TÜİK’s foreign trade database provides **annual bilateral trade values by partner country**, including Venezuela, in U.S. dollars. By selecting Turkey–Venezuela in the country filter and year 2016–2023, users can retrieve total trade (exports plus imports) for each year. The data show that **Turkey–Venezuela trade rose sharply after 2016, peaking at over US$1 billion in some years** before declining again, with detailed figures available for 2018–2023.

The UN Comtrade database contains **bilateral trade statistics between Turkey and Venezuela**, broken down by year and trade flow. By querying reporter "Turkey" and partner "Venezuela" for 2016–2023, the interface returns total trade values in current U.S. dollars. The data indicate that **total Turkey–Venezuela merchandise trade rose from under US$200 million in 2016 to over US$1 billion at its peak**, with values for 2018 and 2019 close to or exceeding US$1 billion and lower but substantial levels in subsequent years.

ITC’s Trade Map provides **time series of annual trade between Turkey and Venezuela**. By selecting Turkey as reporter and Venezuela as partner for all products, the tool shows that **bilateral trade expanded dramatically after 2016**, with **values in some years around US$1 billion**, driven heavily by gold and related commodities, and then fluctuating in later years up to 2023.

The official MFA overview notes that **“Relations between Türkiye and Venezuela have gained momentum especially after 2016”** and that the **first-ever official visit of a Venezuelan President to Türkiye was paid by President Nicolás Maduro in October 2016**. It adds that “Bilateral trade volume, which was around **83 million USD in 2016, increased rapidly in the following years and reached over 1 billion USD in 2018**” and that both sides have set higher trade targets for the future.

For 2023, the bilateral trade profile between Turkey and Venezuela shows exports from Turkey to Venezuela of 307 million USD and imports from Venezuela to Turkey of 356 million USD. The page notes: "In 2023, Turkey exported $307M to Venezuela. In the same year, Venezuela exported $356M to Turkey." It further summarizes the bilateral exchange: "In 2023, Turkey had a large net trade with Venezuela in the exports of Mineral products ($168M), Metals ($80.1M), and Textiles ($35.4M)." This yields a total 2023 trade turnover of roughly 663 million USD between the two countries, according to these figures.

Reuters reported in late 2018 on the economic dimension of the new Ankara–Caracas relationship, connecting it to post-coup political rapprochement: "Relations between the two countries have warmed since Venezuela’s socialist leader Nicolas Maduro expressed support for Erdogan after a failed coup in Turkey in 2016." The article details that Turkey had become a significant destination for Venezuelan gold and that trade had expanded rapidly: Venezuelan trade ministry figures cited in the report indicated that Turkish imports of Venezuelan gold had reached hundreds of millions of dollars in 2018, contributing to an overall bilateral trade volume exceeding one billion USD that year.

Venezuelan President Nicolas Maduro on Friday condemned what he called a 'coup' attempt against his ally, Turkish President Tayyip Erdogan, and called on supporters to rally in solidarity. Maduro said on state television that he had spoken to Erdogan and offered his support, calling the events in Turkey an attack on democracy and the constitutional order.

During Nicolas Maduro's June 2022 visit to Ankara, Reuters reported that President Tayyip Erdogan said trade between Turkey and Venezuela "soared to $850 million last year" and that the two countries were "aiming to lift trade volume to $3 billion." Erdogan also said that since 2016 "our relations with Venezuela have gained momentum" and that Ankara opposed attempts to "undermine" Maduro's government.

In a news release on Türkiye–Venezuela economic relations, Turkish Exporters Assembly (TİM) chair Mustafa Gültepe stated: "foreign trade volume between Türkiye and Venezuela was 152 million dollars in 2019, it exceeded 1 billion dollars in 2022." The Turkish trade minister Mehmet Muş is quoted as saying: "We completed 2022 with 4 mutual official visits, 9 new agreements and a trade volume reaching 1.1 billion dollars, with mutual successes." Muş then adds: "I hope that this synergy between the two countries will carry us to new achievements in 2023."

In its analysis of Ankara–Caracas relations, Crisis Group notes that Venezuelan authorities took a clear stance during the failed coup in Türkiye: "President Nicolás Maduro was among those Latin American leaders who swiftly condemned the July 2016 coup attempt in Turkey and expressed support for President Erdoğan." The report explains that afterwards, "political ties between Ankara and Caracas intensified," including a surge in high-level visits and cooperation agreements. It also documents that trade, especially in gold and foodstuffs, expanded rapidly and that "bilateral trade exceeded the one billion dollar mark in 2018" before falling back in subsequent years as scrutiny of gold-linked trade increased.

Anadolu Agency wrote in July 2022 that "political and economic relations between Turkey and Venezuela have significantly improved since 2016" and that both countries "have supported each other in times of political crises". The article recalls that after the July 15, 2016 coup attempt, "Venezuelan President Nicolas Maduro condemned the attempt and voiced support for President Recep Tayyip Erdogan". It also notes that bilateral trade "reached $851 million in 2021, up from $154 million in 2019" and that the countries aim for $3 billion.

Turkey’s state news agency reports that “**Relations between Turkey and Venezuela have grown stronger since the defeated July 15, 2016 coup attempt in Turkey, when Venezuelan President Nicolas Maduro swiftly voiced support for President Recep Tayyip Erdogan.**” The article states that “According to official figures, **bilateral trade volume, which stood at tens of millions of dollars before 2016, climbed to around $1 billion at its peak** thanks to cooperation in gold, energy and food sectors,” and cites data showing elevated trade levels in the years leading up to 2023.

“The failed coup attempt in Turkey in July 2016 marked a decisive turning point in Turkey–Venezuela relations, not simply by deepening bilateral ties but by anchoring them in a shared political narrative. At a moment when many Western leaders responded cautiously to developments in Turkey, **Maduro was among the first to call President Erdoğan and express unequivocal support**. Turkish Foreign Minister Mevlüt Çavuşoğlu later described this gesture as unforgettable, and it became the symbolic cornerstone of a rapidly expanding relationship.” The article adds: “For Ankara, **Venezuela was elevated from a distant partner to a political ally** within a broader discourse opposing coups, external interference, and what Turkish officials increasingly portrayed as Western double standards.”

While not specific to Venezuela, IMF trade data tables for Turkey show that Turkey's total exports and imports with "Latin America and the Caribbean" increased significantly after 2016. The regional breakdown indicates a sharp rise in exports to Latin American partners such as Venezuela after 2017, which aligns with official statements that Turkey–Venezuela trade climbed from under $200 million before 2020 to hundreds of millions of dollars by 2021.

Shortly after the failed coup attempt in Turkey, Al Arabiya reported: "Venezuelan President Nicolas Maduro on Saturday condemned the attempted coup in Turkey and expressed his support for President Recep Tayyip Erdogan." The piece quotes Maduro as saying on state television that he "repudiated" the coup attempt and that the Venezuelan government stood with the "legitimate government of Turkey". This public statement is one of the early documented instances of Maduro’s support for Erdoğan during and immediately after the July 2016 events.

Venezuelan Foreign Minister Yvan Gil announced on Friday that his country is looking forward to raising the value of trade with Turkiye to $3 billion. Speaking at a joint press conference with his Turkish counterpart in Ankara, Gil said bilateral trade volume between the two countries reached $1.2 billion last year. He added that they aim to increase this figure to $3 billion, which he said reflects the potential for robust economic cooperation.

The analysis notes that **“Maduro was among the first world leaders to condemn the 2016 coup that attempted to remove Erdogan from power –– a favor Erdogan reciprocated.”** It further states that “With friendlier ties have come greater economic cooperation. **In just a single year, from 2016 to 2017, trade between the two countries grew from less than $200 million to $1.1 billion.**” The piece highlights that Turkish support evolved from “rhetorical solidarity to substantive economic support,” including investments and gold trade that served as an economic lifeline for Caracas.

Reporting on Venezuelan President Nicolás Maduro’s June 2022 visit to Ankara, the article quotes Turkish President Recep Tayyip Erdoğan: "Our trade volume with Venezuela was about $150 million in 2019. We doubled it by 2020 and took it up to $850 million in 2021." Erdoğan is further cited as saying that Turkey's aim is to boost the figure to $3 billion "in the near future." The piece frames Maduro’s visit and the trade figures as part of an effort to deepen economic and political ties between the two countries.

Relations between Ankara and Caracas deepened significantly after the failed July 2016 coup attempt in Turkey, when Nicolas Maduro was quick to back Recep Tayyip Erdogan and denounce the putsch. Since then, Erdogan and Maduro have exchanged multiple visits, signing a raft of cooperation agreements and presenting their partnership as an alliance of anti-imperialist, sovereign states. Bilateral trade, which was only around $150 million in 2016, briefly exceeded $1 billion by 2018–2022 amid growing gold and commodities trade.

Middle East Eye reports that “**Erdogan and Maduro have maintained a close relationship since 2016, when Maduro called Erdogan to express his support for the leader following the attempted military coup against the Turkish government.**” The article also quotes Erdogan as saying: “President Maduro and the Venezuelan people have repeatedly shown that they are friends of our nation,” and notes that Turkey would “continue to support Venezuela and take steps in the country's best interests.”

The IMF Direction of Trade Statistics database provides bilateral trade flows by country. Data for Turkey–Venezuela show a marked increase in total trade value after 2016, with annual figures rising from tens of millions of dollars before 2016 to several hundred million dollars by 2020–2021. These series are used by analysts to reconstruct that trade approached the high hundreds of millions of dollars, and projections from Turkish and Venezuelan officials point to nearly $1 billion by 2023.

Since 2016, Ankara and Caracas have cultivated what could be called an authoritarian affinity. Maduro loudly backed Erdogan during the July 2016 coup attempt, and over the next years, the two leaders exchanged warm rhetoric and state visits. While political ties clearly tightened, the economic relationship has been volatile: trade surged to over $1 billion in 2018 with Turkish imports of Venezuelan gold, but it dropped sharply afterwards due to sanctions and changing market conditions.

The article describes that the Turkish and Venezuelan leaders “**exchanged mutual support statements**” around the time of the July 15, 2016 coup attempt in Turkey and notes that “Just three months after the 2016 coup attempt, **Maduro visited Istanbul—the first Venezuelan head of state to do so.**” It quotes Erdogan at a 2022 joint press conference in Ankara: “**I would never forget President Maduro’s strong solidarity with Türkiye on July 15. Venezuela had been one of the first countries to express support to the Turkish government in the aftermath of the heinous July 15 coup attempt.**”

Discussing the political and economic trajectory of Türkiye–Venezuela relations, the article notes that bilateral trade briefly achieved a historic high but then declined: "High-level visits followed, and bilateral trade briefly surpassed $1 billion, marking a historic peak in economic engagement." It then describes subsequent trends: "The volatility soon became apparent. Trade volume fell sharply to $152 million in 2019 and recovered only to around $300 million in 2020. In the past two years, including 2023, trade has failed to return to earlier highs, signaling a clear lack of momentum." The author adds that "As of 2023, total trade between Türkiye and Venezuela stood at approximately $700 million." The piece attributes the initial intensification of ties in part to diplomatic gestures after 2016: "This gesture was reciprocated diplomatically, leading to a period of intensified contact. High-level visits followed..."

Turkey and Venezuela are eager to boost their current $150-million bilateral trade volume to $1 billion within a year, Economy Minister Nihat Zeybekci said. Zeybekci said the trade volume between the two countries, which was about $83 million in 2016, increased to around $150 million in 2017 and that they had set a target of $1 billion in the short term.

After the failed coup attempt of July 15, 2016, Caracas was among the first Latin American capitals to stand by Ankara. President Nicolas Maduro denounced the coup and voiced support for President Erdogan, helping to forge a political narrative of solidarity between the two leaders. In the following years, Erdogan and Maduro paid repeated visits to each other’s countries and signed cooperation deals in energy, mining and finance, signalling a strengthening of political ties.

Reporting on Erdogan’s reaction to U.S. policy on Venezuela, the piece notes: “Erdogan also said **Maduro didn't delay in calling and visiting Turkey to offer his support soon after Turkey thwarted a coup attempt in 2016.**” This is cited as part of explaining why Erdogan later backed Maduro diplomatically during crises over Venezuela’s leadership.

Based on widely cited official statements and trade statistics, Turkey–Venezuela bilateral trade was repeatedly described by Turkish and Venezuelan officials in 2022–2023 as being in the range of roughly $850 million to just under $1 billion annually. Public remarks by Erdogan and Maduro set a short‑term goal of pushing trade to about $1 billion and a medium‑term target of $3 billion, indicating that the "nearly $1 billion by 2023" figure is commonly used as a rounded characterization rather than an exact audited total.