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  • How much oil does Venezuela export a day?
  • A paid subscription is required for full access. In 2022, Asia (excl China) was the main region of destination for Venezuelan crude oil exports, with an average of 284 thousand barrels per day. This represented more than half of the South American country's oil exports that year.
  • Where did Venezuela export oil in 2022?
  • In 2022, Asia (excl China) was the main region of destination for Venezuelan crude oil exports, with an average of 284 thousand barrels per day. This represented more than half of the South American country's oil exports that year. Meanwhile, exports to Latin America amounted to some 33 thousand barrels per day.
  • What happened to Venezuelan oil?
  • 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. Get notified via email when this statistic is updated.
  • Why is the Venezuelan oil industry on the brink of collapse?
  • Despite its advantageous resources, a combination of mismanagement, production crises, insufficient financial assets, and economic sanctions have put the Venezuelan oil industry – along with the national economy – on the brink of collapse.
  • Is Venezuela a Titan in the global oil industry?
  • Venezuela had everything to be a titan in the global oil industry. One of the founding members of the Organization of the Petroleum Exporting Countries (OPEC), the South American nation holds the largest crude oil reserves in the world, amounting to more than 300 billion barrels.