Which of the three countries (Chile, Peru, Venezuela) has the most favorable geographical position? Why?

Given this option solely for conducting trade with the rest of the world, Venezuela has the best geographical position. Due to direct access to the Atlantic Ocean, as well as the presence of the nearby Panama Canal, the country has the opportunity to trade with Europe, Asia and the United States.
In addition, due to the large reserves of oil and gas, the country’s income from the export of “black” gold is almost 90% of the total, and the country’s GDP level depends on oil production by 25%.