Trade partner
U.S. Imports
$1.7B
August 2026
U.S. Exports
$646.2M
August 2026
Trade deficit
$1.1B
August 2026 · U.S. imports more than it exports
In August 2026 the United States imported $1.7B from Venezuela and exported $646.2M to it, across 172 imported product categories.
Over the twelve months to August 2026, the U.S. imported $11.0B from Venezuela and exported $4.8B to it. In August 2026, the U.S. ran a monthly goods trade deficit of $1.1B with Venezuela, importing 2.6× as much as it exported. Compared with August 2025, U.S. goods imports from Venezuela in August 2026 (preliminary) were 1804% higher, and exports to Venezuela were 198% higher. U.S. goods imports from Venezuela of $1.7B in August 2026 ran 38% 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.
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.
The top U.S. imports from Venezuela are Crude Petroleum & Bituminous Mineral Oils, Petroleum Oils & Bituminous Mineral Oils and Petroleum Bitumen, by value in the latest month.
| Rank | Product | Import value |
|---|---|---|
| 1 | $1.6B | |
| 2 | $106.8M | |
| 3 | $13.8M | |
| 4 | $5.7M | |
| 5 | $4.9M | |
| 6 | $4.4M | |
| 7 | $3.6M | |
| 8 | $3.3M | |
| 9 | $1.3M | |
| 10 | $993K |
| Rank | Product | Export value |
|---|---|---|
| 1 | $348.5M | |
| 2 | $30.7M | |
| 3 | $23.5M | |
| 4 | $18.3M | |
| 5 | $14.3M | |
| 6 | Low-Value Export Shipments & Canadian Estimated Late ReceiptsChapter 98 · Special Classification Provisions | $12.9M |
| 7 | $9.8M | |
| 8 | $9.1M | |
| 9 | $8.7M | |
| 10 | $6.3M |
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Annual data from BEA | 2025
Services Exports
$1.6B
Services Imports
$122.0M