Venezuela Trade Summary
U.S. goods and services trade with Venezuela totaled an estimated $11.9 billion in 2024, up 47.1 percent ($3.8 billion) from 2023.
U.S. total goods trade with Venezuela were an estimated $10.2 billion in 2024. U.S. goods exports to Venezuela in 2024 were $4.2 billion, up 68.5 percent ($1.7 billion) from 2023. U.S. goods imports from Venezuela in 2024 totaled $6.0 billion, up 67.6 percent ($2.4 billion) from 2023. The U.S. goods trade deficit with Venezuela was $1.8 billion in 2024, a 65.4 percent increase ($720.8 million) over 2023.
U.S. total services trade (exports plus imports) with Venezuela totaled an estimated $1.6 billion in 2024. U.S. services exports to Venezuela in 2024 were $1.5 billion, down 18.5 percent ($343 million) from 2023. U.S. services imports from Venezuela in 2024 were $133 million, up 4.7 percent ($6 million) from 2023. The U.S. services trade surplus with Venezuela was $1.4 billion in 2024, a 20.2 percent decrease ($348 million) over 2023.
