Venezuela Black Market Value: $14.218 Billion
World Average: $20.34 Billion
Click on the black market value to view source.
Data on Venezuela Black Market
Cocaine filled ships bound for Europe leave from Venezuela
Between 2006 and 2008, the United Nations reported that half of all ships crossing the Atlantic Ocean heading towards Europe that were seized carrying cocaine departed from Venezuela.
By comparison, 5 percent of ships seized carrying cocaine departed from Colombia.
Source: Chris Hawley, “Venezuela drug trade booms,” USA Today, July 21, 2010.
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- Tags: Cocaine, Colombia Black Market, Venezuela Black Market | July 20th, 2010
Drugs seizures in Venezuela in first 6 months of 2010
In the first six months of 2010, authorities in Venezuela seized close to 30 metric tons of illegal drugs.
Source: Associated Press, “Venezuela captures drug suspect wanted by US,” Google News, June 24, 2010.
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- Tags: Venezuela Black Market | June 25th, 2010
Drugs seized in Venezuela in 2009
According to Venezuelan authorities, 60 tons of drugs was seized in Venezuela in 2009.
Source: “Venezuela raids cocaine labs on Colombia border,” Reuters, April 22, 2010.
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- Tags: Venezuela Black Market | April 23rd, 2010
Colombian cocaine passes through Venezuela
Up to 40 percent of cocaine from Colombia that ends up in Europe is estimated to pass through Venezuela.
In addition, the United States has reported that Venezuela allowed up to 300 tones of cocaine to pass through its borders in 2008.
Source: Frank Jack Daniel, “Venezuela says radars slow Africa cocaine flights,” Reuters, September 8, 2009.
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- Tags: Cocaine, Venezuela Black Market | September 9th, 2009
$12.5 billion worth of drugs trafficked through Venezuela
Cocaine from Colombia is trafficked through Venezuela and sold on the streets of Europe for $12.5 Billion (£7.5 Billion) a year.
Source: John Carlin, “Revealed: Chavez role in cocaine trail to Europe,” The Observer, February 3, 2008.
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- Tags: Venezuela Black Market | July 31st, 2009
Colombian cocaine flowing through Venezuela
Up to 17 percent of all cocaine produced in the Andes was believed to have been trafficked through Venezuela in 2007, according to Government Accountability Report. 260 metric tons flowed through Venezuela in 2007, up from 60 metric tons in 2004.
In addition, the Revolutionary Armed Forces of Colombia (FARC) contributes in trafficking up to 60 percent of all cocaine coming out of Colombia.
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- Tags: Cocaine, Colombia Black Market, Venezuela Black Market | July 19th, 2009
Price of Marijuana in the Americas
Price is in US Dollars and represents the typical price of Marijuana in the Americas.
Click here for additional marijuana prices.
| Country | Wholesale Price (per kilogram |
Retail Price (per gram) |
| Argentina | 400 | 1.3 |
| Bolivia | 115 | 0.8 |
| Brazil | 150 | 0.3 |
| Canada | 4,714.3 | 15 |
| Chile | 1,223 | 5.3 |
| Colombia | 40.3 | 0.4 |
| Mexico | 80 | NA |
| United States | 2,000 | 10.4 |
| Venezuela | 90 | 1.9 |
Source: UNODC, “World Drug Report 2009: Section 3.4 Prices, pages 215 to 234,” June 2009.
Price of Ecstasy in the Americas
Click here to see the price of ecstasy around the world.
Price is in US Dollars and represents the typical price of Ecstasy in the Americas.
| Country | Wholesale Price (per thousand tablets) |
Retail Price (per tablet) |
| Argentina | 4,666 | NA |
| Brazil | 15,000 | 12 |
| Canada | 5,135.3 | 20.7 |
| Chile | 17,241.4 | 25 |
| Colombia | NA | 22.6 |
| Dominican Republic | 16,000 | 19 |
| Guatemala | 6,550 | 7.9 |
| United States | 10,000 | 25 |
| Venezuela | NA | 9.4 |
Source: UNODC, “World Drug Report 2009: Section 3.4 Prices, pages 215 to 234,” June 2009.
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