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U.S. Imports
$1.7B
U.S. Exports
$501.0M
Deficit of $1.2B (net importer)
The United States imported $1.7B/month and exported $501.0M/month with Venezuela as of July 2026, covering 167 product categories.
In July 2026, the U.S. ran a monthly goods trade deficit of $1.2B with Venezuela, importing 3.3× as much as it exported. U.S. goods imports from Venezuela of $1.7B in July 2026 ran 41% above the year-to-date monthly average of $1.2B.
Venezuela holds some of the world's largest proven oil reserves and has historically been a significant petroleum exporter. US trade with Venezuela has been substantially curtailed by economic sanctions and political instability, limiting commercial activity. Importers and exporters must carefully review OFAC regulations before engaging in transactions involving Venezuela.
AI-written summary of the official U.S. Census Bureau trade figures on this page — verify before relying on it.
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Yes, the US Treasury Department's OFAC has imposed broad sanctions on Venezuela, including restrictions on dealings with the Venezuelan government and state oil company PDVSA. Specific licenses may be required for certain transactions.
Crude petroleum and refined petroleum products have historically constituted the vast majority of Venezuela's export revenue, though production has declined sharply in recent years.
Venezuela is assigned country code 3070 in US trade data systems.
Full import breakdown with all product categories
Full export breakdown with monthly trends
24-month import and export trend charts
EU customs territory, FTA coverage, and tariff treatment for Venezuela
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| Rank | Product | Import value |
|---|---|---|
| 1 | CRUDE OIL FROM PETROLEUM AND BITUMINOUS MINERALS | $1.4B |
| 2 | PETROL OIL BITUM MINERAL (NT CRUD) ETC NT BIODIESL | $204.5M |
| 3 | PETROLEUM BITUMEN | $18.1M |
| 4 | INSULATED ELECTRIC CONDUCTORS =< 80 V NESOI | $4.8M |
| 5 | METHANOL (METHYL ALCOHOL) | $3.9M |
| Rank | Product | Export value |
|---|---|---|
| 1 | LT OILS, PREPS GT=70% PETROLEUM/BITUM NT BIODIESEL | $228.9M |
| 2 | CORN (MAIZE), OTHER THAN SEED CORN | $70.9M |
| 3 | SMARTPHONES | $15.4M |
| 4 | TUBES, PIPES & HOSES, OF PLASTICS, NESOI |
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| $14.0M |
| 5 | SOYBEAN OILCAKE & OTH SOLID RESIDUE, WH/NOT GROUND | $9.9M |
Annual data from BEA | 2024
Services Exports
$1.5B
Services Imports
$133.0M