Country export capability

Venezuela
export capability

A reported view of Venezuela's export scale, destination network, sector breadth, trade history, and market-access context. Use the indicators together; no single measure describes export readiness on its own.

VEN1995-2024 coverage270 active partner marketsMacro trend resilient
Latest exports$13.2B2024 reported value
Latest imports$14.3B2024 reported value
Trade balance-$1.1BExports minus imports
Export growth+82.1%Latest year-on-year change
Active partners270Latest reported markets

Country export profile overview

Venezuela export data in one research view

This profile brings together export performance, trade balance, destination markets, HS2 sectors, partner breadth, history, and market-access context for country export research.

Export scale and balance

Start with the latest reported trade position

In 2024, Venezuela recorded $13.2B in exports and $14.3B in imports. The resulting -$1.1B trade balance gives the latest country-level position a clear context.

Exports changed +82.1% year on year and show a calculated +44.4% three-year CAGR. CAGR is an annualized comparison of reported values, not a forecast.

Markets and sectors

See where export value is concentrated

USA, Puerto Rico and US Virgin Islands received $6.0B in reported exports, representing 45.4% of the latest country total. Mineral fuels was the largest displayed HS2 export sector at $10.1B and 76.6% of exports.

The visible page highlights five leading destinations and five leading HS2 sectors, while the complete structured files retain every row supplied for this sample.

History and coverage

Read today's number against the long series

The country series covers 1995 through 2024, with 30 observed annual rows. That longer view helps separate a single-year movement from the broader export trend.

Partner counts, tariff context, concentration, exposure shares, and momentum are supporting indicators calculated from available trade observations. Missing values remain unavailable rather than estimated.

Economy and structure

The context around Venezuela's export base

Macroeconomic and structural indicators add context to merchandise trade scale. They describe the country environment; they do not predict company performance or future exports.

GDP$119.8B2024 macro context
GDP per capita$4.2KCurrent-dollar GDP
Population28.4MReported population
Labor force13.6KReported labor force
Investment rate20.6%National investment rate
Savings rate16.2%National savings rate
Trade openness14.4%Exports + imports / GDP
Exports / GDP6.9%Merchandise exports / GDP
Secondary education71%Education context
Tertiary education14.5%Education context

Market signals

Where to look more closely next

Route-level risk and emerging-corridor signals for further research. These are calculated indicators, not forecasts.

Destination risk contextAll covered routes
Destination risk context for Venezuela
DestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
USA, Puerto Rico and US Virgin IslandsUSACritical attention96.7%85.4%1.9%Buyer-market concentration is the largest observed corridor exposure
ChinaCHNCritical attention99.8%69.7%30.2%Tariff, distance or agreement conditions create market-access friction
TurkeyTURCritical attention99.7%54.2%9%Tariff, distance or agreement conditions create market-access friction
ItalyITACritical attention98.2%18.4%1.1%Tariff, distance or agreement conditions create market-access friction
IndiaINDHigh attention99.8%79.4%51.9%Tariff, distance or agreement conditions create market-access friction
BrazilBRAWatch39.7%23.7%28.1%Volatile products account for the largest observed corridor exposure
Dominican RepublicDOMCritical attention92.3%48.8%9.8%Volatile products account for the largest observed corridor exposure
GuyanaGUYCritical attention100%92.1%Not reportedCurrent trade remains materially below historical peaks
LebanonLBNHigh attention99.9%0%9.1%Buyer-market concentration is the largest observed corridor exposure
NetherlandsNLDHigh attention53.5%8.9%1.1%Tariff, distance or agreement conditions create market-access friction

Full route coverage is retained. High attention means the route deserves closer product and access review.

Market opportunity signals

Product-market combinations worth investigating

All returned rows use buyer demand, exporter position, and calculated addressable-value fields. They are research signals, not forecasts.

Addressable-value signalsAll returned rows
Market opportunity signals for Venezuela
RankMarket and productBuyer importsAddressable 3-year valueCurrent shareDemand signal
1ChinaHS6 260111 · Iron ores and concentrates: non-agglomerated$111.0B$118.8B0.2%Accelerating -2.6%
2USA, Puerto Rico and US Virgin IslandsHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$165.0B$109.1B3.4%Stable +1.1%
3ChinaHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$291.6B$97.6B0.2%Growing -6.7%
4ChinaHS6 854231 · Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits$158.0B$93.1B0%Accelerating +10.5%
5IndiaHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$130.1B$70.6B1.2%Growing -0.5%
6ChinaHS6 854232 · Electronic integrated circuits: memories$80.6B$65.7B0%Declining +20.6%
7ChinaHS6 854239 · Electronic integrated circuits: n.e.c. in heading no. 8542$81.8B$61.4B0%Accelerating +4%
8USA, Puerto Rico and US Virgin IslandsHS6 851712 · Telephones for cellular networks or for other wireless networks$53.9B$53.8B0%Growing -8.8%

Addressable value is a calculated field. Validate product, buyer, tariff, and route conditions before commercial decisions.

Detailed export portfolioHS4 lines beneath the leading sectorsOpen the detailed four-digit export table for Venezuela.
All HS4 export lines2024 ranking
Top HS4 export lines for Venezuela
RankHS4Parent HS2 sectorExportsShareActive HS6
12709HS4 detail codeMineral fuels (27) ↗$9.3B70.1%1
22713HS4 detail codeMineral fuels (27) ↗$407.9M3.1%4
32905HS4 detail codeOrganic chemicals (29) ↗$395.5M3%19
47108HS4 detail codePrecious stones and metals (71) ↗$340.6M2.6%2
57204HS4 detail codeIron and steel (72) ↗$269.1M2%6
62710HS4 detail codeMineral fuels (27) ↗$258.2M2%4
77601HS4 detail codeAluminium (76) ↗$247.8M1.9%2
82601HS4 detail codeOres, slag and ash (26) ↗$242.8M1.8%2
90306HS4 detail codeFish and crustaceans (03) ↗$241.0M1.8%14
103102HS4 detail codeFertilisers (31) ↗$196.1M1.5%9
117404HS4 detail codeCopper (74) ↗$113.1M0.9%1
122715HS4 detail codeMineral fuels (27) ↗$102.2M0.8%1

HS4 values are reported observations. The hierarchy is preserved; no missing descriptions are inferred.

The country export read

Venezuela combines $13.2B in exports with a broad partner network.

In 2024, Venezuela recorded $13.2B in reported exports and $14.3B in imports, producing a reported trade deficit of $1.1B. Exports changed +82.1% year on year and +44.4% annualized over three years. Mineral fuels (HS2 27) was the largest displayed export sector by value.

Destination network

Where Venezuela exports move

All returned destination lanes ranked by latest reported export value. Share is calculated against the country total. Review sources ↗

Latest reported destination lanesAll returned · 2024
Leading export destinations for Venezuela
RankDestinationLatest exportsShareYear-on-year3-year CAGR
1USA, Puerto Rico and US Virgin IslandsUSA$6.0B45.4%+65.2%+170.5%
2IndiaIND$1.9B14.1%+962.1%+178.8%
3ChinaCHN$1.4B11%+123.6%+18.9%
4SpainESP$1.4B10.3%+116.3%+172.8%
5BrazilBRA$427.5M3.2%+2.5%+38%
6TurkeyTUR$312.9M2.4%-6.7%-14.4%
7LebanonLBN$297.3M2.3%+204.6%+32.4%
8ItalyITA$285.5M2.2%+76%+30.3%
9NetherlandsNLD$208.4M1.6%+32.2%+7.7%
10CubaCUB$133.5M1%-2%-51.2%

Destination values are reported country-to-country observations. Full returned rows remain in the downloads.

Trade history

A long view of export scale

Latest twelve years from the 30-year reported country series. Context, not a forecast.

Reported exports by year

2013
$86.3B
2014
$74.4B
2015
$39.5B
2016
$30.5B
2017
$33.3B
2018
$37.1B
2019
$14.9B
2020
$5.4B
2021
$4.4B
2022
$4.5B
2023
$7.2B
2024
$13.2B

Partner network

Scale is only one part of export capability

Partner breadth, distance, agreements, and tariffs add context to reported exports.

FTA partner markets5Reported count
WTO partner markets169Reported count
EU partner markets28Reported count
Shared-border partners3Country context
Shared-language partners24Country context
Average partner distance9,222 kmCalculated average
Partners with FTA1.9%Calculated share
Applied tariff context0.1%Calculated average
MFN tariff context0.1%Calculated average
Tariff advantage+0.1 ppPreferential vs MFN

Exposure context

Signals to examine alongside export scale

Calculated or classified route and country context. Not predictions or recommendations.

Attention share84%

Covered value under attention

Critical share48.6%

Covered value marked critical

Below historical peak66.2%

Distance below route peaks

FTA-covered exports1.1%

Covered value with FTA context

Weighted tariff context0.1%

Export-weighted tariff

Macro contextMacro trend resilient

Primary attention driver: Market access exposure.

Momentum score70.8

History-based indicator

Partner concentration2,516.3

Partner HHI

Product concentration4,955.5

Product HHI

Country attention level: Critical attention. Missing fields remain unavailable.

Complete country valuesOpen the full profile evidenceFull history, sectors, HS4, destinations, risk, opportunities, and source fields.

Profile fields

Year2,024
Country Iso3VEN
Exports Usd$13.2B
Imports Usd$14.3B
Trade Balance Usd-$1.1B
Yoy Exports Growth Pct82.1%
Yoy Imports Growth Pct36.4%
Exports Cagr 3y Pct44.4%
Imports Cagr 3y Pct23%
Export Partner Hhi2,516.3
Export Product Hhi4,955.5
Momentum Score70.8
Risk Score37.4
Gdp Million Usd119,802.96 million USD
Gdp Per Capita Usd$4.2K
Population28,405,543
Labor Force13,647.6
Investment Rate Pct20.6%
Savings Rate Pct16.2%
Secondary Education Pct71%
Tertiary Education Pct14.5%
Total Factor Productivity531.1
Trade Openness Pct14.4%
Exports Gdp Pct6.9%
Num Active Partners270
Num Fta Partners5
Num Wto Partners169
Num Eu Partners28
Num Shared Border Partners3
Num Shared Language Partners24
Avg Partner Distance Km9,222 km
Avg Partner Gdp Million Usd533,678,518.33 million USD
Avg Partner Gdp Per Capita Usd$15.8
Avg Buyer Biz Entry DaysNot reported
Avg Buyer Biz Entry Cost PctNot reported
Pct Partners With Fta2
Pct Partners Shared Language9
Pct Partners Shared Border1
Avg Applied Tariff Pct0.1%
Avg Mfn Tariff Pct0.1%
Avg Preferential Tariff Pct0%
Tariff Advantage Pp+0.1 pp
Avg Distance All Partners Km9,023
Num Border Partners75
Num Colonial Partners25
Avg Substitution Elasticity-9.8
Pct Products High Elasticity70
Pct Products Low Elasticity4
Real Market Potential200,308.3
Foreign Market Potential9,461

Exposure fields

Country Iso3VEN
All History Lane Count5,503
Current Lane Count496
Critical Lane Count14
High Attention Lane Count156
High Volatility Lane Count251
Unrecovered Drawdown Lane Count242
Declining Demand Lane Count1
Concentrated Market Lane Count234
Access Friction Lane Count210
Buyer Macro Weakness Lane Count19
Monitored Exports Current Usd$13.0B
Attention Exports Usd$10.9B
Critical Exports Usd$6.3B
High Volatility Exports Usd$2.1B
Unrecovered Drawdown Exports Usd$9.3B
Non Fta Exports Usd$12.8B
Monitored Attention Share Pct84%
Monitored Critical Share Pct48.6%
Fta Covered Exports Share Pct1.1%
Export Weighted Volatility Cv0.9
Export Weighted Below Peak Pct66.2%
Export Weighted Distance Km7,280 km
Export Weighted Tariff Pct0.1%
Latest Data Year2,024
First Data Year1,995
Country Years Count30
Total Exports Latest Usd$13.2B
Total Imports Latest Usd$14.3B
Trade Balance Latest Usd-$1.1B
Exports Yoy Latest Pct82.1%
Exports Cagr 3y Latest Pct44.4%
Gdp Latest Million Usd119,802.96 million USD
Gdp Per Capita Latest Usd$4.2K
Population Latest28,405,543
Investment Rate Latest Pct20.6%
Savings Rate Latest Pct16.2%
Trade Openness Latest Pct14.4%
Exports Gdp Latest Pct6.9%
Active Partners Latest270
Fta Partners Latest5
Foreign Market Potential Latest9,461
Gdp 5y Cagr Pct10.4%
Gdp Per Capita 5y Cagr Pct10.8%
Population 5y Cagr Pct-0.4%
Partner Hhi Latest2,516.3
Partner Top1 Share Latest Pct45.4%
Partner Top3 Share Latest Pct70.4%
Partner Hhi All Avg2,772.3
Partner Hhi All Max4,449.3
Product Hhi Latest4,955.5
Product Top1 Share Latest Pct70.1%
Product Top3 Share Latest Pct75.7%
Product Hhi All Avg4,157.4
Product Hhi All Max6,269.4
Total Exports Attention Share Pct82.6%
Total Exports Critical Share Pct47.8%
Attention LevelCritical attention
Primary Risk DriverMarket access exposure
Macro Resilience LabelMacro trend resilient

Annual country history

YearExportsImportsTrade balanceExports YoYExports CAGR 3Y
1995$19.1B$11.2B$7.9BNot reportedNot reported
1996$23.4B$10.1B$13.3B+22.6%Not reported
1997$24.0B$14.3B$9.7B+2.7%Not reported
1998$17.9B$15.1B$2.8B-25.7%-2.2%
1999$20.8B$13.0B$7.8B+16.5%-3.8%
2000$31.5B$14.8B$16.7B+51.1%+9.4%
2001$26.4B$17.0B$9.4B-16%+13.9%
2002$27.1B$12.5B$14.6B+2.7%+9.3%
2003$28.6B$8.5B$20.2B+5.5%-3.1%
2004$38.7B$15.1B$23.6B+35.1%+13.6%
2005$53.7B$21.6B$32.1B+38.8%+25.5%
2006$65.3B$30.3B$35.0B+21.6%+31.6%
2007$67.3B$41.1B$26.2B+3%+20.2%
2008$97.4B$47.1B$50.3B+44.8%+22%
2009$54.9B$36.8B$18.1B-43.7%-5.6%
2010$63.8B$35.0B$28.9B+16.3%-1.7%
2011$87.0B$52.8B$34.2B+36.2%-3.7%
2012$88.9B$67.2B$21.6B+2.2%+17.4%
2013$86.3B$47.5B$38.8B-2.9%+10.6%
2014$74.4B$40.7B$33.6B-13.8%-5.1%
2015$39.5B$30.7B$8.8B-46.8%-23.7%
2016$30.5B$15.8B$14.7B-22.9%-29.3%
2017$33.3B$11.2B$22.1B+9.2%-23.5%
2018$37.1B$13.0B$24.1B+11.3%-2.1%
2019$14.9B$5.5B$9.4B-59.7%-21.2%
2020$5.4B$6.7B-$1.4B-64%-45.5%
2021$4.4B$7.7B-$3.3B-18.4%-50.9%
2022$4.5B$10.0B-$5.5B+2.5%-33%
2023$7.2B$10.5B-$3.3B+61.2%+10.5%
2024$13.2B$14.3B-$1.1B+82.1%+44.4%

Top export sectors

RankHS2SectorExportsShareExport partnersActive HS6
127Mineral fuels$10.1B76.6%3429
272Iron and steel$438.0M3.3%24135
329Organic chemicals$398.8M3%55332
403Fish and crustaceans$345.8M2.6%5095
571Precious stones and metals$344.5M2.6%4433
676Aluminium$304.6M2.3%3935
726Ores, slag and ash$258.0M2%611
831Fertilisers$197.6M1.5%724
974Copper$121.8M0.9%1948
1018Cocoa and cocoa preparations$91.7M0.7%5111

Detailed HS4 export lines

RankHS4Parent HS2ExportsShareActive HS6
12709Mineral fuels (27)$9.3B70.1%1
22713Mineral fuels (27)$407.9M3.1%4
32905Organic chemicals (29)$395.5M3%19
47108Precious stones and metals (71)$340.6M2.6%2
57204Iron and steel (72)$269.1M2%6
62710Mineral fuels (27)$258.2M2%4
77601Aluminium (76)$247.8M1.9%2
82601Ores, slag and ash (26)$242.8M1.8%2
90306Fish and crustaceans (03)$241.0M1.8%14
103102Fertilisers (31)$196.1M1.5%9
117404Copper (74)$113.1M0.9%1
122715Mineral fuels (27)$102.2M0.8%1

Top export destinations

RankDestinationISO3ExportsShareYoYCAGR 3Y
1USA, Puerto Rico and US Virgin IslandsUSA$6.0B45.4%+65.2%+170.5%
2IndiaIND$1.9B14.1%+962.1%+178.8%
3ChinaCHN$1.4B11%+123.6%+18.9%
4SpainESP$1.4B10.3%+116.3%+172.8%
5BrazilBRA$427.5M3.2%+2.5%+38%
6TurkeyTUR$312.9M2.4%-6.7%-14.4%
7LebanonLBN$297.3M2.3%+204.6%+32.4%
8ItalyITA$285.5M2.2%+76%+30.3%
9NetherlandsNLD$208.4M1.6%+32.2%+7.7%
10CubaCUB$133.5M1%-2%-51.2%

Destination risk context

RankDestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
1USA, Puerto Rico and US Virgin Islands (USA)Critical attention96.7%85.4%1.9%Buyer-market concentration is the largest observed corridor exposure
2China (CHN)Critical attention99.8%69.7%30.2%Tariff, distance or agreement conditions create market-access friction
3Turkey (TUR)Critical attention99.7%54.2%9%Tariff, distance or agreement conditions create market-access friction
4Italy (ITA)Critical attention98.2%18.4%1.1%Tariff, distance or agreement conditions create market-access friction
5India (IND)High attention99.8%79.4%51.9%Tariff, distance or agreement conditions create market-access friction
6Brazil (BRA)Watch39.7%23.7%28.1%Volatile products account for the largest observed corridor exposure
7Dominican Republic (DOM)Critical attention92.3%48.8%9.8%Volatile products account for the largest observed corridor exposure
8Guyana (GUY)Critical attention100%92.1%Not reportedCurrent trade remains materially below historical peaks
9Lebanon (LBN)High attention99.9%0%9.1%Buyer-market concentration is the largest observed corridor exposure
10Netherlands (NLD)High attention53.5%8.9%1.1%Tariff, distance or agreement conditions create market-access friction

Emerging corridor signals

RankDestinationHS6SignalMarket importsCurrent shareStrength
1Kazakhstan (KAZ)180100new$3.8M24.7%100
2Brazil (BRA)730669new$1.3M10.2%100
3Germany (DEU)720521new$86.1M0.2%100
4China, Hong Kong Special Administrative Region (HKG)841182new$48.0M3.8%100
5Egypt (EGY)290511new$26.7M9.6%100
6Egypt (EGY)721240new$6.2M2.2%100
7Cyprus (CYP)180400new$944.5K82.5%100
8Belgium (BEL)270799new$2.5B0.8%100
9Spain (ESP)270799new$932.4M0.6%100
10Bulgaria (BGR)220840new$3.5M4.8%100

Market opportunity signals

RankMarketHS6Buyer importsAddressable 3-year valueCurrent shareSignal
1China (CHN)260111$111.0B$118.8B0.2%Accelerating (-2.6%)
2USA, Puerto Rico and US Virgin Islands (USA)270900$165.0B$109.1B3.4%Stable (+1.1%)
3China (CHN)270900$291.6B$97.6B0.2%Growing (-6.7%)
4China (CHN)854231$158.0B$93.1B0%Accelerating (+10.5%)
5India (IND)270900$130.1B$70.6B1.2%Growing (-0.5%)
6China (CHN)854232$80.6B$65.7B0%Declining (+20.6%)
7China (CHN)854239$81.8B$61.4B0%Accelerating (+4%)
8USA, Puerto Rico and US Virgin Islands (USA)851712$53.9B$53.8B0%Growing (-8.8%)

How to read this page

Separate reported scale from calculated context.

Reported exports, imports, trade balance, sector rows, destination rows, and annual history describe merchandise trade observations for the stated country and year.

CAGR, shares, concentration measures, tariff context, exposure shares, and momentum are calculated indicators built from the available observations. They help organize research but are not additional reported trade or forecasts.

Coverage runs from 1995 through 2024 for this profile. Missing values are shown as Not reported. Read the full methodology ↗

Reported observations

OECD BIMTS merchandise trade values are the primary series for this view.

Calculated indicators

Growth, share, HHI, tariff, and exposure fields are derived from available reported values.

Coverage limits

Unavailable values remain unavailable. No company sales, shipment records, or forecasts are implied.

Questions about this profile

Venezuela export capability, in context

Short answers for readers comparing country export scale, partner breadth, and calculated trade indicators.

What does the Venezuela export profile measure?

It combines reported exports, imports, history, destinations, HS2 sectors, partner context, and calculated indicators for Venezuela.

What is the latest reported export value for Venezuela?

Venezuela recorded $13.2B in reported exports in 2024.

Which markets receive the most exports from Venezuela?

USA, Puerto Rico and US Virgin Islands leads by reported export value at $6.0B in 2024. Five destination lanes are highlighted.

Which sectors lead Venezuela's exports?

Mineral fuels leads by reported value at $10.1B. Five HS2 chapters are highlighted.

How many years of Venezuela trade history are available?

This sample contains 30 observed annual rows covering 1995 through 2024. Missing observations are not estimated.

Are the growth and exposure values forecasts?

No. They are calculated or classified from reported observations, not forecasts or market-access guarantees.

Continue your research

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Compare countries, products, sectors, and routes using the available trade evidence and definitions.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.