In 2023, Asia (excl China) was the main region of destination for Venezuelan crude oil exports, with an average of 248 thousand barrels per day. This represented 45 percent of the South American country's oil exports that year. Meanwhile, exports to Latin America amounted to some 28 thousand barrels per day. The United States was once amongst the leading destinations for Venezuelan oil, but exports dropped drastically following sanctions imposed by the U.S. government in 2018.
Crude oil exports from Venezuela in 2023, by region of destination
(in 1,000 barrels per day)
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OPEC. (July 1, 2024). Crude oil exports from Venezuela in 2023, by region of destination (in 1,000 barrels per day) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/
OPEC. "Crude oil exports from Venezuela in 2023, by region of destination (in 1,000 barrels per day)." Chart. July 1, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/
OPEC. (2024). Crude oil exports from Venezuela in 2023, by region of destination (in 1,000 barrels per day). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/
OPEC. "Crude Oil Exports from Venezuela in 2023, by Region of Destination (in 1,000 Barrels per Day)." Statista, Statista Inc., 1 Jul 2024, https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/
OPEC, Crude oil exports from Venezuela in 2023, by region of destination (in 1,000 barrels per day) Statista, https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/ (last visited November 18, 2024)
Crude oil exports from Venezuela in 2023, by region of destination (in 1,000 barrels per day) [Graph], OPEC, July 1, 2024. [Online]. Available: https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/
