iron ore, and oil, and the state controls most of the mineral reserves.

Opportunities

Venezuela offers opportunities in power utilities, pharmaceutical products, textile, food processing, heavy engineering, and organic chemicals.

India's Exports and Imports to Venezuela

Values in US$ Millions

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 258.07 130.65 62.22 79.21 164.77
2 %Growth -49.37 -52.38 27.3 108.03
3 India’s Total Export 310,338.48 262,291.09 275,852.43 303,526.16 330,078.09
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0.08 0.05 0.02 0.03 0.05
6 IMPORT 11,729.89 5,701.81 5,512.06 5,866.37 7,258.95
7 %Growth -51.39 -3.33 6.43 23.74
8 India’s Total Import 448,033.41 381,007.76 384,357.03 465,580.99 514,078.42
9 %Growth -14.96 0.88 21.13 10.42
10 %Share 2.62 1.5 1.43 1.26 1.41
11 TOTAL TRADE 11,987.96 5,832.47 5,574.28 5,945.58 7,423.72
12 %Growth -51.35 -4.43 6.66 24.86
13 India’s Total Trade 758,371.89 643,298.84 660,209.46 769,107.15 844,156.51
14 %Growth -15.17 2.63 16.49 9.76
15 %Share 1.58 0.91 0.84 0.77 0.88
16
TRADE BALANCE
17 India’s Trade Balance -137,694.93 -118,716.67 -108,504.60 -162,054.83 -184,000.33

Economic Commission for Latin America

+56-868-224-8000

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Av. Dag Hammarskjöld 3477, Vitacura, Santiago de Chile

Federation of Indian Export Organisations

+91-11-46042222, 26150101/04

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Niryat Bhawan, Rao Tula Ram Marg, Opp. Army Hospital Research & Referral, New Delhi-110 057

Indian Trade Promotion Organisation

+91-11-23371540

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Pragati Bhawan, Pragati Maidan New Delhi-110001 (INDIA)

Embassy of India, Caracas

0058-212-285-7887, 3637

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Address: Quinta Tagore
No. 12, Avenida San Carlos, La Floresta
Caracas – Venezuela

Embassy of India, Caracas

Mr. Omar Molina Fereira
Marketing Assistant  (local staff)

Embassy of India, Caracas

Mr. Javier Jose Alonzo Silva
Commercial Clerk (local staff)

Opportunities

Agricultural exports

    Whiskies (220830)

    agriexchange.apeda.gov.in

    Carcasses/half-carcasses of bovine animals, fresh/chilled (020110)
    Meat of bovine animals, fresh/chilled, boneless (020130)
    Meat of bovine animals, frozen, boneless (020230)
    Meat of fowls of species Gallus domesticus, not cut in pieces, frozen (020712)

    agriexchange.apeda.gov.in

    Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)

    agriexchange.apeda.gov.in

    Cheese (excl. of 0406.10-0406.40) (040690)
    Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)

    agriexchange.apeda.gov.in

    Apples, fresh (080810)
    Cane sugar, raw, in solid form, not cont. added flavouring/colouring matter … (170111)
    Durum wheat (100110)

    agriexchange.apeda.gov.in

    Kidney beans, incl. white pea beans (Phaseolus vulgaris), dried, shelled, w … (071333)

    agriexchange.apeda.gov.in
Minerals

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Venezuela
  • Crude oil
  • Iron pellets
  • Electrical cables
  • Pharmaceuticals
India's top export to Venezuela
  • Pharmaceuticals
  • Chemicals
  • Food products
  • Engineering products
  • Vehicles

Bilateral Investors

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