You asked: What are Venezuela’s main resources?

Apart from petroleum, the country’s natural resources include natural gas, iron ore, gold, bauxite, diamonds and other minerals.

What is Venezuela’s main export?

From the more granular four-digit Harmonized Tariff System code level, crude oil represents Venezuela’s most valuable exported product at 63.2% of the country’s total.

What are three main products of Venezuela as they are?

Natural resources: Petroleum, natural gas, coal, iron ore, gold, other minerals, hydroelectric power, bauxite. Agriculture (5% of GDP): Products–rice; coffee; corn; sugar; bananas; dairy, meat, and poultry products. Petroleum industry (25% of GDP): oil refining, petrochemicals.

What is Venezuela’s known for?

It has the world’s largest known oil reserves and has been one of the world’s leading exporters of oil. Previously, the country was an underdeveloped exporter of agricultural commodities such as coffee and cocoa, but oil quickly came to dominate exports and government revenues.

Is Venezuela rich in minerals?

On the other hand, there is Venezuela, a country rich in resources. It is one the world’s top oil producers at the same time gas prices are soaring. The rich soil and temperate climate allow for productive agriculture and the country is rich in gold and other minerals.

Why is Venezuela’s economy so bad?

Political corruption, chronic shortages of food and medicine, closure of businesses, unemployment, deterioration of productivity, authoritarianism, human rights violations, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.

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Who rules Venezuela today?

President of Venezuela

President of the Bolivarian Republic of Venezuela Presidente de la República Bolivariana de Venezuela
Presidential Standard of Venezuela
Incumbent Nicolás Maduro since 10 January 2019
Style Mr. President (Señor Presidente) or His Excellency
Member of Cabinet

What are 3 of Venezuela’s top imports?

Imports The top imports of Venezuela are Refined Petroleum ($938M), Rice ($242M), Corn ($199M), Rubber Tires ($168M), and Soybean Meal ($161M), importing mostly from China ($1.54B), United States ($1.23B), Brazil ($421M), Spain ($320M), and Mexico ($314M).

Why was the Simpsons banned in Venezuela?

‘The Simpsons’ Got Banned In Venezuela For Being a Bad Influence And Replaced With ‘Baywatch’ TV shows frequently dive into controversial topics or base their whole premise on a taboo subject.

Is Venezuela safe for tourists?

You should know that Venezuela is not safe for tourists. The US State Department has released an issue for all tourists to reconsider travel to Venezuela due to crime, civil unrest, poor health infrastructure, and detention of U.S. citizens. … Avoid traveling to certain neighborhoods of Caracas due to crime.