Oil industry's contribution to total export value in Venezuela 2010-2022, by product
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.