India's view of the world · A factual referenceLast updated 12 May 2026 · Edition 04
COUNTRY RELATIONSHIP · VENEZUELA
India & Venezuela
NAMOilG77South-South
India and Venezuela established diplomatic relations in 1959, building ties through the Non-Aligned Movement and shared positions in the G77 and developing world forums. Venezuela's vast oil reserves made it a significant energy supplier to India in the 2000s, though political upheaval, US sanctions, and economic collapse have severely constrained the relationship since the mid-2010s.
COOPERATION AREAS
Where India and Venezuela actually work together
5 active areas of cooperation, as of July 2026. Click any card for the full brief.
TRADE & INVESTMENT
By the numbers
Figures approximate FY2023–24; down sharply from $1bn+ peak during oil trade era; sanctions and economic crisis heavily impact trade
$0.4bn
Total bilateral trade in goods
$0.3bn
India exports to country
$0.1bn
India imports from country
Trade trajectory · USD bn
$0.4bnin 2023 · click a bar to compare years
TOP TRADED ITEMS
AGREEMENTS & MILESTONES
The relationship since 1947, in 9 dates
CURRENT STATE
Where things stand, 2026
India-Venezuela relations are in a prolonged period of constraint driven by US sanctions, Venezuela's economic collapse, and political uncertainty. Diplomatic relations are maintained and India upholds its non-interference doctrine, but substantive cooperation is limited pending stabilisation.
SIGNALS TO WATCH
On track / positive momentum
In progress / worth watching
Stalled or facing headwinds
Not yet started / unclear
QUICK FACTS
CapitalCaracas
Population28 million
RegionAmericas
Diplomatic tiesSince 1959
Indian diaspora~10,000
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