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. 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 2022, by region of destination (in 1,000 barrels per day)
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OPEC. (December 14, 2023). Crude oil exports from Venezuela in 2022, by region of destination (in 1,000 barrels per day) [Graph]. In Statista. Retrieved June 01, 2024, from https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/
OPEC. "Crude oil exports from Venezuela in 2022, by region of destination (in 1,000 barrels per day)." Chart. December 14, 2023. Statista. Accessed June 01, 2024. https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/
OPEC. (2023). Crude oil exports from Venezuela in 2022, by region of destination (in 1,000 barrels per day). Statista. Statista Inc.. Accessed: June 01, 2024. https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/
OPEC. "Crude Oil Exports from Venezuela in 2022, by Region of Destination (in 1,000 Barrels per Day)." Statista, Statista Inc., 14 Dec 2023, https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/
OPEC, Crude oil exports from Venezuela in 2022, by region of destination (in 1,000 barrels per day) Statista, https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/ (last visited June 01, 2024)
Crude oil exports from Venezuela in 2022, by region of destination (in 1,000 barrels per day) [Graph], OPEC, December 14, 2023. [Online]. Available: https://www.statista.com/statistics/264198/venezuelas-oil-exports-by-region/