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
The Venezuelan private sector supports biotechnology use and application. Nevertheless, the Venezuelan authority maintains a ban on the domestic use and research of modern biotechnology-derived agriculture.
FAS estimates Venezuela corn production at 1.36 million metric tons for the new market year (MY) 2024/2025 on a planted area of 350,000 hectares. Significant economic uncertainty persists following the July 28, 2024, presidential election, and higher inflation and a scarcity of U.S. dollars will likely inhibit increased corn acreage and limit yields.
Since 2014, Venezuela’s total meat consumption has declined 57 percent due to prolonged economic downfall. Nevertheless, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector. In 2024, total per capita meat consumption is forecast to be 32.4 kilograms, growing 83 percent from its 2018 record low.
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...