[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · VEN · 2024
Venezuela trade profile
In 2024, Venezuela recorded $13.2B in merchandise exports and $14.3B in imports, producing a $1.1B trade deficit. Exports changed +82.1% from the previous year, while imports changed +36.4%.[1]
Exports
$13.2B
+82.1%
Imports
$14.3B
+36.4%
Trade balance
-$1.1B
deficit
Active partners
270
5 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$10.1B
HS 27 · Mineral fuels and oils
29 active HS6 lines · 34 export partners
2$438.0M
HS 72 · HS chapter
135 active HS6 lines · 24 export partners
3$398.8M
HS 29 · Organic chemicals
332 active HS6 lines · 55 export partners
4$345.8M
HS 03 · HS chapter
95 active HS6 lines · 50 export partners
5$344.5M
HS 71 · Precious metals and stones
33 active HS6 lines · 44 export partners
6$304.6M
HS 76 · HS chapter
35 active HS6 lines · 39 export partners
7$258.0M
HS 26 · HS chapter
11 active HS6 lines · 6 export partners
8$197.6M
HS 31 · HS chapter
24 active HS6 lines · 7 export partners
Leading export markets
Destinations rank bilateral export flows from Venezuela; growth describes each corridor rather than the whole economy.
1$6.0B
United States
Annual change +65.2% · 3-year CAGR 170.5%
2$1.9B
India
Annual change +962.1% · 3-year CAGR 178.8%
3$1.4B
China
Annual change +123.6% · 3-year CAGR 18.9%
4$1.4B
Spain
Annual change +116.3% · 3-year CAGR 172.8%
5$427.5M
Brazil
Annual change +2.5% · 3-year CAGR 38.0%
6$312.9M
Türkiye
Annual change -6.7% · 3-year CAGR -14.4%
7$297.3M
Lebanon
Annual change +204.6% · 3-year CAGR 32.4%
8$285.5M
Italy
Annual change +76.0% · 3-year CAGR 30.3%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.