The relationship between the U.S. and Venezuela has been marked, perhaps, by dramatic signs at various times, but despite them, it has also been characterized by high constancy that even could be described as consistent and growing. Several Venezuelan governments reiterated nationalist speeches and protest actions on U.S. investments and properties, most of them linked to oil issues, but also have created conditions of stability and harmony among them. Recently relations between both countries have been exacerbated mainly by the Venezuelan government, including threats, open or veiled "breaks" but have not been further declarations and similar demonstrations by the government and the U.S. Congress. This relationship has an inconsistent behavior …show more content…
After that, no major changes occurred in the structure of the exportation package. Sales of products consistently remained above 80% until 2000. In regard to U.S. imports of Venezuelan products, there was a drastic weight of the oil bill (between 90% and 95% of the total) and non-oil sales were mainly products of steel, aluminum, chemicals, and fish. After that, there have been significant changes in certain policies that changed trade between the two countries. Everything seemed to indicate that both countries were going to reduce oil and other different trades. So, Venezuela's market shares of total U.S. oil decreased from 20% in 1973 to 10% in …show more content…
During the first two months of 2015, trade relations between Venezuela and the U.S. recorded a total trade of US$ 4.017 million, representing a decline of 39.85% (US $ 2,661 million) compared with the first quarter of 2014 when the accumulated trade was US $ 6.678 million, this according to information published by the Census Bureau. The net trade balance between Venezuela and the U.S during the period January-February 2015 was US$ 1.417 million, representing a decrease of 65.56% (US $ 2,697 million) compared to a net trade balance in the same period of 2014 but when it was US $ 4.114 million. Regarding Venezuela's total exports, during January-February 2015 according to the Census Bureau, reached a total of US $ 2.717 million, representing a decrease of 49.65% (US $ 2.679 million), this compared to January-February 2014, when total exports reached US $ 5.396 million. On the other hand, imports from the U.S. and according to the figures released by the Census Bureau, they reached US $ 1,299 million for the first quarter of 2015, representing an increase of 1.40% (US $ 17 million) in compared to total imports in the first two months of 2014, when they totaled US $ 1,282