Venezuela: Analysis of the 2022 Venezuela Food Security Situation

In the nine-year period from 2012 to 2020, Venezuela's economy declined 88 percent, which led to a drop in demand for agricultural products. However, beginning around 2021, the liberalization of the Venezuelan economy has led to a significant recovery in agricultural production and imports. Despite recent improvements, the food supply growth remains insufficient to meet the needs of the Venezuelan population fully. Affordability and fluctuating food price inflation remain critical factors affecting food security. During 2022, the United States supplied 30 percent of Venezuela's availability of corn, wheat, and oilseeds.