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2022
Exports $495MWorld Rnk 51 / 149
Flag Rnk 3 / 665
falsefalse Spain
2021 - 2022
FASTEST GROWING MARKETfalseSpain
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $31.5MWorld Rnk 0 / 0
Flag Rnk 0 / 0
2021 - 2022
FASTEST GROWING ORIGINfalsefalse
2022
ECONOMIC COMPLEXITY of Venezuela-0.87Rnk 107 / 133

About

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.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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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Historical Data

Trade Balance

Color
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).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):
Spain$436M (1%)
Italy$58.7M (192k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Venezuela WERE (2021 - 2022):
Malaysia-$5.14M (-100%)
United Arab Emirates-$677 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Venezuela's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

Crude Petroleum’s highest export potential is N/A. With an export gap of N/A.   Crude Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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