Browse Data and Analysis

In the nine-year period from 2012 to 2020, Venezuela's economy declined 88 percent, which led to a drop in demand for agricultural products.

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.