Refined Petroleum in Venezuela | The Observatory of Economic Complexity

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Exports In 2022, Venezuela exported $16.3M in Refined Petroleum, making it the 137th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 28th most exported product in Venezuela. The main destination of Refined Petroleum exports from Venezuela are: Guyana ($16.3M), Norway ($26.5k), Bahamas ($16.5k), India ($5.7k), and Grenada ($5.13k).

The fastest growing export markets for Refined Petroleum of Venezuela between 2021 and 2022 were Guyana ($11.3M), Norway ($26.5k), and Bahamas ($16.5k).

Imports In 2022, Venezuela imported $195M in Refined Petroleum, becoming the 162nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 8th most imported product in Venezuela. Venezuela imports Refined Petroleum primarily from: United States ($97.8M), Colombia ($23M), Turkey ($14.6M), United Arab Emirates ($14M), and Brazil ($12.1M).

The fastest growing import markets in Refined Petroleum for Venezuela between 2021 and 2022 were United States ($54.6M), Colombia ($11.7M), and Turkey ($10.6M).

Mar 2024

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Year

EXPORTS (2022)$16.3M

IMPORTS (2022)$195M

NET TRADE (2022)-$179M

In 2022, Venezuela exported $16.3M in Refined Petroleum. The main destinations of Venezuela exports on Refined Petroleum were Guyana ($16.3M), Norway ($26.5k), Bahamas ($16.5k), India ($5.7k), and Grenada ($5.13k).

In 2022, Venezuela imported $195M in Refined Petroleum, mainly from United States ($97.8M), Colombia ($23M), Turkey ($14.6M), United Arab Emirates ($14M), and Brazil ($12.1M).