Crude Petroleum in Venezuela | The Observatory of Economic Complexity

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Exports In 2022, Venezuela exported $495M in Crude Petroleum, making it the 51st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most exported product in Venezuela. The main destination of Crude Petroleum exports from Venezuela are: Spain ($436M) and Italy ($58.7M).

The fastest growing export markets for Crude Petroleum of Venezuela between 2021 and 2022 were Spain ($436M) and Italy ($58.7M).

Imports In 2021, Venezuela imported $31.5M in Crude Petroleum, becoming the 0th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 0th most imported product in Venezuela. Venezuela imports Crude Petroleum primarily from: N/A.

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Venezuela to the United States.

Feb 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 Crude 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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EXPORTS (2022)$495M

IMPORTS (2021)$31.5M

NET TRADE (2022)$495M

In 2022, Venezuela exported $495M in Crude Petroleum. The main destinations of Venezuela exports on Crude Petroleum were Spain ($436M) and Italy ($58.7M).