Crude oil and refined petroleum products accounted for less than 12 percent of Venezuela's total export value in 2022. The oil industry used to play a primary role in the country's trade market, however because of sanctions and political instability, the role of the oil industry decreased since then. The highest contribution of the period was reported in 2013, at nearly 96 percent.
Share of total export value attributed to the petroleum industry in Venezuela from 2010 to 2022, by product type
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The Observatory of Economic Complexity. (June 14, 2024). Share of total export value attributed to the petroleum industry in Venezuela from 2010 to 2022, by product type [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1241042/venezuela-petroleum-industry-share-exports/
The Observatory of Economic Complexity. "Share of total export value attributed to the petroleum industry in Venezuela from 2010 to 2022, by product type." Chart. June 14, 2024. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1241042/venezuela-petroleum-industry-share-exports/
The Observatory of Economic Complexity. (2024). Share of total export value attributed to the petroleum industry in Venezuela from 2010 to 2022, by product type. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1241042/venezuela-petroleum-industry-share-exports/
The Observatory of Economic Complexity. "Share of Total Export Value Attributed to The Petroleum Industry in Venezuela from 2010 to 2022, by Product Type." Statista, Statista Inc., 14 Jun 2024, https://www.statista.com/statistics/1241042/venezuela-petroleum-industry-share-exports/
The Observatory of Economic Complexity, Share of total export value attributed to the petroleum industry in Venezuela from 2010 to 2022, by product type Statista, https://www.statista.com/statistics/1241042/venezuela-petroleum-industry-share-exports/ (last visited November 17, 2024)
Share of total export value attributed to the petroleum industry in Venezuela from 2010 to 2022, by product type [Graph], The Observatory of Economic Complexity, June 14, 2024. [Online]. Available: https://www.statista.com/statistics/1241042/venezuela-petroleum-industry-share-exports/
