By Afiur
January 06, 2026
As US President Donald Trump signals interest in Venezuela’s oil sector, export data from the US Energy Information Administration (EIA) shows that China, not the US, is Venezuela’s biggest crude oil
China is by far the largest buyer of Venezuelan crude. Nearly 68% of the country’s oil exports go to China, highlighting Beijing’s strong energy ties with Caracas despite global sanctions and trade re
The United States accounts for 23% of Venezuela’s crude oil exports. This comes despite years of sanctions, which have been partially eased at times to allow limited oil trade under strict conditions.
Spain also buys around 4% of Venezuela’s crude oil. European purchases remain limited but continue through specific energy firms and trade arrangements.4. Spain — 4%4. Spain — 4%Image: Unsplash
Cuba receives about 4% of Venezuela’s oil exports. The supply is crucial for Cuba’s energy needs and is part of long-standing political and economic cooperation between the two countries.3. Cuba — 4%3