Previously, Venezuela generated income from the export of a variety of products and raw materials.
Currently these levels of domestic production have decreased and even items have completely disappeared.
Converted into a country totally dependent on oil income, we could suppose that the state industry has increased production and operating levels. This is not like this.
Venezuela's state oil industry PDVSA is currently in default. It does not meet payments to its creditors, workers do not have security conditions and production has fallen to levels of 30 years ago. Currently 500K barrels per day.