Merchandise exports by the reporting economy (current US$) in Venezuela
Venezuela: Merchandise exports by the reporting economy (current US$) was 7.37 billion current US$ in 2023. ◆ Volatile
Latest (2023)
7.37 billion current US$
Change on year
up 78.3%
World rank
105th
of 206 countries
All-time high
85.03 billion current US$
in 2011
All-time low
1.77 billion current US$
in 1961
Years of data
63
1960–2023
Merchandise exports by the reporting economy in Venezuela, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2023, merchandise exports by the reporting economy in Venezuela stood at 7.37 billion current US$.
The figure is up 78.3% on the previous year and down 90.8% over ten years.
Over the whole period, merchandise exports by the reporting economy in Venezuela peaked at 85.03 billion current US$ in 2011 and was at its lowest, 1.77 billion current US$, in 1961.
Venezuela ranks 105th of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$) in Venezuela, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 1.90 billion current US$ | — |
| 1961 | 1.77 billion current US$ | -6.8% |
| 1962 | 1.95 billion current US$ | +9.9% |
| 1963 | 1.99 billion current US$ | +2.2% |
| 1964 | 2.12 billion current US$ | +6.6% |
| 1965 | 2.13 billion current US$ | +0.4% |
| 1966 | 2.11 billion current US$ | -0.9% |
| 1967 | 2.19 billion current US$ | +3.9% |
| 1968 | 2.21 billion current US$ | +0.7% |
| 1969 | 2.27 billion current US$ | +2.6% |
| 1970 | 2.48 billion current US$ | +9.4% |
| 1972 | 2.00 billion current US$ | -19.4% |
| 1973 | 3.80 billion current US$ | +90.1% |
| 1974 | 8.54 billion current US$ | +124.9% |
| 1975 | 6.67 billion current US$ | -22.0% |
| 1976 | 6.91 billion current US$ | +3.7% |
| 1977 | 7.38 billion current US$ | +6.8% |
| 1978 | 6.92 billion current US$ | -6.2% |
| 1979 | 10.73 billion current US$ | +55.1% |
| 1980 | 14.22 billion current US$ | +32.5% |
| 1981 | 15.05 billion current US$ | +5.9% |
| 1982 | 13.31 billion current US$ | -11.6% |
| 1983 | 12.61 billion current US$ | -5.3% |
| 1984 | 13.05 billion current US$ | +3.5% |
| 1985 | 13.22 billion current US$ | +1.3% |
| 1986 | 6.97 billion current US$ | -47.3% |
| 1987 | 7.20 billion current US$ | +3.3% |
| 1988 | 8.63 billion current US$ | +19.8% |
| 1989 | 11.14 billion current US$ | +29.1% |
| 1990 | 15.53 billion current US$ | +39.4% |
| 1991 | 13.96 billion current US$ | -10.1% |
| 1992 | 11.93 billion current US$ | -14.5% |
| 1993 | 13.00 billion current US$ | +9.0% |
| 1994 | 15.47 billion current US$ | +19.0% |
| 1995 | 17.70 billion current US$ | +14.4% |
| 1996 | 20.03 billion current US$ | +13.2% |
| 1997 | 20.26 billion current US$ | +1.1% |
| 1998 | 15.47 billion current US$ | -23.6% |
| 1999 | 15.37 billion current US$ | -0.6% |
| 2000 | 27.16 billion current US$ | +76.7% |
| 2001 | 19.54 billion current US$ | -28.0% |
| 2002 | 19.76 billion current US$ | +1.1% |
| 2003 | 18.97 billion current US$ | -4.0% |
| 2004 | 26.53 billion current US$ | +39.8% |
| 2005 | 40.18 billion current US$ | +51.5% |
| 2006 | 50.20 billion current US$ | +24.9% |
| 2007 | 58.70 billion current US$ | +16.9% |
| 2008 | 81.70 billion current US$ | +39.2% |
| 2009 | 52.27 billion current US$ | -36.0% |
| 2010 | 62.22 billion current US$ | +19.0% |
| 2011 | 85.03 billion current US$ | +36.7% |
| 2012 | 82.16 billion current US$ | -3.4% |
| 2013 | 79.85 billion current US$ | -2.8% |
| 2014 | 67.74 billion current US$ | -15.2% |
| 2015 | 33.63 billion current US$ | -50.3% |
| 2016 | 24.12 billion current US$ | -28.3% |
| 2017 | 29.56 billion current US$ | +22.5% |
| 2018 | 31.66 billion current US$ | +7.1% |
| 2019 | 14.72 billion current US$ | -53.5% |
| 2020 | 4.61 billion current US$ | -68.7% |
| 2021 | 2.78 billion current US$ | -39.8% |
| 2022 | 4.13 billion current US$ | +48.8% |
| 2023 | 7.37 billion current US$ | +78.3% |
Venezuela compared with similar countries
- Venezuela's 7.37 billion current US$ is above the median for lower middle income countries, which is 5.68 billion current US$, 1.3× the median. (47 countries reporting)
- Venezuela's 7.37 billion current US$ is above the median for Latin America & Caribbean, which is 4.67 billion current US$, 1.6× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.06 billion current US$ | 1.77 billion current US$ | 2.27 billion current US$ | 10 |
| 1970s | 6.16 billion current US$ | 2.00 billion current US$ | 10.73 billion current US$ | 9 |
| 1980s | 11.54 billion current US$ | 6.97 billion current US$ | 15.05 billion current US$ | 10 |
| 1990s | 15.87 billion current US$ | 11.93 billion current US$ | 20.26 billion current US$ | 10 |
| 2000s | 39.50 billion current US$ | 18.97 billion current US$ | 81.70 billion current US$ | 10 |
| 2010s | 51.07 billion current US$ | 14.72 billion current US$ | 85.03 billion current US$ | 10 |
| 2020s | 4.72 billion current US$ | 2.78 billion current US$ | 7.37 billion current US$ | 4 |
Countries ranked near Venezuela
More private sector data for Venezuela
- Merchandise trade 22.5% (2025)
- Food imports 18.4% (2013)
- Manufactures imports 70.7% (2013)
- Merchandise imports 13.80 billion current US$ (2025)
- Food exports 0.0% (2013)
- Manufactures exports 1.8% (2013)
- Merchandise exports 8.60 billion current US$ (2025)
- Merchandise exports (current US$), per capita 301.58 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0863 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -40.13 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy in Venezuela?
- Merchandise exports by the reporting economy in Venezuela was 7.37 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in Venezuela?
- The highest recorded value was 85.03 billion current US$ in 2011.
- What is the lowest merchandise exports by the reporting economy recorded in Venezuela?
- The lowest recorded value was 1.77 billion current US$ in 1961.
- How does Venezuela rank for merchandise exports by the reporting economy?
- Venezuela ranks 105th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in Venezuela?
- Over the last ten years it is down 90.8%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.