US trade (export - import) with Venezuela in 2014

Published or Updated: Feb 07, 2017

The report on US foreign trade in goods with Venezuela in 2014: exports, imports, balance, product types and groups, dynamics.

US Trade with Venezuela

In 2014, US trade with Venezuela was $42.0 billion, down 8.05% ($3.7 billion) from 2013.

US exports to Venezuela in 2014 were $11.1 billion, down 15.63% ($2.1 billion) from 2013.

US imports from Venezuela in 2014 were $30.9 billion, down 4.97% ($1.6 billion) from 2013.

US trade deficit with Venezuela in 2014 was $19.7 billion, a 2.33% increase ($0.4 billion) over 2013.

Venezuela was the US 20th largest trading partner in 2014 (down from 19th in 2013), accounting for 1.04% of US total trade (down from 1.17% in 2013).

Venezuela was the US 27th largest export market in 2014 (down from 24th in 2013), accounting for 0.69% of US total exports (down from 0.84% in 2013).

Venezuela was the US 18th largest supplier in 2014 (down from 13th in 2013), accounting for 1.28% of US total imports (down from 1.40% in 2013).

US Exports to Venezuela

The major share of US exports to Venezuela in 2014 (and in 2013) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 35.86% of US total exports to Venezuela (37.96% in 2013);
  • Mineral products (HS codes 25-27) - 25.26% of US total exports to Venezuela (21.12% in 2013);
  • Chemical products (HS codes 28-40) - 16.66% of US total exports to Venezuela (20.34% in 2013);
  • Food products and agricultural raw materials (HS codes 01-24) - 11.16% of US total exports to Venezuela (11.55% in 2013);
  • Metals and products from them (HS codes 72-83) - 4.71% of US total exports to Venezuela (3.37% in 2013);
  • Wood and wood products (HS codes 44-49) - 1.65% of US total exports to Venezuela (1.26% in 2013);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.00% of US total exports to Venezuela (0.77% in 2013).

The largest gains in US exports to Venezuela in 2014 over 2013 were recorded for the following product groups:

  • Articles of iron or steel (HS code 73) - an increase of $76.2 million;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $38.1 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $36.2 million.

The largest declines in US exports to Venezuela in 2014 over 2013 were recorded for the following product groups:

  • Organic chemicals (HS code 29) - a decrease of $630.9 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $448.1 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 $331.1 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $161.5 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $118.8 million;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $107.3 million;
  • Cereals (HS code 10) - a decrease of $105.6 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $90.2 million;
  • Pharmaceutical products (HS code 30) - a decrease of $48.3 million;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $42.0 million.
US exports to Venezuela in 2014 by product groups
HS
code
Name of product group Value
of exports
in 2014
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2013
(USD thousand)
Change
in 2014
over 2013
(%)
01 Live animals 1,418.8 0.01 2,209.5-35.79
02 Meat and edible meat offal 1,949.8 0.02 2,473.7-21.18
03 Fish and crustaceans, molluscs and other aquatic invertebrates 2,507.2 0.02 2,524.1-0.67
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 7,926.0 0.07 16,928.1-53.18
05 Products of animal origin, not elsewhere specified or included 514.7 0.00 488.05.48
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 380.5 0.00 429.0-11.31
07 Edible vegetables and certain roots and tubers 3,574.6 0.03 231.31,445.52
08 Edible fruit and nuts; peel of citrus fruit or melons 9,043.7 0.08 8,550.15.77
09 Coffee, tea, maté and spices 320.6 0.00 542.8-40.94
10 Cereals 570,810.7 5.13 676,398.3-15.61
11 Products of the milling industry; malt; starches; inulin; wheat gluten 623.7 0.01 2,289.9-72.76
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 95,982.6 0.86 110,962.5-13.50
13 Lac; gums, resins and other vegetable saps and extracts 11,738.4 0.11 6,506.680.41
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 306.1 0.00 89.1243.59
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 37,579.7 0.34 144,926.6-74.07
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 1,080.3 0.01 2,034.8-46.91
17 Sugars and sugar confectionery 6,339.1 0.06 10,842.7-41.54
18 Cocoa and cocoa preparations 10,186.0 0.09 16,026.3-36.44
19 Preparations of cereals, flour, starch or milk; bakers’ wares 6,173.0 0.06 8,758.4-29.52
20 Preparations of vegetables, fruit, nuts or other parts of plants 4,427.1 0.04 10,252.0-56.82
21 Miscellaneous edible preparations 56,328.5 0.51 98,376.2-42.74
22 Beverages, spirits and vinegar 3,486.8 0.03 4,762.8-26.79
23 Residues and waste from the food industries; prepared animal feed 410,254.7 3.68 397,495.53.21
24 Tobacco and manufactured tobacco substitutes 0.0 0.00 131.2-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 13,015.0 0.12 24,576.3-47.04
26 Ores, slag and ash 313.9 0.00 393.5-20.22
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 2,800,574.6 25.14 2,762,514.51.38
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 90,653.6 0.81 118,787.7-23.68
29 Organic chemicals 742,473.6 6.67 1,373,365.5-45.94
30 Pharmaceutical products 171,315.5 1.54 219,656.9-22.01
31 Fertilizers 31,252.4 0.28 24,316.528.52
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 77,017.3 0.69 69,952.910.10
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 68,440.1 0.61 72,414.3-5.49
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 28,276.9 0.25 33,658.7-15.99
35 Albuminoidal substances; modified starches; glues; enzymes 30,857.9 0.28 27,427.512.51
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 1,519.2 0.01 1,609.6-5.62
37 Photographic or cinematographic goods 13,923.8 0.13 26,546.5-47.55
38 Miscellaneous chemical products 233,429.3 2.10 245,733.0-5.01
39 Plastics and articles thereof 295,143.4 2.65 385,386.4-23.42
40 Rubber and articles thereof 71,644.3 0.64 86,443.2-17.12
41 Raw hides and skins (other than furskins) and leather 235.2 0.00 92.6154.04
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 5,541.3 0.05 7,168.0-22.69
43 Furskins and artificial fur; manufactures thereof 209.3 0.00 121.072.92
44 Wood and articles of wood; wood charcoal 12,841.7 0.12 9,620.233.49
45 Cork and articles of cork 70.1 0.00 151.9-53.88
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 85.8 0.00 220.0-61.01
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 37,158.5 0.33 29,777.124.79
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 128,782.6 1.16 120,427.16.94
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 5,084.5 0.05 6,189.4-17.85
50 Silk 236.7 0.00 64.7266.05
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 31.8 0.00 0.0
52 Cotton 9,848.9 0.09 6,859.643.58
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 107.7 0.00 58.683.75
54 Man-made filaments 2,921.6 0.03 2,915.30.21
55 Man-made staple fibers 2,127.2 0.02 5,539.9-61.60
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 6,176.8 0.06 4,337.842.39
57 Carpets and other textile floor coverings 2,197.0 0.02 1,986.210.61
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 999.7 0.01 788.426.80
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 10,404.3 0.09 11,171.6-6.87
60 Knitted or crocheted fabrics 1,769.7 0.02 1,182.549.66
61 Articles of apparel and clothing accessories, knitted or crocheted 5,586.7 0.05 5,568.90.32
62 Articles of apparel and clothing accessories, not knitted or crocheted 52,076.7 0.47 21,843.0138.41
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 7,555.9 0.07 31,079.7-75.69
64 Footwear, gaiters and the like; parts of such articles 8,210.5 0.07 6,566.325.04
65 Headgear and parts thereof 1,237.6 0.01 1,880.5-34.19
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 89.6 0.00 74.021.02
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 208.9 0.00 269.9-22.61
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 10,905.5 0.10 16,362.2-33.35
69 Ceramic products 13,506.1 0.12 12,020.512.36
70 Glass and glassware 10,410.8 0.09 9,069.314.79
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 4,915.6 0.04 7,906.4-37.83
72 Iron and steel 29,352.3 0.26 37,308.9-21.33
73 Articles of iron or steel 348,412.7 3.13 272,223.727.99
74 Copper and articles thereof 11,249.9 0.10 11,357.6-0.95
75 Nickel and articles thereof 2,835.8 0.03 2,848.2-0.43
76 Aluminum and articles thereof 35,525.4 0.32 26,361.334.76
78 Lead and articles thereof 3,199.5 0.03 4,187.2-23.59
79 Zinc and articles thereof 2,085.1 0.02 1,190.675.13
80 Tin and articles thereof 1,579.1 0.01 749.2110.76
81 Other base metals; cermets; articles thereof 1,376.4 0.01 2,130.8-35.41
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 61,273.0 0.55 61,826.1-0.89
83 Miscellaneous articles of base metal 27,798.1 0.25 24,435.613.76
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 2,003,384.0 17.99 2,451,437.5-18.28
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 924,943.4 8.30 1,256,039.6-26.36
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 10,685.1 0.10 21,152.7-49.49
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 430,862.0 3.87 549,692.8-21.62
88 Aircraft, spacecraft, and parts thereof 118,223.7 1.06 102,445.715.40
89 Ships, boats and floating structures 117,456.6 1.05 81,228.344.60
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 387,926.8 3.48 549,466.0-29.40
91 Clocks and watches and parts thereof 25,973.9 0.23 20,681.625.59
92 Musical instruments; parts and accessories of such articles 1,168.4 0.01 3,472.0-66.35
93 Arms and ammunition; parts and accessories thereof 997.4 0.01 1,662.9-40.02
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 55,068.2 0.49 81,476.9-32.41
95 Toys, games and sports requisites; parts and accessories thereof 32,429.1 0.29 26,128.424.11
96 Miscellaneous manufactured articles 14,806.1 0.13 26,221.4-43.53
97 Works of art, collectors’ pieces and antiques 542.7 0.00 2,019.3-73.13
99 Commodities not specified according to kind 234,215.0 2.10 265,139.7-11.66

US Imports from Venezuela

The major share of US imports from Venezuela in 2014 (and in 2013) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 96.16% of US total imports from Venezuela (96.60% in 2013);
  • Chemical products (HS codes 28-40) - 2.11% of US total imports from Venezuela (1.76% in 2013).

The largest gains in US imports from Venezuela in 2014 over 2013 were recorded for the following product groups:

  • Aluminum and articles thereof (HS code 76) - an increase of $120.2 million.

The largest declines in US imports from Venezuela in 2014 over the 2013 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $1,695.2 million.
US imports from Venezuela in 2014 by product groups
HS
code
Name of product group Value
of imports
in 2014
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2013
USD thousand)
Change
in 2014
over 2013
(%)
01 Live animals 349.6 0.00 104.9233.23
03 Fish and crustaceans, molluscs and other aquatic invertebrates 33,814.1 0.11 27,576.922.62
05 Products of animal origin, not elsewhere specified or included 39.1 0.00 78.5-50.24
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 2.3 0.00 0.0
09 Coffee, tea, maté and spices 0.0 0.00 518.3-100.00
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 0.0 0.00 39.0-100.00
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 31,781.6 0.10 25,712.023.61
17 Sugars and sugar confectionery 3,729.7 0.01 0.0
18 Cocoa and cocoa preparations 6,837.9 0.02 7,764.5-11.93
21 Miscellaneous edible preparations 20.0 0.00 102.9-80.54
22 Beverages, spirits and vinegar 2,141.6 0.01 2,474.9-13.47
23 Residues and waste from the food industries; prepared animal feed 64.9 0.00 0.0
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 26,593.0 0.09 34,699.0-23.36
26 Ores, slag and ash 7,383.4 0.02 114.06,376.13
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 29,643,463.7 96.05 31,338,629.0-5.41
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 177,331.3 0.57 88,099.9101.28
29 Organic chemicals 425,706.3 1.38 431,368.6-1.31
30 Pharmaceutical products 42.9 0.00 0.0
31 Fertilizers 41,317.6 0.13 44,456.3-7.06
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 14.7 0.00 13.76.98
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 554.9 0.00 611.3-9.23
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 187.6 0.00 86.7116.35
38 Miscellaneous chemical products 1,461.8 0.00 1,301.312.33
39 Plastics and articles thereof 5,035.8 0.02 4,725.36.57
40 Rubber and articles thereof 625.1 0.00 613.11.97
41 Raw hides and skins (other than furskins) and leather 31.2 0.00 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 41.8 0.00 30.636.66
44 Wood and articles of wood; wood charcoal 8.0 0.00 33.5-76.14
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 0.0 0.00 17.6-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 198.4 0.00 383.1-48.20
54 Man-made filaments 0.0 0.00 71.5-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 46.8 0.00 4.8874.52
57 Carpets and other textile floor coverings 0.0 0.00 0.5-100.00
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 29.6 0.00 16.975.52
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 0.0 0.00 0.8-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 45.0 0.00 43.53.35
62 Articles of apparel and clothing accessories, not knitted or crocheted 33.6 0.00 44.8-24.90
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 8.7 0.00 14.6-40.61
64 Footwear, gaiters and the like; parts of such articles 67.1 0.00 103.1-34.89
65 Headgear and parts thereof 6.7 0.00 10.8-38.02
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 0.5 0.00 0.9-46.56
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 1,505.8 0.00 1,402.57.36
69 Ceramic products 88.6 0.00 49.877.99
70 Glass and glassware 0.0 0.00 124.6-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 91,765.8 0.30 138,083.1-33.54
72 Iron and steel 65,854.2 0.21 158,028.5-58.33
73 Articles of iron or steel 193.2 0.00 429.7-55.03
74 Copper and articles thereof 219.8 0.00 0.0
75 Nickel and articles thereof 0.0 0.00 11.2-100.00
76 Aluminum and articles thereof 147,679.7 0.48 27,481.1437.39
78 Lead and articles thereof 6,473.5 0.02 2,989.6116.53
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 63.8 0.00 61.93.14
83 Miscellaneous articles of base metal 985.0 0.00 1,015.3-2.99
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 2,603.9 0.01 5,354.4-51.37
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 43,842.5 0.14 39,717.910.38
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 195.5 0.00 166.017.77
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 1,860.1 0.01 2,908.9-36.06
88 Aircraft, spacecraft, and parts thereof 84.3 0.00 54.056.09
89 Ships, boats and floating structures 316.4 0.00 683.5-53.72
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 188.5 0.00 268.5-29.79
91 Clocks and watches and parts thereof 7.5 0.00 0.0
92 Musical instruments; parts and accessories of such articles 35.0 0.00 12.6177.06
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 417.0 0.00 148.4180.90
95 Toys, games and sports requisites; parts and accessories thereof 26.5 0.00 512.3-94.82
96 Miscellaneous manufactured articles 139.0 0.00 122.913.05
97 Works of art, collectors’ pieces and antiques 7,600.7 0.02 6,067.425.27
99 Commodities not specified according to kind 82,318.3 0.27 81,532.40.96
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce