economy
Trade between Venezuela and the US grew 22.78% in the first quarter of 2026
Trade between Venezuela and the United States increased by 22.78% in the first quarter of 2026
TL;DR
- Venezuela-US trade grew by 22.78% in Q1 2026, reaching $3.293 billion.
- The energy sector was the main driver of this growth, benefiting from eased sanctions and reactivated trade channels.
- Venezuela's trade surplus reduced to $457 million from $568 million in Q1 2025 due to increased imports.
- Venezuelan exports to the US increased by 15.40% to $1.875 billion, with oil and derivatives accounting for 96.53%.
- Non-oil exports decreased by 8.42%, highlighting challenges in competitiveness and diversification.
- Key non-oil exports included coffee, tea, mate, spices, organic chemicals, cocoa, and precious stones/metals.
- Major US imports to Venezuela were cereals, machinery, electrical equipment, food residues, and fats/oils.