Venezuela
U.S. Trade with Venezuela in 2023
Export Market Rank
#35 Among U.S. Agricultural Export Markets
Total Export Value
$663.57 Million
3-Year Average
$675.15 Million
Compound Average Growth
-6.29% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Venezuela in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Soybean Meal | $328.32 Million | 623,302 | $182.42 Million | -24% |
| Corn | $73.68 Million | 242,757 | $111.07 Million | -71% |
| Wheat | $62.34 Million | 172,474 | $91.11 Million | -70% |
| Soybeans | $48.96 Million | 89,217 | $26.02 Million | 76% |
| Food Preparations | $36.03 Million | 8,930 | $25.64 Million | 25% |
| Rice | $33.29 Million | 77,404 | $47.54 Million | -63% |
| Essential Oils | $14.36 Million | 1,868 | $6.38 Million | -8% |
| Baked Goods | $8.64 Million | 1,827 | $3.15 Million | 490% |
| Dairy Products | $7.98 Million | 3,241 | $4.87 Million | -43% |
| Dextrins, Peptones, & Proteins | $6.9 Million | 1,341 | $7.38 Million | -76% |
Data and Analysis
This report outlines market conditions and opportunities for U.S. agricultural exports to expand or enter the Venezuelan market. While the economy stagnated in 2023, Venezuela is the sixth largest South American destination for U.S. agricultural and related product exports.
In calendar year 2023, Venezuelan agricultural imports dropped 8 percent year-on-year to $2.7 billion. By volume, however, agricultural imports increased 4 percent year-on-year owing to a decrease in import prices. Agricultural imports from the United States totaled $675 million, down 9 percent from 2022.
This report identifies the export certification requirements for agricultural and food products. The Venezuelan ministries issue import permits, import licenses, and register processed food products.
News and Features
Throughout 2021, FAS was proud to support USDA's efforts to create more and better markets for U.S. agriculture, to address the climate crisis, and to promote nutrition and food security.
Secretary Vilsack highlights key USDA accomplishments – including FAS's global leadership – to create more and better markets for U.S. agriculture in 2021.
It's been a busy fall for the FAS Cochran Fellowship Program. In September and October 2017, more than 200 Cochran Fellows from 32 countries traveled to the United States to enhance their knowledge and technical skills. The fellows, many of them...