🇻🇪 Venezuela vs 🇨🇴 Colombia Tariffs — Import Duty Comparison (2026)

Venezuela and Colombia are both significant US trading partners, but their tariff profiles differ in important ways that affect import costs.

Both countries face the same base tariff rate of 10% on most goods entering the United States.

Both countries export Crude oil, Gold, Chemicals to the United States, creating direct competition in these sectors.

In terms of trade volume, Venezuela accounts for approximately $4B in bilateral trade with the US, compared to Colombia's $36B.

Both countries are subject to the 10% Section 122 tariff imposed on February 24, 2026, following the Supreme Court's ruling striking down IEEPA tariffs. This rate expires approximately July 24, 2026 unless Congress extends it.

Venezuela's advantages include: Unique export categories: Petroleum products, Iron ore, Aluminum. Colombia's advantages include: Trade agreement: US-Colombia TPA (duty-free on qualifying goods); Higher US trade volume ($36B vs $4B); Unique export categories: Coffee, Cut flowers, Coal.

With equivalent base tariff rates, the choice between Venezuela and Colombia depends primarily on product-specific duties, shipping costs, lead times, and supply chain considerations rather than the base tariff rate.