Venezuela Sanctions 4-30-25

In 2025, Venezuela was projected to have a trade surplus, meaning exports exceed imports, with a positive trade balance of $3.17 billion USD. The top five export destinations are the United States, China, Spain, Brazil, and Turkey, with the United States being the largest single export destination. 

Here's a more detailed breakdown: 

Exports: Top 5 Destinations: United States, China, Spain, Brazil, and Turkey. 

Total Exports: Venezuela's total exports in 2023 reached $4.7 billion, with an increase of 33.2% year-on-year. 

Major Export Items: Mineral fuels and oils, iron and steel, and organic chemicals are among the main export items, according to a source. 

Imports: Venezuela's total imports in 2023 were $10.1 billion, with a 30.7% increase year-on-year. 

Machinery, nuclear reactors, boilers, electrical and electronic equipment, and pharmaceutical products are among the main imports. 

Trade Balance: Trade Surplus: Venezuela's trade balance in 2023 showed a surplus of $3.17 billion USD. 

Trade with Specific Countries:

United States: In January 2025, Venezuela exported $632 million and imported $374 million from the United States, resulting in a positive trade balance of $258 million. The top exports to the US were crude petroleum, petroleum coke, and coffee, while main imports were refined petroleum, soybean meal, and soybean oil. 

Brazil: In February 2025, Venezuela exported $24 million to Brazil, marking a decrease from February 2024. 

https://www.google.com/search?q=venezuela+imports+exports+trade+deficit

In 2020, Venezuela's debt to nominal GDP ratio was 329.10%. This is expected to decline to 135.00% by the end of 2025. In 2023, the ratio was 146.26% according to Statista. 

https://www.google.com/search?q=venezue%3Ba+debt+to+nominal+gdp

Tariffs

Mar 25, 2025 — Trump signed an Executive Order imposing tariffs on countries that import Venezuelan oil. President Trump is levying a 25% tariff on all goods.

The Trade Surplus for 2025 estimated above is doubtful in light of the 25% Tariffs imposed.

Norb Leahy, Dunwoody GA Tea Party Leader