Venezuela

Compare Venezuela →

VE · VEN · BACI 862 · latest data 2024

Exports

$13.9B USD, nominal · 2024

= $13,946 M25.3% over 5 yrs (down)

Imports

$13.7B USD, nominal · 2024

= $13,667 M115.1% over 5 yrs (up)

Trade balancesurplus

$279M USD, nominal · 2024

= $279 M

Total trade

$27.6B USD, nominal · 2024

= $27,613 M10.3% over 5 yrs (up)

World position: #89 of 225 exporters · top half · #103 of 225 importers · top half · 2024
World export share since 1995: −0.3 pp

Trade timeline

Venezuela's exports fell from $20.4B in 1995 to $13.9B in 2024; the 2024 balance was $279M.

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Exports, imports, trade balance and total trade of Venezuela per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$20,395 M	$11,915 M	$8,480 M	$32,310 M
1996	$24,858 M	$10,351 M	$14,506 M	$35,209 M
1997	$25,926 M	$14,760 M	$11,166 M	$40,685 M
1998	$21,105 M	$16,254 M	$4,851 M	$37,360 M
1999	$22,138 M	$14,401 M	$7,737 M	$36,540 M
2000	$32,829 M	$16,092 M	$16,737 M	$48,920 M
2001	$28,078 M	$18,080 M	$9,998 M	$46,158 M
2002	$28,568 M	$12,957 M	$15,611 M	$41,525 M
2003	$32,125 M	$9,178 M	$22,947 M	$41,303 M
2004	$39,436 M	$16,276 M	$23,160 M	$55,712 M
2005	$56,925 M	$23,453 M	$33,473 M	$80,378 M
2006	$67,231 M	$29,107 M	$38,124 M	$96,338 M
2007	$63,325 M	$37,140 M	$26,185 M	$100,465 M
2008	$105,133 M	$49,302 M	$55,832 M	$154,435 M
2009	$53,896 M	$39,547 M	$14,349 M	$93,444 M
2010	$69,199 M	$36,903 M	$32,296 M	$106,102 M
2011	$93,523 M	$50,276 M	$43,247 M	$143,799 M
2012	$107,618 M	$60,005 M	$47,613 M	$167,623 M
2013	$106,650 M	$45,274 M	$61,376 M	$151,924 M
2014	$70,485 M	$38,028 M	$32,457 M	$108,513 M
2015	$38,041 M	$27,804 M	$10,236 M	$65,845 M
2016	$30,833 M	$15,567 M	$15,266 M	$46,400 M
2017	$33,743 M	$10,268 M	$23,475 M	$44,011 M
2018	$37,680 M	$11,376 M	$26,304 M	$49,055 M
2019	$18,680 M	$6,353 M	$12,327 M	$25,033 M
2020	$5,905 M	$6,491 M	−$586 M	$12,396 M
2021	$4,823 M	$7,189 M	−$2,367 M	$12,012 M
2022	$4,937 M	$9,652 M	−$4,715 M	$14,588 M
2023	$7,626 M	$9,982 M	−$2,356 M	$17,608 M
2024	$13,946 M	$13,667 M	$279 M	$27,613 M

30 rows

World share & rank

World export share moved from 0.4% in 1995 to 0.1% in 2024; export rank #36 → #89.

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World export and import share in percent, and world ranks, of Venezuela per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.40%	0.24%	#36	#47
1996	0.46%	0.19%	#35	#50
1997	0.46%	0.26%	#36	#48
1998	0.38%	0.29%	#40	#43
1999	0.39%	0.25%	#40	#45
2000	0.50%	0.25%	#34	#46
2001	0.44%	0.29%	#40	#45
2002	0.43%	0.20%	#39	#52
2003	0.42%	0.12%	#40	#67
2004	0.43%	0.18%	#38	#58
2005	0.54%	0.22%	#38	#51
2006	0.56%	0.24%	#39	#51
2007	0.45%	0.27%	#42	#50
2008	0.65%	0.31%	#35	#50
2009	0.43%	0.32%	#44	#51
2010	0.46%	0.25%	#45	#55
2011	0.52%	0.28%	#41	#53
2012	0.60%	0.33%	#38	#49
2013	0.59%	0.25%	#37	#58
2014	0.38%	0.21%	#48	#61
2015	0.24%	0.17%	#55	#66
2016	0.20%	0.10%	#58	#83
2017	0.19%	0.06%	#59	#100
2018	0.20%	0.06%	#59	#101
2019	0.10%	0.03%	#74	#127
2020	0.03%	0.04%	#109	#119
2021	0.02%	0.03%	#125	#129
2022	0.02%	0.04%	#128	#119
2023	0.03%	0.04%	#112	#117
2024	0.06%	0.06%	#89	#103

30 rows

Trading partners

United States was Venezuela's top trading partner in 2024, at 37.8% of total trade; the top five partners covered 81.2%.

Year

Top partner share: 37.8%
Top-5 share: 81.2%
Partners: 115
Partner HHI (0–1): 0.213

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United States $6.3B

India $2.0B

China $1.6B

Spain $1.4B

Brazil $472M

Türkiye $356M

Lebanon $320M

Italy $296M

Netherlands $227M

Colombia $134M

France $93M

Germany $35M

Canada $22M

Peru $14M

Argentina $6M

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Top partners of Venezuela in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	United States	$6,300 M	$4,126 M	$10,426 M	$2,174 M
#2	China	$1,604 M	$4,799 M	$6,403 M	−$3,195 M
#3	India	$2,041 M	$217 M	$2,257 M	$1,824 M
#4	Brazil	$472 M	$1,200 M	$1,672 M	−$728 M
#5	Spain	$1,446 M	$223 M	$1,669 M	$1,223 M
#6	Colombia	$134 M	$1,004 M	$1,138 M	−$870 M
#7	Türkiye	$356 M	$307 M	$663 M	$49 M
#8	Italy	$296 M	$187 M	$482 M	$109 M
#9	Lebanon	$320 M	$5 M	$325 M	$316 M
#10	Netherlands	$227 M	$43 M	$270 M	$184 M
#11	Canada	$22 M	$180 M	$202 M	−$159 M
#12	France	$93 M	$76 M	$168 M	$17 M
#13	Germany	$35 M	$122 M	$157 M	−$87 M
#14	Peru	$14 M	$141 M	$155 M	−$127 M
#15	Argentina	$6 M	$118 M	$123 M	−$112 M

15 rows

Products & sectors

Product composition of Venezuela's trade in 2024.

Year

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Concentration & risk

Venezuela's export partners diversified over 1995–2024 — HHI 0.279 → 0.253, a concentrated export base across 112 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Venezuela per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.279	0.176	110	113
1996	0.321	0.190	125	114
1997	0.317	0.198	124	122
1998	0.246	0.181	129	129
1999	0.301	0.162	130	134
2000	0.330	0.151	134	136
2001	0.298	0.125	136	144
2002	0.305	0.120	148	147
2003	0.311	0.121	157	136
2004	0.442	0.114	153	143
2005	0.364	0.116	145	154
2006	0.334	0.112	154	144
2007	0.425	0.098	141	154
2008	0.254	0.108	161	173
2009	0.299	0.106	158	173
2010	0.259	0.110	154	176
2011	0.259	0.094	154	175
2012	0.208	0.104	138	175
2013	0.200	0.098	149	172
2014	0.257	0.128	145	108
2015	0.247	0.141	148	112
2016	0.210	0.147	141	119
2017	0.225	0.193	142	119
2018	0.215	0.298	138	110
2019	0.186	0.116	141	110
2020	0.209	0.121	136	101
2021	0.132	0.165	136	101
2022	0.087	0.176	134	104
2023	0.276	0.200	122	99
2024	0.253	0.229	112	91

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