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.

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

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.

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.

In 2019, José Terminal, located in northeastern Venezuela, was by far the most important crude oil loading point in the country, accounting for nearly 90 percent of oil export loadings. Amuay Bay's lightering zone trailed in second, with a five percent share of barrels loaded. That year, Venezuela's crude oil production averaged 920 thousand barrels per day.

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.

Venezuela Exports of iron and steel was US$303.42 Million during 2013, according to the United Nations COMTRADE database on international trade. Venezuela Exports of iron and steel - data, historical chart and statistics - was last updated on July of 2025.

Key information about Venezuela Crude Oil: Exports

• Venezuela Crude Oil: Exports was reported at 550.168 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 438.173 Barrel/Day th for Dec 2022
• Venezuela Crude Oil: Exports data is updated yearly, averaging 1,546.840 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 2,243.900 Barrel/Day th in 1998 and a record low of 438.173 Barrel/Day th in 2022
• Venezuela Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports

Top Export Products of Venezuela with Export value and Year on Year growth comparison

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.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Spain was the leading country of destination for car exports from Venezuela in 2020, with exports amounting to 123,200 U.S. dollars. That same year, Venezuelan exports of cars into the United States totaled some 92,700 U.S. dollars.

Venezuela exported about 436 thousand U.S. dollars worth of printed reading books to various countries across the globe, such as the United States, France, and Israel. The country's highest exporting year within the period presented was in 2014 when the value reached one million U.S. dollars.

Venezuela GDP: Goods & Services Exports data was reported at 617,089.262 VES th in 2017. This records an increase from the previous number of 90,221.919 VES th for 2016. Venezuela GDP: Goods & Services Exports data is updated yearly, averaging 1,438.564 VES th from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 617,089.262 VES th in 2017 and a record low of 104.630 VES th in 1998. Venezuela GDP: Goods & Services Exports data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.A014: SNA 1993: GDP: Main Aggregates: Bolivar Soberano.

In 2023, exports of crude oil from Venezuela averaged around 550 thousand barrels per day. The country's oil exports have been annually decreasing since 2015 as a result of a combination of poor governance and U.S. sanctions following political turmoil. This is also reflected in Venezuela's crude oil production, which dropped by some 75 percent in the same time span.

The Dominican Republic was the leading country of destination of Venezuela's antibiotic exports in 2015, with an exports value of *** thousand U.S. dollars. Malaysia was the second leading country of destination, with *** thousand dollars worth of antibiotics exports in that same year. Venezuela's antibiotic exports reached a total of *** thousand U.S. dollars in 2015.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Venezuela's oil production has plummeted in the past decade, dipping to around 960,000 barrels per day in 2024. This represents around than one-third of the country's production in 2010. Venezuela is among the countries with the largest oil reserves worldwide.

Saudi Arabia is the largest generator of crude oil export value for the Organization of the Petroleum Exporting Countries (OPEC). In 2024, its oil export revenues totaled 179 billion U.S. dollars, compared to Iraq’s 93 billion U.S. dollars. Saudi Arabia is also the largest OPEC crude oil exporter, at over six million barrels per day. In total, the OPEC' export revenue stream reached 550 billion U.S. dollars in 2024. What is the OPEC? The OPEC was founded in 1960 in Baghdad with just five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). Currently, there are 12 member states, accounting for about 80 percent of the world’s global crude oil reserves. OPEC’s market decisions have a significant influence on the global oil market as well as international relations, especially in times of civil unrest that can disrupt fuel supplies. The mission of the organization is to coordinate petroleum policies of its members and to ensure the stabilization of oil markets. The OPEC also provides information about the global oil market.