South America · Country profile
Venezuela
India-Venezuela trade corridor: $4.3B bilateral trade, $2.9B FDI into India.
$4.3B
Trade with India
+4.8% YoY
$1.49T
GDP
Nominal
$2.9B
FDI into India
Cumulative
+$0.1B
Trade balance
India surplus
Top exports to Venezuela
- Textiles and apparel
- Auto components
- Pharmaceuticals
Top imports from Venezuela
- Electronic components
- Chemicals
- Plastics
Trade corridor with India
2025: $4.3B · 5-yr CAGR 13.1%
Goods trade in USD billion, illustrative demo figures.
Latest Venezuela stories
Trade3h ago6 min read
India-Venezuela bilateral trade hits a new quarterly high
FDI6h ago7 min read
Venezuela investors commit fresh capital to Indian manufacturing
Policy9h ago3 min read
Revised tariff schedule for India-Venezuela goods notified
Technology12h ago4 min read
India and Venezuela deepen cooperation on digital and AI standards
Policy and tariff watch
| Measure | Change | Status | Date | Alert |
|---|---|---|---|---|
| Import duty on engineering goods | 6% to 3% | In force | Jan 2026 | |
| Rules of origin certification | Digital certificates mandatory | Notified | Mar 2026 | |
| Pharma regulatory recognition | Mutual recognition under review | Consultation | Jun 2026 | |
| Agri products SPS standards | Revised residue limits | Proposed | Sep 2026 | |
| Trade agreement round | Round 3 of negotiations | Negotiating | Dec 2026 |
Upcoming events and delegations
Forum
India-Venezuela Business Forum
Mar 2027 · New Delhi
Delegation
Trade delegation to Venezuela
Nov 2026 · Venezuela
Buyer meet
Venezuela buyers-sellers meet
Dec 2026 · Mumbai
Policy
Joint working group on market access
Feb 2027 · Virtual
Opportunity sectors
🚜S34Heavy Industries14% projected demand growth🎭S39Media & Entertainment22% projected demand growth⛽S44Petroleum and Natural Gas15% projected demand growth🏬S49Retail22% projected demand growth💡S54Startups & Innovation15% projected demand growth♻️S59Waste Management & Circular Economy22% projected demand growth