<h1>India's Trade Imbalance with Venezuela from 2014-2017: Crude Oil Imports Dominate, Exports Decline Amid Financial Crisis.</h1> India's trade with Venezuela from 2014 to 2017 shows a significant trade imbalance favoring Venezuela due to India's substantial crude oil imports. Despite a reduction in the monetary value of imports caused by falling global oil prices, the import volume remains unchanged. India's exports to Venezuela have decreased, attributed to Venezuela's financial crisis and stringent foreign exchange controls, complicating income repatriation for Indian companies. Efforts to resolve outstanding payments with the Venezuelan government have been unresponsive. India aims to bolster exports by focusing on products where it has export competence, as reported by the Commerce and Industry Minister in a Lok Sabha session.