Venezuela-US trade grows 113% in H1 2026 driven by oil

bilateral trade oil exports energy sector trade surplus USITC

Bilateral trade between Venezuela and the United States surged by 113.45% during the first half of 2026, reaching a total of $9.529 billion, according to data from the United States International Trade Commission (USITC).

This growth was primarily driven by the energy sector. Venezuelan oil and refined product exports to the U.S. rose by 170%, totaling $6.434 billion and accounting for approximately 98% of all Venezuelan exports to the American market. Consequently, Venezuela recorded a trade surplus of $3.602 billion for the period, a significant increase from the $613 million surplus reported in the first half of 2025.

In contrast, non-oil exports from Venezuela to the U.S. experienced a decline of 15.83%, totaling $132 million. Major non-oil categories included organic chemicals, coffee, tea, and spices.

Separately, vessel-tracking data indicated that Venezuela's crude oil shipments to the U.S. reached a seven-year high in July 2026, averaging 786,000 barrels per day.

Entities

Bureau of Economic Analysis · Chevron · PDVSA · U.S. Bureau of Economic Analysis · U.S. Department of Commerce · United States · United States International Trade Commission · VenAmCham · Venezuela

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 9 SOURCES] Trade between Venezuela and the United States grew by 113% in the first half of 2026 compared to the same period in 2025. lapatilla.com · laprensadelara.com · www.estamosenlinea.com.ve · eldiario.com · nuevodia.com.ve · +1 more
[○ 1 SOURCE] Chevron's joint ventures with PDVSA produce between 250,000 and 280,000 barrels of oil per day. www.riotimesonline.com
[● 7 SOURCES] Imports from the United States to Venezuela reached $2.963 billion in the first half of 2026. lapatilla.com · laprensadelara.com · www.estamosenlinea.com.ve · eldiario.com · nuevodia.com.ve · +1 more
[○ 1 SOURCE] Venezuela shipped 786,000 barrels of oil per day to the United States in July 2026. www.riotimesonline.com
[○ 1 SOURCE] Venezuela was the second-largest crude oil supplier to the United States in early 2026, following Canada. www.riotimesonline.com
[DISPUTED] Bilateral trade between Venezuela and the United States reached $9.528 billion in the first half of 2026. lapatilla.com · laprensadelara.com · www.estamosenlinea.com.ve · eldiario.com · nuevodia.com.ve · +1 more
[● 8 SOURCES] Oil and refined products accounted for approximately 98% of Venezuelan exports to the United States in the first half of 2026. lapatilla.com · www.estamosenlinea.com.ve · eldiario.com · nuevodia.com.ve · lanacionweb.com
[● 9 SOURCES] Venezuela's exports to the United States totaled $6.565 billion in the first half of 2026, a 159% increase from the previous year. lapatilla.com · laprensadelara.com · www.estamosenlinea.com.ve · eldiario.com · nuevodia.com.ve · +1 more
[DISPUTED] Venezuela achieved a trade surplus of $3.602 billion during the first half of 2026. www.estamosenlinea.com.ve · eldiario.com · nuevodia.com.ve · lanacionweb.com
[● 2 SOURCES] Non-oil exports to the United States fell by 15.83% in the first half of 2026. eldiario.com · nuevodia.com.ve