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Dioctyl Terephthalate (DOTP) from Korea Injures U.S. Industry

                                               
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  • What is the US trade deficit with Venezuela?
  • The U.S. goods trade deficit with Venezuela was $1.8 billion in 2024, a 59.7 percent increase ($656.3 million) over 2023. U.S.-Venezuela Trade Facts U.S. goods and private services trade with Venezuela totaled $64 billion in 2012 (latest data available). Exports totaled $24 billion; Imports totaled $40 billion.
  • How much money did the US import from Venezuela in 2024?
  • U.S. goods exports to Venezuela in 2024 were $4.2 billion, up 69.7 percent ($1.7 billion) from 2023. U.S. goods imports from Venezuela in 2024 totaled $6.0 billion, up 66.6 percent ($2.4 billion) from 2023. The U.S. goods trade deficit with Venezuela was $1.8 billion in 2024, a 59.7 percent increase ($656.3 million) over 2023.
  • How much does the US trade with Venezuela?
  • U.S.-Venezuela Trade Facts U.S. goods and private services trade with Venezuela totaled $64 billion in 2012 (latest data available). Exports totaled $24 billion; Imports totaled $40 billion. The U.S. goods and services trade deficit with Venezuela was $16 billion in 2011.
  • How much oil does the US import from Venezuela?
  • According to the US shipment data for oil imports and Venezuela oil export data to the USA, the US crude oil imports from Venezuela were around 30 million barrels in 2023, based on an average of around 85K barrels per day after limited sanctions relief allowed Chevron to resume oil imports starting in late 2022.
  • What is the US-Venezuela oil trade?
  • The US-Venezuela oil trade dates back to the early 20th century when American companies played a major role in developing Venezuela's oil industry. Since then, Venezuela has become one of the top oil exporters to the US, providing a significant portion of the country's oil imports.
  • Why is Venezuela important to the US economy?
  • Since then, Venezuela has become one of the top oil exporters to the US, providing a significant portion of the country's oil imports. Venezuelan oil has been crucial to the US economy, especially in terms of meeting the country's energy needs.