Summary
- Exports
- $13.9billion
- Imports
- $13.7billion
- Trade balance
- +$279million
Products
What it exports
Crude petroleum (70.4%) and petroleum coke and bitumen (3.5%) together make up 73.8% of its exports.
What it imports
Refined petroleum (17%) and motorcycles (2.7%) together make up 19.7% of its imports.
By Harmonized System chapter (96)
| Chapter | Exports | Imports |
|---|---|---|
| 27 · Oil, gas and coal | $10.8 billion | $2.3 billion |
| 72 · Iron and steel | $464 million | $156 million |
| 29 · Organic chemicals | $448 million | $149 million |
| 03 · Fish and seafood | $360 million | $10 million |
| 71 · Gems and precious metals | $321 million | $18 million |
| 76 · Aluminum | $318 million | $45 million |
| 26 · Ores and slag | $297 million | $22 thousand |
| 31 · Fertilizers | $212 million | $26 million |
| 74 · Copper | $134 million | $52 million |
| 18 · Cocoa and chocolate | $108 million | $39 million |
| 16 · Prepared meat and fish | $77 million | $106 million |
| 22 · Beverages and spirits | $74 million | $59 million |
| 85 · Electrical and electronic equipment | $40 million | $1.2 billion |
| 44 · Wood | $39 million | $19 million |
| 28 · Inorganic chemicals | $34 million | $57 million |
| 07 · Vegetables | $23 million | $112 million |
| 48 · Paper and paperboard | $16 million | $222 million |
| 12 · Oilseeds and grains | $15 million | $60 million |
| 09 · Coffee, tea and spices | $15 million | $7 million |
| 19 · Baked goods and cereal products | $13 million | $290 million |
| 21 · Food preparations | $11 million | $163 million |
| 78 · Lead | $10 million | $197 thousand |
| 39 · Plastics | $8 million | $702 million |
| 25 · Salt, stone and cement | $8 million | $17 million |
| 84 · Mechanical machinery | $8 million | $1.4 billion |
| 41 · Hides and leather | $6 million | $745 thousand |
| 15 · Fats and oils | $6 million | $289 million |
| 52 · Cotton | $6 million | $32 million |
| 30 · Pharmaceuticals | $5 million | $289 million |
| 97 · Art and antiques | $5 million | $766 thousand |
| 68 · Stone, plaster and cement articles | $4 million | $24 million |
| 49 · Books and printed matter | $4 million | $13 million |
| 05 · Other animal products | $4 million | $1 million |
| 70 · Glass | $3 million | $41 million |
| 11 · Milling products and malt | $2 million | $107 million |
| 35 · Glues, starches and enzymes | $2 million | $44 million |
| 83 · Miscellaneous metal goods | $2 million | $54 million |
| 08 · Fruit and nuts | $2 million | $47 million |
| 79 · Zinc | $2 million | $3 million |
| 20 · Preserved fruit and vegetables | $2 million | $110 million |
| 73 · Iron and steel products | $2 million | $243 million |
| 90 · Precision and medical instruments | $1 million | $219 million |
| 38 · Miscellaneous chemicals | $1 million | $122 million |
| 40 · Rubber | $988 thousand | $215 million |
| 04 · Dairy, eggs and honey | $944 thousand | $138 million |
| 23 · Animal feed and food waste | $942 thousand | $353 million |
| 01 · Live animals | $725 thousand | $18 million |
| 87 · Vehicles | $707 thousand | $1.1 billion |
| 17 · Sugar and sweets | $631 thousand | $314 million |
| 33 · Perfumes and cosmetics | $617 thousand | $194 million |
| 96 · Other manufactured goods | $534 thousand | $67 million |
| 34 · Soap and cleaning products | $507 thousand | $190 million |
| 64 · Footwear | $399 thousand | $145 million |
| 95 · Toys and sports gear | $385 thousand | $148 million |
| 63 · Home textiles and used clothing | $372 thousand | $76 million |
| 02 · Meat and offal | $364 thousand | $17 million |
| 89 · Ships and boats | $359 thousand | $3 million |
| 62 · Woven clothing | $343 thousand | $121 million |
| 56 · Felt, nonwovens and rope | $276 thousand | $18 million |
| 94 · Furniture and lighting | $262 thousand | $213 million |
| 13 · Gums and plant extracts | $261 thousand | $10 million |
| 88 · Aircraft and spacecraft | $225 thousand | $6 million |
| 61 · Knitted clothing | $185 thousand | $147 million |
| 42 · Leather goods and bags | $181 thousand | $55 million |
| 10 · Cereals | $130 thousand | $700 million |
| 32 · Dyes, paints and tanning agents | $127 thousand | $78 million |
| 69 · Ceramics | $120 thousand | $73 million |
| 58 · Special fabrics and lace | $110 thousand | $6 million |
| 36 · Explosives and matches | $96 thousand | $3 million |
| 67 · Feathers and artificial flowers | $93 thousand | $10 million |
| 91 · Watches and clocks | $73 thousand | $35 million |
| 24 · Tobacco | $68 thousand | $11 million |
| 81 · Other base metals | $56 thousand | $536 thousand |
| 65 · Hats | $52 thousand | $15 million |
| 55 · Synthetic staple fibers | $51 thousand | $27 million |
| 82 · Tools and cutlery | $45 thousand | $60 million |
| 86 · Railway equipment | $24 thousand | $7 million |
| 57 · Carpets and rugs | $23 thousand | $11 million |
| 45 · Cork | $18 thousand | $402 thousand |
| 54 · Synthetic filaments | $16 thousand | $32 million |
| 47 · Wood pulp | $13 thousand | $25 million |
| 92 · Musical instruments | $8 thousand | $517 thousand |
| 46 · Wicker and basketware | $4 thousand | $329 thousand |
| 93 · Weapons and ammunition | $3 thousand | $1 million |
| 80 · Tin | $2 thousand | $1 million |
| 59 · Coated and technical textiles | $2 thousand | $16 million |
| 66 · Umbrellas and canes | $1 thousand | $6 million |
| 37 · Photographic goods | $960 | $3 million |
| 50 · Silk | $515 | $30 thousand |
| 75 · Nickel | $476 | $112 thousand |
| 60 · Knitted fabric | $280 | $69 million |
| 06 · Live plants and flowers | $51 | $949 thousand |
| 53 · Other plant fibers | $0 | $453 thousand |
| 14 · Other plant products | $0 | $221 thousand |
| 43 · Fur and fur goods | $0 | $118 thousand |
| 51 · Wool | $0 | $117 thousand |
Trading partners
Its main destination is the United States (45.2% of exports) and its main source is China (35.1% of imports).
Who it sells to
| Partner | Value (USD billions) | Share | Mode |
|---|---|---|---|
| United States | 6.3 | 45.2% | Sea |
| India | 2 | 14.6% | Sea |
| China | 1.6 | 11.5% | Sea |
| Spain | 1.4 | 10.4% | Sea |
| Brazil | 0.47 | 3.4% | Sea |
| Turkey | 0.36 | 2.6% | Sea |
| Lebanon | 0.32 | 2.3% | Air |
| Italy | 0.3 | 2.1% | Sea |
| Netherlands | 0.23 | 1.6% | Sea |
| Colombia | 0.13 | 0.96% | Sea |
Overview 1995–2024
In 2024, Venezuela accounted for 0.06% of world exports, compared with 0.4% in 1995.
Exports and imports
Exports fell 31% since 1995
USD billions (current). Bars: trade balance (green surplus, red deficit).
- Exports 13.9
- Imports 13.7
- Balance +0.3
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $20.3 billion | $11.8 billion | $8.5 billion |
| 1996 | $24.9 billion | $10.2 billion | $14.7 billion |
| 1997 | $25.8 billion | $14.6 billion | $11.2 billion |
| 1998 | $21 billion | $16.1 billion | $4.8 billion |
| 1999 | $21.9 billion | $14.3 billion | $7.6 billion |
| 2000 | $32.8 billion | $16 billion | $16.8 billion |
| 2001 | $28.1 billion | $18 billion | $10.1 billion |
| 2002 | $28.3 billion | $12.9 billion | $15.4 billion |
| 2003 | $31.5 billion | $9.1 billion | $22.4 billion |
| 2004 | $39.4 billion | $16.2 billion | $23.2 billion |
| 2005 | $55.9 billion | $23.5 billion | $32.3 billion |
| 2006 | $67.1 billion | $28.6 billion | $38.5 billion |
| 2007 | $63.3 billion | $36.3 billion | $27.1 billion |
| 2008 | $103.1 billion | $49.2 billion | $53.8 billion |
| 2009 | $53.8 billion | $39.7 billion | $14.2 billion |
| 2010 | $69.2 billion | $36.5 billion | $32.7 billion |
| 2011 | $93.7 billion | $50.3 billion | $43.4 billion |
| 2012 | $107.6 billion | $59.8 billion | $47.8 billion |
| 2013 | $106.6 billion | $44.9 billion | $61.7 billion |
| 2014 | $70.5 billion | $38 billion | $32.5 billion |
| 2015 | $38 billion | $27.8 billion | $10.2 billion |
| 2016 | $30.8 billion | $15.6 billion | $15.3 billion |
| 2017 | $33.7 billion | $10.3 billion | $23.5 billion |
| 2018 | $37.7 billion | $11.4 billion | $26.3 billion |
| 2019 | $18.7 billion | $6.4 billion | $12.3 billion |
| 2020 | $5.9 billion | $6.5 billion | -$585 million |
| 2021 | $4.8 billion | $7.2 billion | -$2.4 billion |
| 2022 | $4.9 billion | $9.7 billion | -$4.7 billion |
| 2023 | $7.7 billion | $10.2 billion | -$2.5 billion |
| 2024 | $13.9 billion | $13.7 billion | $279 million |
World rank
Venezuela fell from 38th to 90th among the world's exporters
Rank among 222 countries by export value (1st at the top).
- 38th in 1995
- 90th in 2024
Source: CEPII BACI
Show the numbers
| Year | Rank |
|---|---|
| 1995 | 38th |
| 1996 | 37th |
| 1997 | 38th |
| 1998 | 42nd |
| 1999 | 42nd |
| 2000 | 35th |
| 2001 | 41st |
| 2002 | 41st |
| 2003 | 42nd |
| 2004 | 39th |
| 2005 | 39th |
| 2006 | 40th |
| 2007 | 43rd |
| 2008 | 35th |
| 2009 | 45th |
| 2010 | 46th |
| 2011 | 42nd |
| 2012 | 39th |
| 2013 | 38th |
| 2014 | 50th |
| 2015 | 55th |
| 2016 | 60th |
| 2017 | 60th |
| 2018 | 60th |
| 2019 | 75th |
| 2020 | 111th |
| 2021 | 126th |
| 2022 | 129th |
| 2023 | 115th |
| 2024 | 90th |
What it sells
Its top export group is still oil, gas and coal: 78% in 2024
% of exports by Harmonized System chapter.
- Other 5%
- Fertilizers 2%
- Ores and slag 2%
- Aluminum 2%
- Gems and precious metals 2%
- Fish and seafood 3%
- Organic chemicals 3%
- Iron and steel 3%
- Oil, gas and coal 78%
Source: CEPII BACI
Show the numbers
| Chapter | 1995 | 2024 |
|---|---|---|
| Oil, gas and coal | 70.4% | 77.6% |
| Iron and steel | 4.4% | 3.3% |
| Organic chemicals | 2.6% | 3.2% |
| Fish and seafood | 0.57% | 2.6% |
| Gems and precious metals | 0.77% | 2.3% |
| Aluminum | 6.6% | 2.3% |
| Ores and slag | 1.2% | 2.1% |
| Fertilizers | 0.64% | 1.5% |
| Other | 12.7% | 5.1% |
Who it trades with
China went from 0.3% to 23% of Venezuela's trade
% of total trade (exports + imports) with each partner.
- United States 38%
- China 23%
- India 8%
- Brazil 6%
- Spain 6%
Source: CEPII BACI
Show the numbers
| Partner | 1995 | 2024 |
|---|---|---|
| United States | 47.2% | 37.8% |
| China | 0.25% | 23.2% |
| India | 0.09% | 8.2% |
| Brazil | 4.6% | 6.1% |
| Spain | 1.4% | 6% |
Production hubs
Largest industrial emission sources (Climate TRACE, 2025)
- Maturin basin (heavy oil)
- Maturin basin (conventional onshore)
- Maracaibo basin
Largest economic production hubs (gridded GDP, 2024)
- Caracas
- Maracaibo
- Valencia (Carabobo)
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- Climate TRACE · CC BY 4.0 (emissions by asset; the 3 largest per country are shown)
- Kummu et al., gridded GDP · CC BY 4.0 (hubs aggregated by this site)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.