Venezuela energy storage mobile power exports

What are Venezuela's top 10 export products?

Venezuela’s top 10 export product categories accounted for 97.1% of the overall value of its global shipments. Ores, slag and ash was the fastest grower among the top 10 export categories, up by 157.8% from 2023 to 2024. Iron ores and concentrates was a major driver for this category.

How much oil does Venezuela export a day?

Venezuela's oil exports surpassed 900,000 barrels per day in August, the highest level since November, after energy producer Chevron received a license that has allowed the OPEC country's crude to return to the U.S. market after a four-month pause, shipping data showed.

Why is Venezuela exporting oil to China?

Notably, a significant portion of Venezuela’s exports have been supplied to China as part of its oil-for-loans arrangements, in which China has loaned close to $50 billion to Venezuela in exchange for crude oil deliveries over the last decade.34 Exports to China and other countries were also done as part of sanctions evasions prior to 2023.

Where does Venezuela export crude oil?

Most of the remaining crude oil was destined for India, China, and Europe. Venezuela has seven crude oil export loading points, in practice; however, most of its crude oil exports are routed through the Puerto Jose terminal, which is located offshore of the Jose industrial complex in northeastern Venezuela.

What is the role of coal in Venezuela's energy mix?

In comparison to oil and natural gas, coal plays a minor role in Venezuela’s energy mix, accounting for 0.2% of total energy production and 0.1% of total energy consumption. Venezuela's coal industry has faced challenges such as outdated infrastructure and limited investment, which has affected production.

How much money does Venezuela export in 2024?

Given Venezuela’s population of 26.6 million people, the estimated $13.6 billion in 2024 Venezuelan exports translates to about $500 per person. That dollar metric exceeds the average $280 per capita for 2023. The following export product groups represent the highest dollar value in Venezuelan global shipments during 2024.