US trade (export - import) with Venezuela in 2018

Published or Updated: May 24, 2019

The report on US foreign trade in goods with Venezuela in 2018: exports, imports, balance, product types and groups, dynamics.

US Trade with Venezuela

In 2018, US trade with Venezuela totaled $19.2 billion, up 13.29% ($2.2 billion) from 2017.

US exports to Venezuela in 2018 totaled $5.7 billion, up 36.71% ($1.5 billion) from 2017.

US imports from Venezuela in 2018 totaled $13.5 billion, up 5.63% ($0.7 billion) from 2017.

US trade deficit with Venezuela in 2018 was $7.8 billion, a 9.48% decrease ($0.8 billion) over 2017.

Venezuela was the US 33rd largest trading partner in 2018 (just as in 2017), accounting for 0.4476% of US total trade (up from 0.4277% in 2017).

Venezuela was the US 40th largest export market in 2018 (up from 46th in 2017), accounting for 0.3424% of US total exports (up from 0.2697% in 2017).

Venezuela was the US 28th largest supplier in 2018 (down from 27th in 2017), accounting for 0.5145% of US total imports (down from 0.5291% in 2017).

US Exports to Venezuela

The major share of US exports to Venezuela in 2018 (and in 2017) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 67.63% of US total exports to Venezuela (48.48% in 2017);
  • Machinery, equipment and vehicles (HS codes 84-90) - 13.18% of US total exports to Venezuela (23.54% in 2017);
  • Chemical products (HS codes 28-40) - 8.33% of US total exports to Venezuela (11.13% in 2017);
  • Food products and agricultural raw materials (HS codes 01-24) - 6.19% of US total exports to Venezuela (9.34% in 2017);
  • Metals and products from them (HS codes 72-83) - 1.11% of US total exports to Venezuela (2.61% in 2017).

The largest gains in US exports to Venezuela in 2018 over 2017 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $1,841.0 million;
  • Commodities not specified according to kind (HS code 99) - an increase of $35.3 million;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - an increase of $29.8 million;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $17.4 million.

The largest declines in US exports to Venezuela in 2018 over 2017 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $111.8 million;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $48.6 million;
  • Articles of iron or steel (HS code 73) - a decrease of $42.8 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $37.8 million;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - a decrease of $37.6 million;
  • Pharmaceutical products (HS code 30) - a decrease of $24.0 million;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $21.2 million.
US exports to Venezuela in 2018 by product groups
HS
code
Name of product group Value
of exports
in 2018
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2017
(USD thousand)
Change
in 2018
over 2017
(%)
01 Live animals 154.8 0.00 297.4-47.95
02 Meat and edible meat offal 1,194.8 0.02 103.91,050.45
03 Fish and crustaceans, molluscs and other aquatic invertebrates 488.5 0.01 849.7-42.50
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,314.1 0.02 1,979.9-33.63
05 Products of animal origin, not elsewhere specified or included 11.6 0.00 137.6-91.61
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 63.5 0.00 72.6-12.47
07 Edible vegetables and certain roots and tubers 866.6 0.02 595.545.53
08 Edible fruit and nuts; peel of citrus fruit or melons 117.5 0.00 0.0
09 Coffee, tea, maté and spices 130.3 0.00 176.6-26.23
10 Cereals 194,660.1 3.42 206,955.4-5.94
11 Products of the milling industry; malt; starches; inulin; wheat gluten 350.1 0.01 927.7-62.26
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 35,913.7 0.63 42,044.0-14.58
13 Lac; gums, resins and other vegetable saps and extracts 1,245.8 0.02 669.886.00
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 376.4 0.01 137.3174.18
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 36,150.0 0.63 18,787.692.41
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 629.8 0.01 222.6182.97
17 Sugars and sugar confectionery 1,710.8 0.03 937.882.44
18 Cocoa and cocoa preparations 49.3 0.00 524.9-90.61
19 Preparations of cereals, flour, starch or milk; bakers’ wares 1,056.0 0.02 1,170.9-9.81
20 Preparations of vegetables, fruit, nuts or other parts of plants 480.1 0.01 919.6-47.79
21 Miscellaneous edible preparations 11,079.6 0.19 9,866.912.29
22 Beverages, spirits and vinegar 584.0 0.01 160.2264.55
23 Residues and waste from the food industries; prepared animal feed 64,344.6 1.13 101,993.5-36.91
24 Tobacco and manufactured tobacco substitutes 4.8 0.00 0.0
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 2,489.4 0.04 9,832.5-74.68
26 Ores, slag and ash 269.0 0.00 272.0-1.09
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 3,852,359.4 67.59 2,011,384.891.53
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 80,556.3 1.41 50,734.358.78
29 Organic chemicals 186,507.8 3.27 176,694.55.55
30 Pharmaceutical products 9,167.4 0.16 33,133.1-72.33
31 Fertilizers 310.1 0.01 11,190.0-97.23
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 6,728.9 0.12 13,599.5-50.52
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 6,193.5 0.11 6,528.4-5.13
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 11,084.5 0.19 21,012.3-47.25
35 Albuminoidal substances; modified starches; glues; enzymes 6,622.5 0.12 5,104.329.75
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 300.2 0.01 401.8-25.28
37 Photographic or cinematographic goods 1,294.2 0.02 3,578.3-63.83
38 Miscellaneous chemical products 94,598.7 1.66 77,505.722.05
39 Plastics and articles thereof 54,433.0 0.95 46,921.816.01
40 Rubber and articles thereof 16,882.2 0.30 17,567.6-3.90
41 Raw hides and skins (other than furskins) and leather 0.0 0.00 45.1-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1,245.0 0.02 1,646.8-24.40
43 Furskins and artificial fur; manufactures thereof 188.7 0.00 1,680.2-88.77
44 Wood and articles of wood; wood charcoal 2,620.5 0.05 5,178.6-49.40
45 Cork and articles of cork 0.0 0.00 48.6-100.00
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 0.0 0.00 11.6-100.00
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 4,417.1 0.08 2,608.869.32
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 12,656.8 0.22 12,474.61.46
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 1,278.3 0.02 838.052.53
50 Silk 0.0 0.00 76.7-100.00
52 Cotton 1,629.1 0.03 5,530.3-70.54
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 42.7 0.00 59.1-27.66
54 Man-made filaments 108.3 0.00 158.9-31.83
55 Man-made staple fibers 107.9 0.00 145.1-25.63
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 1,050.9 0.02 419.6150.44
57 Carpets and other textile floor coverings 452.3 0.01 757.6-40.30
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 59.8 0.00 17.6239.56
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 1,947.0 0.03 2,255.4-13.67
60 Knitted or crocheted fabrics 112.6 0.00 157.4-28.43
61 Articles of apparel and clothing accessories, knitted or crocheted 785.9 0.01 1,303.4-39.70
62 Articles of apparel and clothing accessories, not knitted or crocheted 3,768.5 0.07 6,106.9-38.29
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 992.3 0.02 799.924.05
64 Footwear, gaiters and the like; parts of such articles 1,857.3 0.03 3,534.6-47.45
65 Headgear and parts thereof 211.4 0.00 279.3-24.31
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 195.4 0.00 29.8556.45
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 18.6 0.00 7.7143.08
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 3,562.4 0.06 4,108.6-13.29
69 Ceramic products 5,113.2 0.09 6,264.7-18.38
70 Glass and glassware 2,278.6 0.04 1,892.120.43
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 1,882.9 0.03 2,161.5-12.89
72 Iron and steel 2,956.0 0.05 4,706.7-37.20
73 Articles of iron or steel 30,904.2 0.54 73,657.4-58.04
74 Copper and articles thereof 388.6 0.01 1,327.6-70.73
75 Nickel and articles thereof 2,236.5 0.04 491.5355.07
76 Aluminum and articles thereof 2,090.1 0.04 7,338.3-71.52
78 Lead and articles thereof 5.4 0.00 92.7-94.14
79 Zinc and articles thereof 1,596.3 0.03 1,884.5-15.29
80 Tin and articles thereof 666.5 0.01 776.4-14.15
81 Other base metals; cermets; articles thereof 12,377.2 0.22 1,164.8962.65
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 6,002.3 0.11 10,241.0-41.39
83 Miscellaneous articles of base metal 3,951.1 0.07 7,272.9-45.67
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 402,713.7 7.07 514,531.8-21.73
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 167,396.2 2.94 188,587.0-11.24
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 7,620.5 0.13 4,273.278.33
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 72,679.5 1.28 110,499.0-34.23
88 Aircraft, spacecraft, and parts thereof 26,272.7 0.46 74,857.2-64.90
89 Ships, boats and floating structures 2,666.1 0.05 10,672.2-75.02
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 71,789.9 1.26 77,975.9-7.93
91 Clocks and watches and parts thereof 1,499.8 0.03 18,538.5-91.91
92 Musical instruments; parts and accessories of such articles 71.0 0.00 27.1162.42
93 Arms and ammunition; parts and accessories thereof 42.6 0.00 840.9-94.93
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 19,581.5 0.34 23,375.6-16.23
95 Toys, games and sports requisites; parts and accessories thereof 8,355.8 0.15 6,202.934.71
96 Miscellaneous manufactured articles 3,955.4 0.07 5,394.5-26.68
97 Works of art, collectors’ pieces and antiques 94.0 0.00 3,728.6-97.48
99 Commodities not specified according to kind 120,659.0 2.12 85,326.041.41

US Imports from Venezuela

The major share of US imports from Venezuela in 2018 (and in 2017) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 94.98% of US total imports from Venezuela (94.52% in 2017);
  • Chemical products (HS codes 28-40) - 1.84% of US total imports from Venezuela (1.79% in 2017);
  • Metals and products from them (HS codes 72-83) - 1.31% of US total imports from Venezuela (2.04% in 2017);
  • Food products and agricultural raw materials (HS codes 01-24) - 1.03% of US total imports from Venezuela (0.73% in 2017).

The largest gains in US imports from Venezuela in 2018 over 2017 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $740.6 million.

The largest declines in US imports from Venezuela in 2018 over the 2017 were recorded for the following product groups:

  • Aluminum and articles thereof (HS code 76) - a decrease of $102.1 million.
US imports from Venezuela in 2018 by product groups
HS
code
Name of product group Value
of imports
in 2018
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2017
USD thousand)
Change
in 2018
over 2017
(%)
01 Live animals 249.4 0.00 101.9144.73
03 Fish and crustaceans, molluscs and other aquatic invertebrates 67,159.4 0.50 44,087.452.33
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 54.4 0.00 0.0
05 Products of animal origin, not elsewhere specified or included 2,502.5 0.02 716.2249.44
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 3.7 0.00 4.1-7.91
07 Edible vegetables and certain roots and tubers 116.7 0.00 0.0
08 Edible fruit and nuts; peel of citrus fruit or melons 209.5 0.00 149.739.94
09 Coffee, tea, maté and spices 5,566.8 0.04 0.0
11 Products of the milling industry; malt; starches; inulin; wheat gluten 525.7 0.00 91.2476.66
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 289.3 0.00 559.5-48.29
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 47,801.4 0.36 33,928.140.89
17 Sugars and sugar confectionery 19.1 0.00 0.0
18 Cocoa and cocoa preparations 7,013.8 0.05 6,028.016.36
19 Preparations of cereals, flour, starch or milk; bakers’ wares 270.2 0.00 38.8596.24
20 Preparations of vegetables, fruit, nuts or other parts of plants 623.1 0.00 859.0-27.46
21 Miscellaneous edible preparations 20.4 0.00 11.478.98
22 Beverages, spirits and vinegar 6,644.7 0.05 6,448.73.04
23 Residues and waste from the food industries; prepared animal feed 0.0 0.00 87.7-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 643.0 0.00 3,705.5-82.65
26 Ores, slag and ash 2,733.9 0.02 49.65,409.18
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 12,782,149.4 94.96 12,041,559.16.15
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 31,908.6 0.24 35,546.9-10.24
29 Organic chemicals 194,971.3 1.45 178,420.59.28
30 Pharmaceutical products 9.6 0.00 0.0
31 Fertilizers 15,056.2 0.11 6,945.8116.77
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 138.0 0.00 76.580.35
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 408.2 0.00 1,072.5-61.94
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 178.0 0.00 314.9-43.49
35 Albuminoidal substances; modified starches; glues; enzymes 5.4 0.00 0.0
38 Miscellaneous chemical products 237.5 0.00 65.2264.47
39 Plastics and articles thereof 5,093.8 0.04 5,353.9-4.86
40 Rubber and articles thereof 292.9 0.00 156.986.60
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 49.8 0.00 49.60.29
44 Wood and articles of wood; wood charcoal 3,663.0 0.03 2,857.228.20
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 5,556.4 0.04 7,466.4-25.58
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 311.8 0.00 174.378.90
52 Cotton 0.0 0.00 4.9-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 165.6 0.00 137.820.19
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 48.5 0.00 5.5789.78
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 16.9 0.00 2.7525.19
61 Articles of apparel and clothing accessories, knitted or crocheted 12.1 0.00 11.91.58
62 Articles of apparel and clothing accessories, not knitted or crocheted 197.2 0.00 104.488.93
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 42.3 0.00 80.6-47.53
64 Footwear, gaiters and the like; parts of such articles 12.4 0.00 107.8-88.51
65 Headgear and parts thereof 32.9 0.00 22.943.44
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 4,701.4 0.03 2,096.6124.24
69 Ceramic products 761.4 0.01 307.8147.39
70 Glass and glassware 3,273.6 0.02 365.2796.48
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 17,197.5 0.13 22,627.1-24.00
72 Iron and steel 41,249.3 0.31 23,512.475.44
73 Articles of iron or steel 395.3 0.00 303.530.22
74 Copper and articles thereof 16,173.2 0.12 12,491.129.48
76 Aluminum and articles thereof 110,450.1 0.82 212,547.2-48.04
78 Lead and articles thereof 7,947.5 0.06 10,759.5-26.14
79 Zinc and articles thereof 110.2 0.00 76.943.37
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 23.2 0.00 23.9-2.74
83 Miscellaneous articles of base metal 364.2 0.00 201.980.37
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 5,898.7 0.04 1,511.9290.15
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 41,093.3 0.31 40,500.01.46
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 1,511.5 0.01 1,197.426.23
88 Aircraft, spacecraft, and parts thereof 958.3 0.01 518.584.83
89 Ships, boats and floating structures 798.3 0.01 1,310.3-39.07
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 170.3 0.00 502.3-66.09
91 Clocks and watches and parts thereof 301.7 0.00 30.7883.71
92 Musical instruments; parts and accessories of such articles 3.3 0.00 15.5-78.63
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 220.7 0.00 233.9-5.66
95 Toys, games and sports requisites; parts and accessories thereof 32.6 0.00 116.9-72.13
96 Miscellaneous manufactured articles 122.3 0.00 81.150.91
97 Works of art, collectors’ pieces and antiques 12,115.0 0.09 7,077.071.19
99 Commodities not specified according to kind 11,860.5 0.09 27,373.7-56.67
0.63/td40
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce