Venezuela Imports and Exports 2018 – Venezuela Trade Data

28 May 2019
Venezuela Imports and Exports

Venezuela’s imports valued at US$10 billion in 2018, while exports valued at US$33 billion. This means Venezuela recorded a trade surplus of US$23 billion due to more exports than imports. The country’s largest trade partner both in terms of imports and exports is the United States of America with almost 40% share in total trade. Based on actual shipment records covered in Venezuela trade data, the country’s major imports are mineral fuels & oils, cereals, machinery, electronics and animal or vegetable fats & oils. And major exports are mineral fuels, natural or cultural pearls, precious stones, etc., organic chemicals, iron & steel and aluminium. Let’s go through Venezuela import and export statistics of these commodities with a special focus on analysis of country’s trading partners.


Venezuela’s Top 5 Imports


According to 2018 Venezuela import data, the country’s top 5 imports accounted for almost two-thirds (63.87%) of the overall value of its product purchases from other countries. Mineral fuel & oil stood as the largest import product which shared 40% value to total imports. Venezuela purchases mineral fuels & oils and related products of Chapter 27 worth US$4.2 billion in the given year. Here is the list of top 5 import commodities of Venezuela with their share in values.



HS Code

Product Description

Value US$ %

27

Mineral Fuels & Oils

40.45

10

Cereals

8.46

84

Machinery, Mechanical Appliances, etc.

8.22

85

Electrical Machinery & Equipment

4.16

15

Animal or Vegetable Fats and Oils

2.58

 


Major Import Partners of Venezuela


Venezuela’s largest import partner is the United States of America which shared 38% value to total imports. The United States supplied goods worth US$10.4 billion to Venezuela in 2018, shipment data of Venezuela reveals. China stood at 2nd place with 18% share in value. Let’s have a look at Venezuela’s top 5 import partners with their share in values.



Country

Value USD %

United States

38

China

18

Mexico

12

Brazil

5.2

Colombia

3.5

 


Our import data of Venezuela tells uncovered stories about country’s import market and its components. It also describes analytical business reports on Venezuelan importers on the basis of actual shipment records and customs details. We collect Venezuela import statistics from Venezuelan customs, shipping authorities, trade associations, government bodies and logistics companies. Our data is based on certain import-export documents such as import bills, invoices and shipping bills. Look at the Venezuela import sample to understand the format of data. 


Venezuela Import Sample


Year

2018

Month

1

Chapter

85

Venezuelan Importer

Chevron Global Technology Services

Loading Port

Miami

Country of Origin

U.S.

Country Provenance

U.S.

HS Code

8517619900

Chapter Description

Machinery and Electrical Equipment

Product Description

The Dems

Gross Weight

50

Net Weight

50

FOB Bols

5770125

FOB (USD)

1725

CIF (Bols)

5827826

CIF (USD)

1742

Customs

The Chinese Little Girl

Transport Type

Aerial

 


Venezuela’s Top 5 Exports


As per Venezuela export data, the country’s top 5 exports accounted for 96.55% of the overall value of its global shipments. Shipments of mineral fuels and oils posted the third-fastest gain in value up by 5.8%. Venezuela supplied mineral fuels and oils worth US$29.9 billion to the global countries in 2018. Venezuela is the sixth largest member of OPEC by oil production. Take a look at top 5 export commodities of Venezuela with their share in values.



HS Code

Product Description

Value USD %

27

Mineral Fuels & Oils

90.59

71

Natural or Cultured Pearls, Precious Stones, etc.

2.79

29

Organic Chemicals

1.68

72

Iron & Steel

0.79

76

Aluminium & Articles

0.7

 


Major Export Partners of Venezuela


Venezuela’s largest export partner is the United States which shared 42% value to total exports. According to the latest Venezuela export statistics, U.S. purchased goods worth US$550 million from the country in 2018. Take a look at other major export partners of Venezuela with their share in values.



Country

Value USD %

United States

42

China

23

India

19

Singapore

4.5

Spain

1.4

 


Whether you are looking for active export companies in Venezuela or just want to track shipment details of your competitors or analyse the export market of the country, our Venezuela export data is the best option. It gives a wide coverage of companies who export goods from the country and market with its components such as product, price, value, quantity, weight, etc. Look at Venezuela export sample to know exact data format.


Venezuela Export Sample

 

Year

2018

Month

1

Chapter

84

Venezuelan Exporter

Nautical Petroleum Indus Performance

Country of Destination

U.S.

Loading Port

Maracaibo

HS Code

8481809990

Chapter Description

Nuclear Reactors, Boilers, Machinery

Product Description

Others

Gross Weight

15

Net Weight

15

FOB (Bols)

2778351

FOB (USD)

833

Customs

The Chinese Little Girl

Transport Type

Aerial

Payment Type

99

 


>> View more samples of Venezuela Imports and Exports!


The economy of Venezuela is largely based on the petroleum sector and manufacturing. Country’s manufacturers export heavy industry products such as aluminium steel and cement. Venezuela exports corn, rice, fish, coffee, tropical fruit, port and beef. It is not self-sufficient in most areas of agriculture.


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