US trade (export - import) with Venezuela in 2015

Published or Updated: Feb 16, 2017

The report on US foreign trade in goods with Venezuela in 2015: exports, imports, balance, product types and groups, dynamics.

US Trade with Venezuela

In 2015, US trade with Venezuela was $24.5 billion, down 41.57% ($17.5 billion) from 2014.

US exports to Venezuela in 2015 were $8.3 billion, down 25.32% ($2.8 billion) from 2014.

US imports from Venezuela in 2015 were $16.2 billion, down 47.44% ($14.6 billion) from 2014.

US trade deficit with Venezuela in 2015 was $7.9 billion, a 59.92% decrease ($11.8 billion) over 2014.

Venezuela was the US 30th largest trading partner in 2015 (down from 20th in 2014), accounting for 0.64% of US total trade (down from 1.04% in 2014).

Venezuela was the US 31st largest export market in 2015 (down from 27th in 2014), accounting for 0.55% of US total exports (down from 0.69% in 2014).

Venezuela was the US 25th largest supplier in 2015 (down from 18th in 2014), accounting for 0.70% of US total imports (down from 1.28% in 2014).

US Exports to Venezuela

The major share of US exports to Venezuela in 2015 (and in 2014) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 35.96% of US total exports to Venezuela (35.86% in 2014);
  • Mineral products (HS codes 25-27) - 27.08% of US total exports to Venezuela (25.26% in 2014);
  • Chemical products (HS codes 28-40) - 18.02% of US total exports to Venezuela (16.66% in 2014);
  • Food products and agricultural raw materials (HS codes 01-24) - 7.91% of US total exports to Venezuela (11.16% in 2014);
  • Metals and products from them (HS codes 72-83) - 4.92% of US total exports to Venezuela (4.71% in 2014);
  • Wood and wood products (HS codes 44-49) - 1.17% of US total exports to Venezuela (1.65% in 2014);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.72% of US total exports to Venezuela (1.00% in 2014).

The largest gains in US exports to Venezuela in 2015 over 2014 were recorded for the following product groups:

  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $34.9 million;
  • 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 (HS code 94) - an increase of $25.4 million.

The largest declines in US exports to Venezuela in 2015 over 2014 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 $562.2 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $491.8 million;
  • Cereals (HS code 10) - a decrease of $330.3 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 $328.7 million;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - a decrease of $183.3 million;
  • Organic chemicals (HS code 29) - a decrease of $144.3 million;
  • Articles of iron or steel (HS code 73) - a decrease of $142.5 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $95.9 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $86.5 million;
  • Commodities not specified according to kind (HS code 99) - a decrease of $70.7 million;
  • Ships, boats and floating structures (HS code 89) - a decrease of $67.7 million;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $62.0 million;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - a decrease of $37.8 million;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $36.7 million;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - a decrease of $32.0 million;
  • Pharmaceutical products (HS code 30) - a decrease of $31.8 million;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - a decrease of $28.6 million.
US exports to Venezuela in 2015 by product groups
HS
code
Name of product group Value
of exports
in 2015
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2014
(USD thousand)
Change
in 2015
over 2014
(%)
01 Live animals 966.6 0.01 1,418.8-31.88
02 Meat and edible meat offal 7.2 0.00 1,949.8-99.63
03 Fish and crustaceans, molluscs and other aquatic invertebrates 2,056.3 0.02 2,507.2-17.98
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,003.0 0.01 7,926.0-87.35
05 Products of animal origin, not elsewhere specified or included 107.0 0.00 514.7-79.21
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 299.5 0.00 380.5-21.28
07 Edible vegetables and certain roots and tubers 672.9 0.01 3,574.6-81.18
08 Edible fruit and nuts; peel of citrus fruit or melons 2,067.8 0.02 9,043.7-77.14
09 Coffee, tea, maté and spices 766.6 0.01 320.6139.14
10 Cereals 240,540.4 2.89 570,810.7-57.86
11 Products of the milling industry; malt; starches; inulin; wheat gluten 202.9 0.00 623.7-67.47
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 58,134.7 0.70 95,982.6-39.43
13 Lac; gums, resins and other vegetable saps and extracts 3,528.7 0.04 11,738.4-69.94
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 399.3 0.00 306.130.45
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 72,524.1 0.87 37,579.792.99
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 546.1 0.01 1,080.3-49.45
17 Sugars and sugar confectionery 3,688.0 0.04 6,339.1-41.82
18 Cocoa and cocoa preparations 5,914.3 0.07 10,186.0-41.94
19 Preparations of cereals, flour, starch or milk; bakers’ wares 3,547.2 0.04 6,173.0-42.54
20 Preparations of vegetables, fruit, nuts or other parts of plants 1,130.4 0.01 4,427.1-74.47
21 Miscellaneous edible preparations 31,989.6 0.38 56,328.5-43.21
22 Beverages, spirits and vinegar 786.9 0.01 3,486.8-77.43
23 Residues and waste from the food industries; prepared animal feed 226,957.9 2.73 410,254.7-44.68
24 Tobacco and manufactured tobacco substitutes 9.5 0.00 0.0
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 13,639.1 0.16 13,015.04.80
26 Ores, slag and ash 677.4 0.01 313.9115.78
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 2,238,375.1 26.91 2,800,574.6-20.07
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 83,972.9 1.01 90,653.6-7.37
29 Organic chemicals 598,162.6 7.19 742,473.6-19.44
30 Pharmaceutical products 139,548.6 1.68 171,315.5-18.54
31 Fertilizers 41,707.0 0.50 31,252.433.45
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 48,449.8 0.58 77,017.3-37.09
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 36,479.3 0.44 68,440.1-46.70
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 21,385.3 0.26 28,276.9-24.37
35 Albuminoidal substances; modified starches; glues; enzymes 19,512.2 0.23 30,857.9-36.77
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 1,922.6 0.02 1,519.226.55
37 Photographic or cinematographic goods 12,462.9 0.15 13,923.8-10.49
38 Miscellaneous chemical products 239,491.0 2.88 233,429.32.60
39 Plastics and articles thereof 199,203.7 2.40 295,143.4-32.51
40 Rubber and articles thereof 56,304.8 0.68 71,644.3-21.41
41 Raw hides and skins (other than furskins) and leather 154.3 0.00 235.2-34.38
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 5,739.9 0.07 5,541.33.58
43 Furskins and artificial fur; manufactures thereof 183.9 0.00 209.3-12.13
44 Wood and articles of wood; wood charcoal 7,318.1 0.09 12,841.7-43.01
45 Cork and articles of cork 32.8 0.00 70.1-53.17
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 83.5 0.00 85.8-2.61
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 20,133.5 0.24 37,158.5-45.82
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 66,764.7 0.80 128,782.6-48.16
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 2,743.1 0.03 5,084.5-46.05
50 Silk 0.0 0.00 236.7-100.00
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 0.0 0.00 31.8-100.00
52 Cotton 8,899.5 0.11 9,848.9-9.64
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 24.7 0.00 107.7-77.06
54 Man-made filaments 1,239.9 0.01 2,921.6-57.56
55 Man-made staple fibers 238.8 0.00 2,127.2-88.77
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 4,163.9 0.05 6,176.8-32.59
57 Carpets and other textile floor coverings 1,083.3 0.01 2,197.0-50.69
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 316.7 0.00 999.7-68.31
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 12,140.9 0.15 10,404.316.69
60 Knitted or crocheted fabrics 607.1 0.01 1,769.7-65.70
61 Articles of apparel and clothing accessories, knitted or crocheted 6,113.8 0.07 5,586.79.43
62 Articles of apparel and clothing accessories, not knitted or crocheted 15,396.0 0.19 52,076.7-70.44
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 2,835.9 0.03 7,555.9-62.47
64 Footwear, gaiters and the like; parts of such articles 5,393.4 0.06 8,210.5-34.31
65 Headgear and parts thereof 1,244.1 0.01 1,237.60.53
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 65.2 0.00 89.6-27.25
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 73.0 0.00 208.9-65.07
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 8,861.2 0.11 10,905.5-18.75
69 Ceramic products 15,634.1 0.19 13,506.115.76
70 Glass and glassware 14,755.9 0.18 10,410.841.74
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 5,528.1 0.07 4,915.612.46
72 Iron and steel 51,821.7 0.62 29,352.376.55
73 Articles of iron or steel 205,927.8 2.48 348,412.7-40.90
74 Copper and articles thereof 13,117.5 0.16 11,249.916.60
75 Nickel and articles thereof 3,724.6 0.04 2,835.831.34
76 Aluminum and articles thereof 20,229.3 0.24 35,525.4-43.06
78 Lead and articles thereof 499.3 0.01 3,199.5-84.39
79 Zinc and articles thereof 3,118.1 0.04 2,085.149.54
80 Tin and articles thereof 169.1 0.00 1,579.1-89.29
81 Other base metals; cermets; articles thereof 10,201.2 0.12 1,376.4641.17
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 69,577.4 0.84 61,273.013.55
83 Miscellaneous articles of base metal 30,720.5 0.37 27,798.110.51
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 1,511,634.0 18.17 2,003,384.0-24.55
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 596,256.2 7.17 924,943.4-35.54
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 7,342.7 0.09 10,685.1-31.28
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 425,475.0 5.12 430,862.0-1.25
88 Aircraft, spacecraft, and parts thereof 98,780.3 1.19 118,223.7-16.45
89 Ships, boats and floating structures 49,719.7 0.60 117,456.6-57.67
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 301,452.8 3.62 387,926.8-22.29
91 Clocks and watches and parts thereof 24,017.4 0.29 25,973.9-7.53
92 Musical instruments; parts and accessories of such articles 1,063.8 0.01 1,168.4-8.95
93 Arms and ammunition; parts and accessories thereof 537.3 0.01 997.4-46.13
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 80,504.9 0.97 55,068.246.19
95 Toys, games and sports requisites; parts and accessories thereof 12,345.1 0.15 32,429.1-61.93
96 Miscellaneous manufactured articles 17,690.4 0.21 14,806.119.48
97 Works of art, collectors’ pieces and antiques 816.0 0.01 542.750.37
99 Commodities not specified according to kind 163,546.0 1.97 234,215.0-30.17

US Imports from Venezuela

The major share of US imports from Venezuela in 2015 (and in 2014) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 95.22% of US total imports from Venezuela (96.16% in 2014);
  • Chemical products (HS codes 28-40) - 2.35% of US total imports from Venezuela (2.11% in 2014);
  • Metals and products from them (HS codes 72-83) - 1.04% of US total imports from Venezuela (0.72% in 2014).

The largest gains in US imports from Venezuela in 2015 over 2014 were recorded for the following product groups:

  • No product groups with a substantial increase.

The largest declines in US imports from Venezuela in 2015 over the 2014 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 $14,207.6 million;
  • Organic chemicals (HS code 29) - a decrease of $211.3 million;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - a decrease of $89.0 million;
  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - a decrease of $52.1 million;
  • Aluminum and articles thereof (HS code 76) - a decrease of $50.5 million.
US imports from Venezuela in 2015 by product groups
HS
code
Name of product group Value
of imports
in 2015
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2014
USD thousand)
Change
in 2015
over 2014
(%)
01 Live animals 186.2 0.00 349.6-46.74
03 Fish and crustaceans, molluscs and other aquatic invertebrates 20,911.9 0.13 33,814.1-38.16
05 Products of animal origin, not elsewhere specified or included 171.3 0.00 39.1338.38
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 4.7 0.00 2.3107.39
10 Cereals 11.9 0.00 0.0
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 310.5 0.00 0.0
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 28,725.7 0.18 31,781.6-9.62
17 Sugars and sugar confectionery 1,025.9 0.01 3,729.7-72.49
18 Cocoa and cocoa preparations 14,598.5 0.09 6,837.9113.49
19 Preparations of cereals, flour, starch or milk; bakers’ wares 22.5 0.00 0.0
21 Miscellaneous edible preparations 9.2 0.00 20.0-54.29
22 Beverages, spirits and vinegar 3,849.8 0.02 2,141.679.76
23 Residues and waste from the food industries; prepared animal feed 39.1 0.00 64.9-39.74
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 8,455.1 0.05 26,593.0-68.21
26 Ores, slag and ash 2,324.5 0.01 7,383.4-68.52
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 15,435,856.9 95.15 29,643,463.7-47.93
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 88,294.7 0.54 177,331.3-50.21
29 Organic chemicals 214,396.7 1.32 425,706.3-49.64
30 Pharmaceutical products 116.6 0.00 42.9171.69
31 Fertilizers 68,934.8 0.42 41,317.666.84
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 76.7 0.00 14.7423.79
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 1,175.1 0.01 554.9111.75
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 215.4 0.00 187.614.82
37 Photographic or cinematographic goods 2.3 0.00 0.0
38 Miscellaneous chemical products 1,654.7 0.01 1,461.813.20
39 Plastics and articles thereof 5,667.8 0.03 5,035.812.55
40 Rubber and articles thereof 535.5 0.00 625.1-14.34
41 Raw hides and skins (other than furskins) and leather 0.0 0.00 31.2-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 51.3 0.00 41.822.74
44 Wood and articles of wood; wood charcoal 119.8 0.00 8.01,399.96
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 4.2 0.00 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 119.0 0.00 0.0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 59.9 0.00 198.4-69.83
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 86.8 0.00 46.885.24
57 Carpets and other textile floor coverings 0.4 0.00 0.0
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 35.6 0.00 29.620.22
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 24.9 0.00 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 24.5 0.00 45.0-45.44
62 Articles of apparel and clothing accessories, not knitted or crocheted 32.6 0.00 33.6-2.98
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 13.4 0.00 8.754.75
64 Footwear, gaiters and the like; parts of such articles 95.9 0.00 67.142.85
65 Headgear and parts thereof 6.5 0.00 6.7-3.50
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 0.0 0.00 0.5-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 2,201.9 0.01 1,505.846.23
69 Ceramic products 119.9 0.00 88.635.33
70 Glass and glassware 777.1 0.00 0.0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 39,689.6 0.24 91,765.8-56.75
72 Iron and steel 56,819.6 0.35 65,854.2-13.72
73 Articles of iron or steel 78.3 0.00 193.2-59.49
74 Copper and articles thereof 909.8 0.01 219.8313.89
76 Aluminum and articles thereof 97,137.0 0.60 147,679.7-34.22
78 Lead and articles thereof 12,734.7 0.08 6,473.596.72
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 46.5 0.00 63.8-27.20
83 Miscellaneous articles of base metal 498.2 0.00 985.0-49.43
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 2,742.8 0.02 2,603.95.33
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 39,079.2 0.24 43,842.5-10.86
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 203.1 0.00 195.53.90
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 1,323.3 0.01 1,860.1-28.85
88 Aircraft, spacecraft, and parts thereof 150.6 0.00 84.378.70
89 Ships, boats and floating structures 839.7 0.01 316.4165.41
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 401.7 0.00 188.5113.07
91 Clocks and watches and parts thereof 2.9 0.00 7.5-61.92
92 Musical instruments; parts and accessories of such articles 9.9 0.00 35.0-71.62
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 107.1 0.00 417.0-74.31
95 Toys, games and sports requisites; parts and accessories thereof 37.4 0.00 26.541.19
96 Miscellaneous manufactured articles 147.9 0.00 139.06.43
97 Works of art, collectors’ pieces and antiques 7,914.2 0.05 7,600.74.12
99 Commodities not specified according to kind 60,510.6 0.37 82,318.3-26.49
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce