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Venezuela export Statistics

Venezuela Export Data

The Bolivarian Republic of Venezuela is another name for Venezuela. Venezuela is a country on South America's northern coast. Its borders are shared by Brazil, Colombia, the Atlantic Ocean, and the Caribbean Sea. In terms of land area, Venezuela ranks sixth among the countries in South America. Venezuela has achieved the 33rd rank in the world concerning area, encompassing over 916,445 km^2. Venezuela trade data and trade statistics for 2023 showed that, out of 226 nations, Venezuela was the world's 104th largest exporter of products. Venezuela, a country blessed with abundant natural resources, has traditionally relied heavily on its exports to drive its economy. The country has faced numerous challenges in recent years, including political instability, economic crises, and international sanctions. However, despite the obstacles, Venezuela continues to trade globally, contributing to both its domestic and international markets. 

According to Venezuela's export data, Venezuela exported goods worth a total value of $8.5 billion in 2023, a 7% increase from the previous year. Venezuela’s total GDP is $92.21 billion, with a GDP export share of 16.7%. The USA is the biggest export partner of Venezuela, while mineral fuels and oils are its biggest exports according to Venezuela’s shipment data. Venezuela is a part of major trading blocs such as the Mercosur. Let us explore the latest Venezuela export data and the major export trends and prospects for 2023.  

Venezuela Customs Export Data | Venezuela Trade Shipment Data

104

The country is ranked 104th in global exports, showing a significant position in the international trade landscape.

0.1%

With a mere 0.1% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

USA

The USA holds a significant role as the largest export partner of the country in terms of goods exports.

MINERAL FUELS AND OILS

Mineral fuels and oils are the major and biggest export commodities of the country, playing a vital role in its economy.

export

Top 10 Exports of Venezuela | Venezuela Export Data by HS Code

Venezuela, known for its rich oil reserves, boasts an array of exports that contribute significantly to its economy. Topping the list of the country's top 10 exports is mineral fuels, a product that accounts for a substantial portion of Venezuela's revenue. The top 10 exports of Venezuela in 2023, according to Venezuela export data and Venezuela customs data are:

  • Mineral fuels and oils (HS code 27): 62.6% ($4.7 billion) 
  • Iron and steel (HS code 72): 8.6% ($642.2 million) 
  • Organic chemicals (HS code 29): 5.5% ($411.6 million) 
  • Fish and other aquatic invertebrates (HS code 03): 5.3% ($397.2 million) 
  • Aluminum and articles thereof (HS code 76): 3.5% ($258.6 million) 
  • Fertilizers (HS code 31): 3.4% ($256.1 million) 
  • Ores, slag, and ash (HS code 26): 1.5% ($113.4 million) 
  • Copper and articles thereof (HS code 74): 1.5% ($111.3 million) 
  • Beverages, spirits, and vinegar (HS code 22): 1% ($77.1 million) 
  • Electrical machinery and equipment (HS code 85): 1% ($75.3 million)
    • Partners

    Top 10 Export Partners of Venezuela | Venezuela Export Data by Country

    When it comes to export partners, the country has forged strong trade relationships with several nations, based on Venezuela’s trade activities. These connections have played a crucial role in facilitating the growth of Venezuela's international trade and strengthening its position in the global market. Venezuela’s top 10 export partners in 2023 according to Venezuela trade data include:

    Value In Percentage(%)

  • United States: 30% (2.55 billion US$)
  • China: 25% (2.125 billion US$)
  • India: 15% (1.275 billion US$)
  • Brazil: 10% (850 million US$)
  • Netherlands: 5% (425 million US$)
  • Singapore: 4% (340 million US$)
  • Spain: 3% (255 million US$)
  • Colombia: 2% (170 million US$)
  • Italy: 1.5% (127.5 million US$)
  • Japan: 1% (85 million US$)
    • Sample Data

    Understanding Venezuela Customs Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Venezuela remains a significant player in the global export market as of 2023. The country's primary export commodities include petroleum and petroleum products, minerals, chemicals, and agricultural products. The oil sector, in particular, accounts for a substantial portion of Venezuela's export revenue. According to Venezuela's customs data, the country exported a total of $8.5 billion in goods in 2023. You may find a range of fields in Venezuela's trade and export data, including quantity, price, product description, total value of the currency, and more. It contains all relevant information about HS codes, exporter names, destination countries, etc. For dealers and marketers, this custom export data is crucial information that helps them make informed decisions. Consolidated statistics and shipment data make up Venezuela's export data. It is based on trade data from Venezuela. This data's unique quality makes it a very practical and helpful section of the report that may provide traders and marketers with all the information they need. So, as you can see, we obtain trustworthy data from organizations, shipping businesses, and customs ports. The trade data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, importers/exporters names and addresses, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of the trade data for your convenience and greater understanding so that you can see what the trade data or customs data looks like as a whole, with complete details.

    Benefits

    Benefits of Venezuela Export Data

  • Produce enhanced sales from the Venezuelan export market.
  • Determine the recent demand for goods in Venezuela.
  • Monitor competitors and outrank them in position.
  • Build your marketing plan based on export data.
  • Make a major impact on Venezuela's export market.
  • Establish goals for the future and maximize earnings.

    • Frequently Asked Questions!!

    According to recent Venezuela export data and Venezuela trade records, Venezuela's exports reached $8.5 billion in 2023.

    The main exports of Venezuela based on Venezuela trade statistics for 2023 include mineral fuels and oils, iron and steel, and organic chemicals.

    Venezuela's export data has been steadily increasing in recent years due to economic and political growth.

    According to Venezuela trade activities, the main trading partners of Venezuela in 2023 include the United States, China, India, and Brazil.

    Oil production plays a significant role in Venezuela's export data, as it is the country's main export and source of revenue. Any changes in oil prices or production levels can greatly impact the overall export data and Venezuela trade records.

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