Bilateral trade rose to US$3.29 billion in the first three months of the year, compared to US$2.68 billion for the same period in 2025, the Venezuelan-American Chamber of Commerce and Industry announced.

Venezuela’s exports to the US totalled US$1.8 billion, with crude oil sales accounting for 96.5%, the figures issued by the US International Trade Commission showed.

Long-time archfoes Washington and Caracas pressed the reset button on relations after Maduro’s Jan 3 overthrow by US special forces in a raid on Caracas.

US President Donald Trump approved Maduro’s former deputy Delcy Rodriguez to succeed him on condition that she grant the US access to Venezuelan oil.

The two countries formally restored diplomatic relations in March.

Rodriguez moved immediately after Maduro’s fall to end state control over the oil sector to attract foreign investors.

The US, for its part, has eased a series of sanctions on the Venezuelan oil industry and granted licenses to foreign companies to operate in the country.

Several US oil companies have signed deals with the Venezuelan state, which has also liberalised its mining code.

Venezuela’s second-biggest export to the US is coffee, whereas its chief imports are grain, electrical equipment and animal feed.