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ExportsVenezuela-United States Trade: In 2023, Venezuela exported $3.81B to United States. The main products that Venezuela exported to United States were Crude Petroleum ($3.46B), Processed Crustaceans ($60.5M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($57.6M). Over the past 5 years the exports of Venezuela to United States have decreased at an annualized rate of 22.3%, from $13.5B in 2018 to $3.81B in 2023.
In 2023, Venezuela did not export any services to United States.
United States-Venezuela Trade: In 2023, United States exported $2.43B to Venezuela. The main products that United States exported to Venezuela were Refined Petroleum ($478M), Soybean Meal ($321M), and Broadcasting Equipment ($166M). Over the past 5 years the exports of United States to Venezuela have decreased at an annualized rate of 16.5%, from $5.97B in 2018 to $2.43B in 2023.
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.
Comparison: In 2023, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).
