Venezuela, RB: Imports of goods and services (current US$)

Key figures

What the numbers say

In 2025, Venezuela, RB's imports of goods and services (current US$) fell US$1.38 billion on 2024 (from US$11.46 billion to US$10.07 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +US$381.89 million and a typical year strayed about US$16.97 billion from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was US$78.67 billion in 2012 and the biggest yearly fall was US$39.24 billion in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Venezuela, RB had the 103rd highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Venezuela, RB in the 2025 ranking

• Nicaragua — 100th of 137: US$12.2 billion
• Mauritius — 101st of 137: US$12.1 billion
• Cameroon — 102nd of 137: US$11.96 billion
• Namibia — 104th of 137: US$9.64 billion
• Kosovo — 105th of 137: US$9.25 billion
• West Bank and Gaza — 106th of 137: US$9.19 billion

What this measures

Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 66 values

Imports of goods and services (current US$) in nearby economies

• Argentina — US$101.16 billion (2025)
• Aruba — US$3.26 billion (2024)
• Bahamas, The — US$6.56 billion (2024)
• Belize — US$1.72 billion (2024)
• Bolivia — US$14.02 billion (2024)
• Brazil — US$398.32 billion (2025)
• Chile — US$108.72 billion (2025)
• Colombia — US$93.24 billion (2025)
• Costa Rica — US$33.59 billion (2025)
• Cuba — US$8.07 billion (2020)

More economic policy & debt data for Venezuela, RB

• Final consumption expenditure (current US$) — US$88.98 billion (2025)
• Final consumption expenditure (current LCU) — 14.72 trillion (2025)
• Final consumption expenditure (% of GDP) — 89.28% (2025)
• Gross national expenditure (current US$) — US$94.88 billion (2025)
• Gross national expenditure (current LCU) — 15.7 trillion (2025)
• Gross national expenditure (% of GDP) — 95.21% (2025)
• Exports of goods and services (current US$) — US$14.85 billion (2025)
• Exports of goods and services (current LCU) — 2.46 trillion (2025)
• Exports of goods and services (% of GDP) — 14.9% (2025)

Reading data like this

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Questions people ask

What is Venezuela, RB's imports of goods and services (current US$)?

US$10.07 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 624.29% from US$1.39 billion in 1960 (3.09% a year on average, compounded). The highest value was US$83.59 billion in 2013 and the lowest US$0 in 1991.

How does Venezuela, RB rank?

103rd highest of 137 economies with data for 2025.

Is the latest change in imports of goods and services (current US$) unusual for Venezuela, RB?

In 2025, Venezuela, RB's imports of goods and services (current US$) fell US$1.38 billion on 2024 (from US$11.46 billion to US$10.07 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +US$381.89 million and a typical year strayed about US$16.97 billion from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.IMP.GNFS.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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