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.

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.

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 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

The statistic shows the value of goods exported from Venezuela from 2013 to 2023. In 2023, goods with a value of around **** billion U.S. dollars were exported from Venezuela.

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.

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

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

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.

Key information about Venezuela Total Exports

• Venezuela Total Exports expanded 37.5 % YoY in Oct 2014, compared with an increase of 20.9 % YoY in the previous month
• Venezuela Total Exports Growth data is updated monthly, available from Jan 1995 to Oct 2014, with an averaged rate of -0.3 %
• The data reached an all-time high of 129.2 % in May 2011 and a record low of -69.4 % in Jan 2009

• In the latest reports, Venezuela Total Exports recorded 196.9 USD mn 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 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.

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: 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 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.

Key information about Venezuela Exports: ICT Goods

• Venezuela Exports: ICT Goods was reported at 1,256.193 USD th in Dec 2013
• This records an increase from the previous number of 502.873 USD th for Dec 2012
• Venezuela Exports: ICT Goods data is updated yearly, averaging 8,176.144 USD th from Dec 2000 to 2013, with 13 observations
• The data reached an all-time high of 18,016.135 USD th in 2002 and a record low of 502.873 USD th in 2012
• Venezuela Exports: ICT Goods 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: Electronic Sector – Table RF.UNCTAD.ICT: ICT Goods: Total: Export Value

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.

Historical chart and dataset showing Venezuela exports by year from 1960 to 2014.

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.

Venezuela Exports: OP: CVP: Coke & Sulphur data was reported at 23.000 Barrel/Day th in 2016. This records a decrease from the previous number of 37.000 Barrel/Day th for 2015. Venezuela Exports: OP: CVP: Coke & Sulphur data is updated yearly, averaging 35.000 Barrel/Day th from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 54.000 Barrel/Day th in 2008 and a record low of 0.000 Barrel/Day th in 2007. Venezuela Exports: OP: CVP: Coke & Sulphur 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.