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Caracas · Venezuelan Bolívar (VES) · pop. 28M · GDP USD 0.10T (68th). Member: Disrupted — Bolivarian Alliance. WTO member.
India–Venezuela bilateral trade stands at USD 1.5B annually (2% CAGR). FTA status: No FTA — political context.
India imports ←
Trade data is indicative. Verify current figures at dgft.gov.in and trade.ec.europa.eu before commercial use.
India ↔ Venezuela
No FTA — political context
| Port | Location | Annual TEU | Notes |
|---|---|---|---|
| Main Port | Caracas Port | Primary entry | Main sea gateway |
| Airport | IATA | Cargo (MT/yr) | India connections |
|---|---|---|---|
| Main Airport | Int'l Airport |
— | Primary air cargo hub |
Local Agent/Distributor
Recommended for first-entry into Venezuela market.
Export Documentation
Commercial invoice, packing list, B/L, COO, EUR.1 (if FTA applicable)
REQUIRED = legally mandatory · RECOMMENDED = strongly advised · OPTIONAL = sector-specific.
| Mandate | Commission | Context |
|---|---|---|
| Pharma basics | 3–5% annual | Growing demand from Venezuela |
| FMCG | 3–5% annual | Established India–Venezuela trade flow |
| Risk | Assessment | Mitigation |
|---|---|---|
| Payment risk | Conduct due diligence on counterparty · Use LC or D/P for first transactions. | Use ECGC BEL cover; request bank references. |
| Regulatory compliance | Ensure all product certifications meet Venezuela import standards. | Pre-clear compliance documentation before shipment. |
Possibility
Is this corridor structurally viable?
Yes — India–Venezuela trade is active and growing.
Probability
How likely to generate mandates?
Moderate to High for certified, compliant Indian exporters with correct documentation.
Plausibility
Does the commercial logic hold?
India–Venezuela complementary trade is commercially coherent across multiple verticals.
Product
Pharmaceuticals, engineering goods, textiles, chemicals, agro-food across applicable verticals.
Price
Indian products typically 25–45% below equivalent domestic production in most categories.
Place
India manufacturing hubs → Venezuela via applicable sea/air routes.
Promotion
Bilateral trade fairs, FICCI/CII missions, embassy commercial wings.
People
Vinod Kumar Jain — India principal. Amit Jain — EU/international principal.
Process
Three P filter → qualification → NCNDA introduction → supply agreement → commission.
Physical Evidence
Compliance certificates, COO, commercial documentation, SOP-backed execution.
Partners
FICCI, CII, EEPC, bilateral chambers, Venezuela trade associations.
Performance
2–4 mandates/year targeted. Commission 3–8% of contract value.
Purpose
India's manufacturing capability and Venezuela's market needs create bilateral trade opportunity.
✓ Success conditions
✗ Failure modes
Top verticals
Applicable FTAs
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Discuss on the Forum →Not just bilateral India↔EU. AJG brokers all directions — Unilateral, Bilateral, Trilateral, Multilateral. Each route below is an active mandate configuration we work across both principals.
Trade Intelligence — Venezuela
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