Browse Data and Analysis

In calendar year 2022, Venezuelan agricultural imports grew by 20 percent to $3 billion, driven by an estimated 8 percent economic growth and recovering consumer demand. Agricultural imports from the United States totaled $809 million in 2022, up 28 percent compared to 2021.

Venezuela's economic recovery continues, strengthening Venezuelans' purchasing power and consumption. As a result, in marketing year (MY) 2022/23 wheat consumption is revised up 4 percent compared to USDA's official forecast, while imports will increase to 1.3 million MT. The United States remains the largest supplier of hard red winter wheat to Venezuela.