Venezuela's total Exports in 2013 were valued at US$87.96 Billion, according to the United Nations COMTRADE database on international trade. Venezuela's main export partners were: Other Asia, Other Europe and the United States. The top three export commodities were: Mineral fuels, oils, distillation products; Organic chemicals and Iron and steel. Total Imports were valued at US$44.95 Billion. In 2013, Venezuela had a trade surplus of US$43.01 Billion.

Key information about Venezuela Total Exports

• Venezuela Total Exports recorded 196.9 USD mn in Oct 2014, compared with 168.7 USD mn in the previous month
• Venezuela Total Exports data is updated monthly, available from Jan 1994 to Oct 2014, with an averaged value of 405.0 USD mn
• The data reached an all-time high of 755.9 USD mn in Dec 2004 and a record low of 134.4 USD mn in Aug 2013

• In the latest reports, Venezuela Total Exports grew 37.5 % YoY in Oct 2014
• Total Imports recorded 3.6 USD bn in Oct 2014, which registered a decrease of 12.8 % year on year
• Venezuela Trade Balance recorded a deficit of 3.4 USD bn in Oct 2014

This statistic shows the most important export partner countries for Venezuela in 2023. In 2023, the most important export partner of Venezuela was the United States with a share of 50 percent in exports.

Key information about Venezuela Total Exports to USA

• Venezuela Total Exports to USA recorded 424.808 USD mn in Nov 2024, compared with 558.679 USD mn in the previous Oct 2024
• Venezuela Total Exports to USA data is updated monthly, available from Jan 1981 to Nov 2024, with an averaged value of 801.135 USD mn
• The data reached an all-time high of 6.046 USD bn in Jul 2008 and a record low of 8.075 USD mn in Apr 2020

Venezuela: Exports of goods and services as percent of GDP: The latest value from 2014 is 16.69 percent, a decline from 24.76 percent in 2013. In comparison, the world average is 43.37 percent, based on data from 172 countries. Historically, the average for Venezuela from 1960 to 2014 is 28.16 percent. The minimum value, 16.69 percent, was reached in 2014 while the maximum of 42.94 percent was recorded in 1974.

The annual change in the volume of exports of goods and services of Venezuela was estimated at about 13.40 percent in 2024. From 1983 to 2024, the annual change rose by around 15.24 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2026, the annual change will decrease by approximately 21.30 percentage points.This indicator describes the change in the volume of exports of goods. The nature of goods involved and their prices have been held constant, so that the change (expressed in percent) refers solely to change in their quantity.

In 2024, exports of crude oil from Venezuela averaged around ******* barrels per day. The country's oil exports have increased in the last two years as some U.S. sanctions were eased. This is also reflected in Venezuela's crude oil production, which rose by nearly ******* barrels per day since 2020.

Exports of goods and services (% of GDP) in Venezuela was reported at 30.72 % in 2017, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Exports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Crude oil and refined petroleum products accounted for less than ** percent of Venezuela's total export value in 2022. The oil industry used to play a primary role in the country's trade market, however because of sanctions and political instability, the role of the oil industry decreased since then. The highest contribution of the period was reported in 2013, at nearly ** percent.

The United States was Venezuela's most important export trading partner of printed reading books in 2017, with an export value of 129 thousand U.S. dollars. Peru followed, with a value of 104 thousand dollars.

Key information about Venezuela Total Exports to China

• Venezuela Total Exports to China recorded 49.396 USD mn in Nov 2024, compared with 37.745 USD mn in the previous month
• Venezuela Total Exports to China data is updated monthly, available from Jan 2000 to Nov 2024, with an averaged value of 125.929 USD mn
• The data reached an all-time high of 1.735 USD bn in Mar 2012 and a record low of 0.031 USD mn in May 2000

Venezuela VE: Exports: % of Goods Exports: Fuel data was reported at 97.668 % in 2013. This records a decrease from the previous number of 98.764 % for 2012. Venezuela VE: Exports: % of Goods Exports: Fuel data is updated yearly, averaging 91.524 % from Dec 1962 (Median) to 2013, with 51 observations. The data reached an all-time high of 98.764 % in 2012 and a record low of 67.175 % in 2011. Venezuela VE: Exports: % of Goods Exports: Fuel data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Exports. Fuels comprise the commodities in SITC section 3 (mineral fuels, lubricants and related materials).; ; World Bank staff estimates through the WITS platform from the Comtrade database maintained by the United Nations Statistics Division.; Weighted average; Merchandise export shares may not sum to 100 percent because of unclassified trade.

Venezuela VE: Exports: % of Goods Exports: Agricultural Raw Materials data was reported at 0.015 % in 2013. This records an increase from the previous number of 0.000 % for 2012. Venezuela VE: Exports: % of Goods Exports: Agricultural Raw Materials data is updated yearly, averaging 0.042 % from Dec 1962 (Median) to 2013, with 51 observations. The data reached an all-time high of 0.438 % in 1990 and a record low of 0.000 % in 2012. Venezuela VE: Exports: % of Goods Exports: Agricultural Raw Materials data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Exports. Agricultural raw materials comprise SITC section 2 (crude materials except fuels) excluding divisions 22, 27 (crude fertilizers and minerals excluding coal, petroleum, and precious stones), and 28 (metalliferous ores and scrap).; ; World Bank staff estimates through the WITS platform from the Comtrade database maintained by the United Nations Statistics Division.; Weighted Average; Merchandise export shares may not sum to 100 percent because of unclassified trade.

Venezuela: Exports of goods and services as percent of GDP: Pour cet indicateur, La Banque mondiale fournit des données pour la Venezuela de 1960 à 2014. La valeur moyenne pour Venezuela pendant cette période était de 28.16 pour cent avec un minimum de 16.69 pour cent en 2014 et un maximum de 42.94 pour cent en 1974.

Key information about Venezuela Exports: Medicinal and Pharmaceutical Product

• Venezuela Exports: Medicinal and Pharmaceutical Product was reported at 14,897.401 USD th in Dec 2023
• This records an increase from the previous number of 8,009.534 USD th for Dec 2022
• Venezuela Exports: Medicinal and Pharmaceutical Product data is updated yearly, averaging 8,009.534 USD th from Dec 1995 to 2023, with 29 observations
• The data reached an all-time high of 70,941.286 USD th in 2011 and a record low of 2,330.076 USD th in 1995
• Venezuela Exports: Medicinal and Pharmaceutical Product data remains active status in CEIC and is reported by United Nations Conference on Trade and Development
• The data is categorized under World Trend Plus’s Association: Pharmaceutical and Biotechnology Sector – Table RT.UNCTAD.MPP: Medicinal and Pharmaceutical Product: Exports Value by Individual Economies and Territories

This statistic shows the estimated value of exported commodities from Venezuela in 2023. In 2023, agricultural products with an estimated worth of 44.67 million U.S. dollars were exported from Venezuela.

Venezuela Exports: OP: PDVSA Petroleum: Asphalt data was reported at 8.000 Barrel/Day th in 2016. This records an increase from the previous number of 7.000 Barrel/Day th for 2015. Venezuela Exports: OP: PDVSA Petroleum: Asphalt data is updated yearly, averaging 5.000 Barrel/Day th from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 16.000 Barrel/Day th in 2006 and a record low of 0.000 Barrel/Day th in 2010. Venezuela Exports: OP: PDVSA Petroleum: Asphalt data remains active status in CEIC and is reported by Petroleos de Venezuela S.A.. The data is categorized under Global Database’s Venezuela – Table VE.RB008: Energy Overview: Petroleum Exports. PDVSA is a state owned corporation established in 1975 that controls the nationalized oil industry of Venezuela. Its activities include exploration, production, refining, transport and commerce of hydrocarbons. Th Barrel/Day means the average export volume per day. To calculate the annual figure, multiply the data by 365 days. However, please take note that no products are being exported during Saturdays, Sundays and Public Holiday in Venezuela.

Venezuela trade to gdp ratio for 2014 was 48.09%, a 6.19% decline from 2013.

<ul style='margin-top:20px;'>

<li>Venezuela trade to gdp ratio for 2013 was <strong>54.28%</strong>, a <strong>3.87% increase</strong> from 2012.</li>
<li>Venezuela trade to gdp ratio for 2012 was <strong>50.40%</strong>, a <strong>0.77% increase</strong> from 2011.</li>
<li>Venezuela trade to gdp ratio for 2011 was <strong>49.64%</strong>, a <strong>3.5% increase</strong> from 2010.</li>
</ul>Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

The annual change in exports of trade goods and services from Venezuela was estimated at about 11.91 percent in 2024. From 1983 to 2024, the annual change rose by around 4.80 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2026, the annual change will decrease by approximately 20.02 percentage points.This indicator describes the change in the volume of exports of goods and services. Hereby the percent change refers to the aggregate change in the quantities of total exports. To this end, the nature of goods and services involved and their prices have been held constant.

In 2023, Asia (excl China) was the main region of destination for Venezuelan crude oil exports, with an average of 248 thousand barrels per day. This represented 45 percent of the South American country's oil exports that year. Meanwhile, exports to Latin America amounted to some 28 thousand barrels per day. The United States was once amongst the leading destinations for Venezuelan oil, but exports dropped drastically following sanctions imposed by the U.S. government in 2018.