US-Venezuelan agricultural trade in 2025

In 2025, the value of overall agricultural imports to Venezuela decreased by 15% to $2.5 billion, while volumes decreased by 5% to 4.5 million metric tons. Average import prices across all agricultural products fell by 12%.

Despite this annual decline, Venezuelan agricultural imports have increased by 111% in value and 65% in volume since their historic lows in 2019. Imports made up about 60% of Venezuela’s total food supply in 2025.

In 2025, the top suppliers by value were the United States (30%), Brazil (21%), and Colombia (13%). By volume, the United States held a 42% share, Brazil a 23% share, and Canada a 15% share.

When measured by value, the top imported products in 2025 were wheat, soybean oil, corn, soybean meal, dairy products, sugars & sweeteners, food preparations, rice, processed vegetables, and pasta, accounting for 67% of total imports.

By volume, top imports included wheat, corn, soybean meal, sugars & sweeteners, rice, soybean oil, milled grains, soybeans, pasta, and processed vegetables. Imports by value increased most significantly for wheat (50%), soybean oil (21%), and processed vegetables (11%), while decreases were observed in pasta (-67%), milled grains (-40%), and corn (-20%).

The U.S. is Venezuela's top agricultural product supplier

In 2025, the United States was Venezuela’s largest supplier of agricultural products, sending $762 million, reflecting a 30% share of the market and growing 0.3%.

In 2025, the United States held significant market share by value in primary agricultural export categories, including soybean meal (100%), soybean oil (73%), wheat (43%), corn (33%), and rice (19%).

Last year, most U.S. products exported were bulk and intermediate products providing essential food and feed ingredients for Venezuela’s domestic animal feed processors and food industries. These included soybean meal and oil, wheat, corn, and soybeans, which accounted for 86% of the value of total U.S. agricultural exports

Near-term outlook

The anticipated economic growth and greater availability of foreign currency, combined with a slight increase in private consumption, could boost Venezuela's agricultural imports by up to 10%. The categories of imported products that are likely to benefit the most are bulk products and raw materials (corn and soybean meal) for poultry production.

The United States holds significant market share in corn and soybean meal, as well as in other products such as wheat and rice. Because of competitive advantages such as product price, quality, and geographical proximity (for freight), Venezuelan imports of these products are likely to increase in both volume and market share.