Overview of the Venezuela Export Data in 2024

The economy of Venezuela has come up with diverse variants of services, fulfilling the global acquisition crucially. The export commodities have solidified the country’s trade position among all the other global trade leaders. Venezuela Import Data says the sturdy growth has been on track from 2020 onwards with an export valuation of 12.7 billion US dollars. The country being home to one of the largest oil reserves, accompanied by the Organization of Petroleum Exporting Countries membership, has indulged itself in introducing divergent variants of mineral essentials in the global supply, countering the annual valuation. The strict maintenance of trade regulations by the Venezuelan government’s overall imports and exports through its own state companies are some of the crucial attributing factors that maintain the steady workflow.

As a step toward building the supply chains, the country Venezuela has introduced diversifying export services in the global supplies, which altogether has resulted in an export valuation of 36 billion US dollars in 2024, representing a significant increase from that of 2020. Import Globals with its Venezuela trade data highlights the categorized regional shipments of the country’s exports towards other foreign trade holders, for giving a brief overview to the information seekers that are looking for potential suppliers worldwide with cost-effective pricing strategies for valuable outputs in future trade aspects.

THE LEADING VARIANTS OF GOODS EXPORTED FROM VENEZUELA IN 2024

Venezuela, being heavily dependent on its economic growth in the export industry, has solidified its trade position among other competitors worldwide by an inclusive supply of global essentials to other trade destination states. According to the Venezuela Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

  • Petroleum and Petroleum Products — The export value of Petroleum and Petroleum Products from Venezuela in 2024–12 billion US dollars
  • Refined Copper- The export value of Refined Copper from Venezuela in 2024–9 billion US dollars
  • Iron Ore- The export value of Iron Ore from Venezuela in 2024–8 billion US dollars
  • Gold- The export value of Gold from Venezuela in 2024–7 billion US dollars
  • Crude Petroleum Oils- The export value of Crude Petroleum Oils from Venezuela in 2024–5 billion US dollars
  • Organic Chemicals- The export value of Organic Chemicals from Venezuela in 2024–4 billion US dollars
  • Crude Aluminum — The export value of Crude Aluminum from Venezuela in 2024–3 billion US dollars
  • Cars- The export value of Cars from Venezuela in 2024–2 billion US dollars
  • Steel Products- The export value of Steel Products from Venezuela in 2024–1.4 billion US dollars
  • Cocoa Beans- The export value of Cocoa Beans from Venezuela in 2024–1 billion US dollars

THE TOP EXPORT TRADE PARTNERS OF VENEZUELA IN 2024

The cost-effective pricing strategies adopted by the trade firms of Venezuela have fostered the annual valuation of the nation in a crucial manner countering its trade records. According to the Venezuela Customs Data, the top 10 export trade partners of the nation in 2024 are,

  1. United States — The total trade value of goods exported from Venezuela to the United States in 2024–9.8 billion US dollars

Top 5 variants of goods exported

1. Textiles

2. Fabrics

3. Crochet materials

4. Iron and steel

5. Agro goods

2. China — The total trade value of goods exported from Venezuela to China in 2024–7.6 billion US dollars

Top 5 variants of goods exported

1. Cement

2. Coal

3. Fish and Seafood

4. Fruits and Vegetables

5. Coffee

3. India — The total trade value of goods exported from Venezuela to India in 2024–6.5 billion US dollars

Top 5 variants of goods exported

1. Diamonds

2. Nickel

3. Uranium

4. Copper

5. Lead Ore

4. Netherlands — The total trade value of goods exported from Venezuela to the Netherlands in 2024–4.7 billion US dollars

Top 5 variants of goods exported

1. Printed books & newspapers

2. Natural Gas

3. Iron Ore

4. Bauxite

5. Gold

5. Spain — The total trade value of goods exported from Venezuela to Spain in 2024–3.8 billion US dollars

Top 5 variants of goods exported

1. Vegetable oils

2. Wood pulp

3. Aircraft parts

4. Navigation equipment

5. Soap & cleaning preparations

  1. Italy — The total trade value of goods exported from Venezuela to Italy in 2024–2.8 billion US dollars

Top 5 variants of goods exported

1. Sugar cane

2. Poultry meat

3. Leather goods

4. Handicrafts

5. Rubber tires

7. Singapore — The total trade value of goods exported from Venezuela to Singapore in 2024–1.6 billion US dollars

Top 5 variants of goods exported

1. Machinery

2. Vehicles

3. Glassware

4. Paper products

5. Mangoes

8. Brazil — The total trade value of goods exported from Venezuela to Brazil in 2024–1.4 billion US dollars

Top 5 variants of goods exported

1. Organic goods

2. Timber

3. Fish and seafood

4. Textiles

5. Chemical products

9. Russia — The total trade value of goods exported from Venezuela to Russia in 2024–1.2 billion US dollars

Top 5 variants of goods exported

1. Bauxite

2. Diamonds

3. Coal

4. Agricultural products

5. Livestock products

10. Colombia — The total trade value of goods exported from Venezuela to Colombia in 2024–1 billion US dollars

Top 5 variants of goods exported

1. Crude oil

2. Refined petroleum products

3. Natural gas

4. Gold

5. Iron ore

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