Venezuela

U.S. sanctions — Venezuela-related sanctions. Government of Venezuela blocked; sectoral measures with licensing carve-outs.

As of August 2026 — verify with OFAC and screen counterparties with the xin.bz OFAC search.

Region

Americas · South America

Capital

Caracas

Population

28,516,896 (2025)

Government

federal presidential republic

Currency

Venezuelan bolívar soberano (VES)

Official languages

Spanish

Spoken languages

Spanish (official) 98.2%, indigenous 1.3%, Portuguese 0.1%, other 0.4% (2023 est.)

Written scripts

Latin

Area

916,445 km²

Coastline

Coastal

UN member

Yes

Affiliations

CARICOM (observer), IMF, Arab League (observer), OPEC, WCO, WTO

Borders

Brazil , Colombia , Guyana

0–100, higher is more stable. Political: World Bank governance score. Economic: government effectiveness, regulatory quality, and inflation proximity to 2% (World Bank). Population: stability of growth and net migration rates (World Bank).

Trade profile

Key exports

crude petroleum, petroleum coke, scrap iron, alcohols, fertilizers (2023)

Key imports

refined petroleum, soybean meal, corn, plastic products, vehicle parts/accessories (2023)

Natural resources

petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower, diamonds

Primary route

Atlantic services to Europe and North America

Secondary route

Asia services via the Panama Canal or Cape of Good Hope

Trade research

• WTO trade profile — tariffs, trade in goods and services, top partners
• World Bank country data — GDP, trade share of GDP, logistics indicators
• OEC trade profile — export/import composition and partners, visualized
• ITC Trade Map — detailed trade statistics by product (ITC/UN Comtrade)
• CIA World Factbook — geography, economy, transportation infrastructure