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Pricing

2022
Flag → Flag
Exports $2.21BRnk 66 / 219
2022
Flag → Flag
Top Product $305MSoybean Meal
2022
Flag → Flag
Exports $438MRnk 4 / 126
2022
Flag → Flag
Top Product $84.1MProcessed Crustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
Flag
Economic Complexity (ECI) ECI -0.9Rnk 99 / 124
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

United States-Venezuela In 2022, United States exported $2.21B to Venezuela. The main products that United States exported to Venezuela are Soybean Meal ($305M), Broadcasting Equipment ($166M), and Telephones ($151M). During the last 27 years the exports of United States to Venezuela have decreased at an annualized rate of 2.57%, from $4.47B in 1995 to $2.21B in 2022.

In 2017, United States exported services to Venezuela worth $3.29B, with Travel ($1.79B), Financial services ($431M), and Transportation ($349M) being the largest in terms of value.

Venezuela-United States In 2022, Venezuela exported $438M to United States. The main products that Venezuela exported to United States were Processed Crustaceans ($84.1M), Acyclic Alcohols ($83.5M), and Insulated Wire ($70.1M). During the last 27 years the exports of Venezuela to United States have decreased at an annualized rate of 11%, from $10B in 1995 to $438M in 2022.

In 2022, Venezuela did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and 132 in total exports ($4.3B).

COMPANIES In 2023, leading companies such as CMPC USA, INC. (8.7k), GALLO FAMILY VINEYARDS (527), and WOODSTREAM CORP (513) were at the forefront of exporting goods from Venezuela to the United States. Conversely, CMPC MADERAS SPA (4.42k), CMPC MADERAS S.A. (1.05k), and NOSIO SPA (527) were notable for importing Venezuela products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $393M and imported $323M from Venezuela, resulting in a positive trade balance of $69.8M. Between January 2023 and January 2024 the exports of United States have increased by $109M (38.3%) from $284M to $393M, while imports increased by $208M (180%) from $115M to $323M.

Trade In January 2024, the top exports of United States to Venezuela were Soybean Meal ($51.6M), Refined Petroleum ($42.8M), Telephones ($37.5M), Computers ($31.9M), and Soybeans ($8.83M). In January 2024 the top imports of United States from Venezuela were Crude Petroleum ($82.5M), Insulated Wire ($7.87M), Acyclic Alcohols ($5.58M), Processed Crustaceans ($2.57M), and Precious Metal Scraps ($2.34M).

Origins In January 2024 the exports of United States were mainly from Texas ($262M), Florida ($71.4M), Louisiana ($32.4M), Virginia ($2.94M), and Arkansas ($2.7M), while imports destinations were mainly Texas ($167M), Mississippi ($53.8M), Louisiana ($35.9M), Delaware ($34.1M), and Florida ($18.8M).

Growth In January 2024, the increase in United States's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Refined Petroleum ($38.6M or 917%), Soybean Meal ($36.6M or 244%), and Computers ($27.8M or 678%). In January 2024, the increase in United States's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in Insulated Wire ($3.89M or 97.5%), Precious Metal Scraps ($1.74M or 293%), and Crustaceans ($1.01M or 84%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)$109M(38.3%)
IMPORT GROWTH (January 2023 - January 2024)$208M(180%)
MAIN EXPORTER (January 2024)Texas$262M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Venezuela and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $2.21B to Venezuela. The main products exported from United States to Venezuela were Soybean Meal ($305M), Broadcasting Equipment ($166M), and Telephones ($151M). During the last 27 years the exports of United States to Venezuela have decreased at an annualized rate of 2.57%, from $4.47B in 1995 to $2.21B in 2022.

In 2022, Venezuela exported $438M to United States. The main products exported from Venezuela to United States were Processed Crustaceans ($84.1M), Acyclic Alcohols ($83.5M), and Insulated Wire ($70.1M). During the last 27 years the exports of Venezuela to United States have decreased at an annualized rate of 11%, from $10B in 1995 to $438M in 2022.

Exports from United States (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Venezuela
Top DestinationChina$703M

This map shows whether countries import more from United States or Venezuela. Each country is colored based on the difference in imports they receive from United States and Venezuela or the difference in the growth in imports.

In 2021, countries that imported more from United States than Venezuela were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Venezuela than United States were Montenegro ($75.9M).

Difference in imports from Venezuela (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Venezuela

Flow
Scale

This chart compares trade between United States and Venezuela by product, considering products traded by both, United States and Venezuela.

During 2022, United States had a large net trade with Venezuela in the exports of Machines ($706M), Foodstuffs ($417M), and Vegetable Products ($277M).

During 2022, Venezuela had a large net trade with United States in the exports of Foodstuffs ($122M), Chemical Products ($92.1M), and Machines ($71.7M).

Service Trade

Bilateral Service Trade

In 2017, United States exported services to Venezuela worth $3.29B, with Travel ($1.79B), Financial services ($431M), and Transportation ($349M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Venezuela (Flag) (2017)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over United States.

Product Space of United States (Flag) and Venezuela (Flag) (2022)

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