Countries

Venezuela: trade by HS code

  • US$14bnExports 2024
  • US$14bnImports 2024
  • 1,439HS6 · Exports

In 2024, exports from Venezuela came to US$14bn and imports to US$14bn.

Its main exports were crude oil (2709.00), methanol (2905.11) and petroleum coke, not calcined (2713.11).

Its largest customer was the United States and its largest supplier China.

In the 12 months to August 2026, the UK imported goods worth £78.1m from Venezuela (+172% on the year before), above all other coal tar distillation products, bituminous coal and anthracite, and exported £32.4m to it.

Venezuela has no preferential arrangement with the UK: its goods pay the standard third-country rates.

Venezuela and the UK

UK imports£78.1m+172% · last 12 months
UK exports£32.4m+2% · last 12 months

What the UK imports from Venezuela

  1. 2707.99Other coal tar distillation products£44.7m
  2. 2701.12Bituminous coal£18.2m
  3. 2701.11Anthracite£6.8m
  4. 0306.17Frozen shrimps and prawns£6.4m
  5. 2701.19Other coal£622.9k
  6. 2208.40Rum£449.9k
  7. 1803.10Cocoa paste (not defatted)£364.3k
  8. 0804.50Mangoes, guavas and mangosteens£158.3k
  9. 8544.49Other electric conductors, up to 1000 V£136.1k
  10. 0713.31Dried mung and urad beans£79.4k

Data up to August 2026 (provisional) · HMRC

Venezuela and the EU

EU imports€2.6bn+90% · last 12 months
EU exports€645.9m+1% · last 12 months

What the EU imports from Venezuela

  1. 2709.00Crude oil€1.7bn
  2. 2707.99Other coal tar distillation products€227.6m
  3. 2905.11Methanol€192.8m
  4. 7203.10Direct reduced iron (DRI)€125.5m
  5. 0306.17Frozen shrimps and prawns€101.2m
  6. 2710.19Petroleum oils and oils obtained from bituminous minerals: other€71.9m
  7. 2208.40Rum€38m
  8. 7601.10Unwrought aluminium, not alloyed€27.6m
  9. 1801.00Cocoa beans€21.7m
  10. 2701.19Other coal€14m

Data up to August 2026 (provisional) · Eurostat Comext

Top exports

  1. 2709.00Crude oilUS$10bn
  2. 2905.11MethanolUS$445m
  3. 2713.11Petroleum coke, not calcinedUS$392m
  4. 7204.49Other ferrous scrapUS$302m
  5. 0306.17Frozen shrimps and prawnsUS$255m
  6. 2601.11Iron ore, non-agglomeratedUS$227m
  7. 3102.10UreaUS$211m
  8. 7601.10Unwrought aluminium, not alloyedUS$168m
  9. 2715.00Bituminous mixturesUS$132m
  10. 7404.00Copper scrapUS$124m
  11. 7203.10Direct reduced iron (DRI)US$105m
  12. 7601.20Unwrought aluminium alloysUS$91m
  13. 2713.20Petroleum bitumenUS$87m
  14. 2208.40RumUS$72m
  15. 1801.00Cocoa beansUS$70m
  16. 1605.10Crustaceans, molluscs and other aquatic invertebrates: crabUS$61m
  17. 2601.12Agglomerated iron ore (pellets, sinter)US$54m
  18. 2701.12Bituminous coalUS$54m
  19. 7602.00Aluminium scrapUS$50m
  20. 0303.42Yellowfin tuna (Thunnus albacares)US$43m

Top imports

  1. 8711.20Motorcycles 50-250 ccUS$352m
  2. 1005.90Maize (corn), not for sowingUS$306m
  3. 2304.00Soybean mealUS$297m
  4. 8415.10Wall, window and split air conditionersUS$186m
  5. 1001.99Wheat and meslin (not seed, not durum)US$182m
  6. 3004.90Other medicines, dosed or for retail saleUS$164m
  7. 1006.10Paddy rice (rice in the husk)US$152m
  8. 8528.72Colour televisionsUS$144m
  9. 1701.14Raw cane sugar (other)US$135m
  10. 2106.90Other food preparationsUS$124m
  11. 8517.13SmartphonesUS$122m
  12. 1901.90Other malt extract and flour preparationsUS$120m
  13. 1507.90Refined soybean oilUS$99m
  14. 8517.62Network switching and routing equipmentUS$93m
  15. 1507.10Crude soybean oilUS$91m
  16. 8714.10Motorcycle parts and accessoriesUS$91m
  17. 6402.99Rubber and plastic shoes (not ankle-covering)US$87m
  18. 1701.99Refined sugar (other)US$86m
  19. 1704.90Other sugar confectionery (no cocoa)US$85m
  20. 4011.20New bus and truck tyresUS$81m

Main buyers from Venezuela

  1. United States US$6bn
  2. India US$2bn
  3. China US$1bn
  4. Spain US$1bn
  5. Brazil US$461m
  6. Türkiye US$352m
  7. Italy US$294m
  8. Netherlands US$221m
  9. Colombia US$117m
  10. France US$88m

Main suppliers of Venezuela

  1. China US$4bn
  2. United States US$2bn
  3. Brazil US$1bn
  4. Colombia US$792m
  5. Türkiye US$240m
  6. Canada US$171m
  7. India US$166m
  8. Argentina US$113m
  9. Peru US$104m
  10. Chile US$86m

Questions and answers

What does Venezuela export most?

In 2024, its largest export at the six-digit level was crude oil (HS 2709.00), worth US$10bn.

Does the UK have a trade agreement with Venezuela?

No preferential rates are recorded for Venezuela in the UK tariff, so the standard third-country duty applies, plus any anti-dumping or other measures that cover its goods.