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Export News
2025-08-18
In 2024, the Bolivarian Republic of Venezuela exported goods valued at US$13.6 billion to international markets.
That performance marks a 129.8% surge compared with the $5.92 billion recorded in 2020. On a yearly basis, Venezuela's export value jumped 78.4% higher than the $7.63 billion posted in 2023.
Situated on the northern coast of South America, Venezuela shares borders with Guyana (east), Brazil (south), and Colombia (west).
For decades, the country has relied heavily on its oil exports, making its trade balance particularly sensitive to global energy price fluctuations.
With a population of roughly 26.6 million people, the nation's $13.6 billion in exports for 2024 represents about $500 per capita, well above the $280 per person figure from 2023.
Venezuela's 10 Biggest Export Products
The top product groups shipped abroad by Venezuela in 2024 were:
1.Mineral fuels including oil: US$10.8 billion (79.6% of total exports)
2.Iron and steel: $456.1 million (3.4%)
3.Organic chemicals: $446.8 million (3.3%)
4.Fish and seafood: $367.3 million (2.7%)
5.Aluminum: $313.8 million (2.3%)
6.Ores, slag, and ash: $298.1 million (2.2%)
7.Fertilizers: $196 million (1.4%)
8.Copper: $131.1 million (1%)
9.Cocoa: $108.1 million (0.8%)
10.Beverages including spirits and vinegar: $68.5 million (0.5%)
Altogether, Venezuela's top 10 export categories accounted for 97.1% of overall shipments in 2024.
The fastest-growing product group was ores, slag, and ash, soaring by 157.8% year over year, largely driven by iron ore sales. Oil shipments ranked second with a 131.7% increase, while cocoa exports nearly doubled (up 128.9%).
By contrast, iron and steel recorded the steepest decline among the top categories, sliding -29% from 2023.
Key Products at HTS 4-Digit Level
At a more detailed level, the most valuable Venezuelan exports were:
1.Crude oil (72.4% of total shipments)
2.Petroleum residues (3.3%)
3.Acyclic alcohols (3.3%)
4.Iron or steel scrap (2.2%)
5.Iron ores and concentrates (2.1%)
6.Processed petroleum oils (2.1%)
7.Crustaceans including lobsters (1.9%)
8.Unwrought aluminum (1.9%)
9.Nitrogen-based fertilizers (1.4%)
10.Asphalt and petroleum bitumen mixtures (1%)
Together, these 10 HTS-level products generated 91.5% of Venezuela's export revenues in 2024.
Leading Venezuelan Export Companies
For businesses aiming to partner with Venezuelan suppliers, finding reliable contacts is essential. Platforms like Tendata provide advanced tools—such as HS code filters, keyword searches, and buyer activity tracking—that help companies identify verified clients and shorten market entry timelines.
For example, in the PVC sector, Tendata data revealed the top 10 Venezuelan suppliers in 2024: >>Find More Venezuela Customers
1.Rodrigo Manuel Machado Maldonado (9.32%)
2.Lionar Franci Mendoza Martinez (13.18%)
3.Abi Jacobo Toledano Milgran (7.93%)
4.David Frdzon Benaim (7.93%)
5.Alexander Perez Cuayo (7.93%)
6.Michel Gomez Mendez (7.38%)
7.Clover Internacional C.A. (6.4%)
8.Belkys Larrondo Larrondo (3.97%)
9.Talabarteria Carlos A Villalobos C.A. (3.52%)
10.Jorge Luis Dieguez Machado (3.22%)
Whether you are a newcomer or an experienced trader, analyzing Venezuela's export performance offers valuable insights into potential business opportunities. For further details on Venezuela's export statistics or import data, companies can request a free demo from Tendata.
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