Latitude: 9.7727778000 Longitude: -63.9411111000
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Cachirulo, Venezuela
Some random facts about Venezuela |
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| Natural gas - imports: | 0 cu m (2004 est.) |
| Trade, Manufacturing and Agriculture | Despite political tensions between the U.S. and Venezuela, the U.S. remains Venezuela's most important trading partner. In 2007, bilateral trade topped U.S. $50 billion. Venezuelan exports to the U.S. were U.S. $40 billion (accounting for at least 60% of total Venezuelan exports), and U.S. exports to Venezuela were $10 billion (or 22% of total Venezuelan imports). The U.S. is the single most important customer for Venezuelan oil. Venezuela shipped an average of approximately 1.4 million barrels of crude oil and petroleum products per day to the U.S. in 2007, a figure which accounts for at least half of Venezuelan oil exports and 10% of U.S. oil imports. The Government of Venezuela has taken a vocal role against the proposed Free Trade Agreement of the Americas (FTAA). Its stated goal is to expand its Bolivarian Alternative for the Americas (ALBA) project and develop a South American bloc (see Foreign Relations). Manufacturing contributed an estimated 17% of GDP in 2006. The manufacturing sector continued its recovery started in 2004, but remained hindered by a marked lack of private investment. Venezuela manufactures and exports steel, aluminum, textiles, apparel, beverages, and foodstuffs. It produces cement, tires, paper, fertilizer, and assembles cars both for domestic and export markets. Agriculture accounts for approximately 4% of GDP, 10% of the labor force, and at least one-fourth of Venezuela's land area. Venezuela exports rice, cigarettes, fish, tropical fruits, coffee, cocoa, and manufactured products. The country is not self-sufficient in most areas of agriculture. Venezuela imports about two-thirds of its food needs. Through November 2006, U.S. firms exported $412 million worth of agricultural products, including wheat, corn, soybeans, soybean meal, cotton, animal fats, vegetable oils, and other items to make Venezuela one of the top two U.S. markets in South America. The United States supplies roughly one-quarter of Venezuela's food imports. |
| Judicial branch: | Supreme Tribunal of Justice or Tribuna Suprema de Justicia (magistrates are elected by the National Assembly for a single 12-year term) |
| Imports: | $28.81 billion f.o.b. (2006 est.) |
| Geography - note: | on major sea and air routes linking North and South America; Angel Falls in the Guiana Highlands is the world's highest waterfall |
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