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Exporting to Venezuela
A guide for British businesses who are interested in developing their overseas trade and doing business in Venezuela.
Overview
Venezuela is the fifth largest country in Latin America by size and economy. It has a population of almost 30 million people.
Venezuela imports 40% of its needs, making it an attractive market for UK companies.
Several major UK companies do business in Venezuela including Shell, Diageo, BT, GSK, Astra Zeneca and British American Tobacco.
Benefits for British businesses exporting to Venezuela include:
- low import tariffs
- high potential returns due to high margins
- UK has a reputation for high quality goods in Venezuela
- member of the World Trade Organization (WTO) and MERCOSUR