Venezuela, which borders Colombia, Brazil, and Guyana, is a country in northern South America. Caracas is its capital. As per Venezuela export data, the country's economy grew to a GDP of over USD 139 billion in 2023, with total exports of about USD 8.4 billion, mostly from mineral fuels and oil.
Venezuela ranked 95th among global exporters, reflecting its limited but oil-dominated trade activity.
Venezuela contributed approximately 0.03% to the world’s total exports, primarily due to sanctions and declining production capacity.
The United States was Venezuela’s top export destination, receiving about 30% of its total exports, largely crude and refined oil.
Mineral fuels and oils (HS Code 27) made up nearly 80% of Venezuela’s total exports, underscoring the country’s oil-dependent economy.
As per Venezuela trade data, mineral fuels and oils make up about 80% (~USD 10.8 billion) of Venezuela's total exports, with lesser but significant shipments of iron and steel, organic chemicals, fish and crustaceans, and aluminum coming in second and third. Ores and slag, fertilizers, copper, cocoa, and beverages are other important sectors that make up the top 10 and account for little more than 97% of export value.
As per Venezuela trade statistics, with 30% of its exports going to the US, Venezuela's top export destination in 2023 was the US, followed by China with 25%. India (15%), Brazil (10%), the Netherlands (5%), Singapore (4%), Spain (3%), Colombia (2%), Italy (1.5%), and Japan (1%) are other important partners.
All shipments by land, air, and sea are covered by the 100% comprehensive customs detailed data for Venezuela. Gain access to a sizable dataset with crucial trade attributes that enable in-depth analysis at every level. Businesses, analysts, and politicians may monitor all facets of export operations with this comprehensive data, from product descriptions and shipment sources to pricing and modes of transportation. Users may pinpoint market opportunities, analyze supplier performance, and spot sourcing patterns with full insight into every transaction. This information is a vital starting point for strategic decision-making, whether you're keeping an eye on rivals or preparing to enter the Venezuelan market. The data contains all required fields:
