Data Source:National Customs & Tax Administration

Total Import/Export (2023|USD)11.629 billion | 4.760 billion

Top Import Product (2023)121

Top Export Product (2023)121

Top Net Export Product (2023)Petroleum oils and oils obtained from bituminous minerals; crude

Top Export Destination (2023)Petroleum oils and oils obtained from bituminous minerals; crude

Top Import Origin (2023)China

Top Export Gain Index Products (2023)United States

Average Export Gain Index Ranking (2022)Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils

GDP/Capita Ranking (2023)China

Countries with Highest Product Space Overlap (2022)Papua New Guinea

Trade Trend

In 2024, Venezuela's total import value was $11,629,325,735, ranking 108 globally. Among them: the product with the highest import growth rate is Textiles; worn clothing and other worn articles, with a growth rate of 62514766.67%. The import value of this product in Venezuela accounts for 0.04% of the global share. The product with the largest absolute increase in import value is Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c,......, with a growth rate of 19271.58%. The import value of this product in Venezuela accounts for 0.10% of the global share. In 2024, Venezuela's total export value was $4,759,622,146, ranking 121 globally. Among them: the product with the highest export growth rate is Unused postage, revenue or similar stamps of current or new issue in the country......, with a growth rate of 561251.30%. The export value of this product in Venezuela accounts for 0.03% of the global share. The product with the largest absolute increase in export value is Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated deri......, with a growth rate of 213.16%. The export value of this product in Venezuela accounts for 0.91% of the global share.

In 2024, Venezuela's trade deficit was $6,869,703,589, ranking 50 globally. Compared to 2023, the deficit has increased by $147,885,656. Among them, the product that created the largest trade surplus is Petroleum oils and oils obtained from bituminous minerals; crude, while the product that mainly relied on imports is Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c,.......

In 2024, the largest export trading partner of Venezuela was United States, the three types of products that Venezuela exports the most to this country are Petroleum oils and oils obtained from bituminous minerals; crude、Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated deri... and Petroleum coke, petroleum bitumen; other residues of petroleum oils or oils obta.... They respectively account for 70.01%,10.78%,21.4% of Venezuela's exports of these three types of products to the world. They also account for 92.23%,1.53%,0.85% of Venezuela's total exports to the United States respectively. In 2024, the largest import trading partner of Venezuela was China,the three types of products that Venezuela imports the most to this country are Individual cross-border e-commerce goods、Motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, with ... and New pneumatic tyres, of rubber. They respectively account for 70.01%,10.78%,21.4% of Venezuela's imports of these three types of products from the world. They also account for 5.16%,3.76%,3.18% of Venezuela's total imports to the China respectively.

Trade Growth Calculator

Product Composition of Venezuela's Import (2025)

Partner Composition of Venezuela's Import (2025)

Trading Products

  • Live Animals
  • Vegetable Products
  • Fats and Oils
  • Foodstuffs and Beverages
  • Mineral Products
  • Chemical Products
  • Plastic and Rubbers
  • Animal Hides and Furskins
  • Wood Products
  • Paper Goods
  • Textiles
  • Footwear and Headwear
  • Stone and Glass
  • Jewelry
  • Base Metals
  • Machines
  • Transportation
  • Instruments
  • Arms and Ammunition
  • Miscellaneous
  • Arts and Antiques
  • Unclassified

Competitive Markets

Top 3 Competing Economies