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.

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.

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.

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.

$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.

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.

Source:  Juan Forero, “Venezuela’s Drug-Trafficking Role Is Growing Fast, U.S. Report Says,” Washington Post, July 19, 2009.

Price of Marijuana in the Americas

Price is in US Dollars and represents the typical price of Marijuana in the Americas.

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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.

More Prices on Ecstasy:

Price of Ecstasy in Asia

Price of Ecstasy in Europe

Price of Ecstasy in the Middle East

Price of Ecstasy in Africa.

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