Venezuela
U.S. Trade with Venezuela in 2022
Export Market Rank
#34 Among U.S. Agricultural Export Markets
Total Export Value
$808.88 Million
3-Year Average
$625.96 Million
Compound Average Growth
-6.3% (2013-2022)
Total Export Value 2013 - 2022
Export Value by Commodity 2022
Top 10 Exports to Venezuela in 2022
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Soybean Meal | $312.85 Million | 588,539 | $196.2 Million | -21% |
| Corn | $134.04 Million | 404,934 | $136.42 Million | -59% |
| Wheat | $92.84 Million | 238,671 | $104.65 Million | -53% |
| Soybean Oil | $86.06 Million | 60,869 | $41.06 Million | 92% |
| Food Preparations | $52.75 Million | 13,977 | $27.87 Million | -10% |
| Soybeans | $32.21 Million | 54,342 | $27.26 Million | -47% |
| Other Consumer Oriented | $11.61 Million | 447 | $3.09 Million | 442% |
| Essential Oils | $9.76 Million | 1,200 | $6.51 Million | -38% |
| Distilled Spirits | $7.73 Million | --- | $1.65 Million | 4072% |
| Processed Vegetables | $7.47 Million | 2,360 | $2.63 Million | 1% |
Data and Analysis
Despite private sector support for biotechnology, Venezuela’s ban on the domestic use of and research on modern biotechnology-derived agriculture remains in place. The backbone of this ban is the Seed Law of December 2015, which also prohibits the importation of genetically-engineered seeds.
Venezuela's economic recovery continues, strengthening Venezuelans' purchasing power and consumption. As a result, in marketing year (MY) 2022/23 wheat consumption is revised up 4 percent compared to USDA's official forecast, while imports will increase to 1.3 million MT. The United States remains the largest supplier of hard red winter wheat to Venezuela.
Food availability in Venezuela has improved since reaching an all-time low in 2019 as the result of informal dollarization of the economy, lower inflation, increased private sector activity, and a growth in domestic production and imports.
News and Features
January 21, 2022
Feature
2021 Highlights: Expanding Opportunities, Tackling Challenges for U.S. Agriculture
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.
January 19, 2022
News Release
Secretary Vilsack Highlights Key Work in 2021 to Create More and Better Markets
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...