US trade (export - import) with Venezuela in 2017

Published or Updated: Jun 22, 2018

The report on US foreign trade in goods with Venezuela in 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Venezuela

In 2017, US trade with Venezuela totaled $16.9 billion, up 1.30% ($0.2 billion) from 2016.

US exports to Venezuela in 2017 were $4.2 billion, down 20.66% ($1.1 billion) from 2016.

US imports from Venezuela in 2017 totaled $12.7 billion, up 11.40% ($1.3 billion) from 2016.

US trade deficit with Venezuela in 2017 was $8.6 billion, a 38.64% increase ($2.4 billion) over 2016.

Venezuela was the US 33rd largest trading partner in 2017 (just as in 2016), accounting for 0.4277% of US total trade (down from 0.4509% in 2016).

Venezuela was the US 46th largest export market in 2017 (down from 39th in 2016), accounting for 0.2697% of US total exports (down from 0.3616% in 2016).

Venezuela was the US 27th largest supplier in 2017 (just as in 2016), accounting for 0.5291% of US total imports (up from 0.5085% in 2016).

US Exports to Venezuela

The major share of US exports to Venezuela in 2017 (and in 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 48.48% of US total exports to Venezuela (32.47% in 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 23.54% of US total exports to Venezuela (30.91% in 2016);
  • Chemical products (HS codes 28-40) - 11.13% of US total exports to Venezuela (14.61% in 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 9.34% of US total exports to Venezuela (12.12% in 2016);
  • Metals and products from them (HS codes 72-83) - 2.61% of US total exports to Venezuela (4.03% in 2016).

The largest gains in US exports to Venezuela in 2017 over 2016 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 $312.2 million;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - an increase of $13.6 million;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $13.3 million.

The largest declines in US exports to Venezuela in 2017 over 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $353.5 million;
  • Cereals (HS code 10) - a decrease of $187.0 million;
  • Organic chemicals (HS code 29) - a decrease of $135.0 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $131.1 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 $100.2 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $67.5 million;
  • Articles of iron or steel (HS code 73) - a decrease of $55.3 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $53.8 million;
  • Pharmaceutical products (HS code 30) - a decrease of $46.8 million;
  • Miscellaneous chemical products (HS code 38) - a decrease of $45.2 million;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - a decrease of $37.1 million;
  • Commodities not specified according to kind (HS code 99) - a decrease of $28.0 million;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $23.6 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) - a decrease of $21.6 million;
  • Iron and steel (HS code 72) - a decrease of $21.3 million;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - a decrease of $17.4 million;
  • Rubber and articles thereof (HS code 40) - a decrease of $14.3 million;
  • Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - a decrease of $12.7 million.
US exports to Venezuela in 2017 by product groups
HS
code
Name of product group Value
of exports
in 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2016
(USD thousand)
Change
in 2017
over 2016
(%)
01 Live animals 297.4 0.01 442.9-32.86
02 Meat and edible meat offal 103.9 0.00 72.144.07
03 Fish and crustaceans, molluscs and other aquatic invertebrates 849.7 0.02 1,291.6-34.21
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,979.9 0.05 1,628.021.62
05 Products of animal origin, not elsewhere specified or included 137.6 0.00 109.825.39
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 72.6 0.00 409.4-82.28
07 Edible vegetables and certain roots and tubers 595.5 0.01 1,147.5-48.11
08 Edible fruit and nuts; peel of citrus fruit or melons 0.0 0.00 698.9-100.00
09 Coffee, tea, maté and spices 176.6 0.00 1,139.7-84.50
10 Cereals 206,955.4 4.96 393,947.3-47.47
11 Products of the milling industry; malt; starches; inulin; wheat gluten 927.7 0.02 806.315.05
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 42,044.0 1.01 28,417.547.95
13 Lac; gums, resins and other vegetable saps and extracts 669.8 0.02 1,943.7-65.54
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 137.3 0.00 34.7295.90
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 18,787.6 0.45 42,360.6-55.65
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 222.6 0.01 655.1-66.02
17 Sugars and sugar confectionery 937.8 0.02 4,016.5-76.65
18 Cocoa and cocoa preparations 524.9 0.01 747.9-29.81
19 Preparations of cereals, flour, starch or milk; bakers’ wares 1,170.9 0.03 3,968.6-70.50
20 Preparations of vegetables, fruit, nuts or other parts of plants 919.6 0.02 1,744.6-47.29
21 Miscellaneous edible preparations 9,866.9 0.24 11,820.3-16.53
22 Beverages, spirits and vinegar 160.2 0.00 662.7-75.83
23 Residues and waste from the food industries; prepared animal feed 101,993.5 2.45 139,049.5-26.65
24 Tobacco and manufactured tobacco substitutes 0.0 0.00 14.5-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 9,832.5 0.24 7,203.236.50
26 Ores, slag and ash 272.0 0.01 25.8954.64
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 2,011,384.8 48.24 1,699,166.718.37
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 50,734.3 1.22 39,789.127.51
29 Organic chemicals 176,694.5 4.24 311,741.2-43.32
30 Pharmaceutical products 33,133.1 0.79 79,954.5-58.56
31 Fertilizers 11,190.0 0.27 10,530.86.26
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 13,599.5 0.33 30,992.9-56.12
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 6,528.4 0.16 10,782.4-39.45
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 21,012.3 0.50 13,072.160.74
35 Albuminoidal substances; modified starches; glues; enzymes 5,104.3 0.12 11,191.9-54.39
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 401.8 0.01 723.7-44.48
37 Photographic or cinematographic goods 3,578.3 0.09 3,445.13.87
38 Miscellaneous chemical products 77,505.7 1.86 122,755.2-36.86
39 Plastics and articles thereof 46,921.8 1.13 100,694.5-53.40
40 Rubber and articles thereof 17,567.6 0.42 31,913.4-44.95
41 Raw hides and skins (other than furskins) and leather 45.1 0.00 95.0-52.53
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1,646.8 0.04 7,492.1-78.02
43 Furskins and artificial fur; manufactures thereof 1,680.2 0.04 802.0109.50
44 Wood and articles of wood; wood charcoal 5,178.6 0.12 2,770.686.91
45 Cork and articles of cork 48.6 0.00 6.8618.36
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 11.6 0.00 0.0
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 2,608.8 0.06 5,539.0-52.90
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 12,474.6 0.30 22,032.3-43.38
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 838.0 0.02 2,664.7-68.55
50 Silk 76.7 0.00 29.5160.17
52 Cotton 5,530.3 0.13 6,000.0-7.83
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 59.1 0.00 17.9230.83
54 Man-made filaments 158.9 0.00 777.7-79.57
55 Man-made staple fibers 145.1 0.00 321.5-54.86
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 419.6 0.01 2,091.9-79.94
57 Carpets and other textile floor coverings 757.6 0.02 342.7121.07
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 17.6 0.00 316.4-94.43
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 2,255.4 0.05 6,798.3-66.82
60 Knitted or crocheted fabrics 157.4 0.00 337.5-53.37
61 Articles of apparel and clothing accessories, knitted or crocheted 1,303.4 0.03 4,462.6-70.79
62 Articles of apparel and clothing accessories, not knitted or crocheted 6,106.9 0.15 9,840.9-37.94
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 799.9 0.02 2,140.7-62.64
64 Footwear, gaiters and the like; parts of such articles 3,534.6 0.08 7,657.2-53.84
65 Headgear and parts thereof 279.3 0.01 513.2-45.58
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 29.8 0.00 32.0-6.91
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 7.7 0.00 230.8-96.68
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 4,108.6 0.10 6,767.8-39.29
69 Ceramic products 6,264.7 0.15 5,382.016.40
70 Glass and glassware 1,892.1 0.05 2,778.2-31.89
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 2,161.5 0.05 1,663.529.94
72 Iron and steel 4,706.7 0.11 26,024.5-81.91
73 Articles of iron or steel 73,657.4 1.77 129,005.8-42.90
74 Copper and articles thereof 1,327.6 0.03 4,472.8-70.32
75 Nickel and articles thereof 491.5 0.01 656.6-25.15
76 Aluminum and articles thereof 7,338.3 0.18 16,073.7-54.35
78 Lead and articles thereof 92.7 0.00 71.729.34
79 Zinc and articles thereof 1,884.5 0.05 601.5213.31
80 Tin and articles thereof 776.4 0.02 844.8-8.10
81 Other base metals; cermets; articles thereof 1,164.8 0.03 621.387.46
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 10,241.0 0.25 22,918.8-55.32
83 Miscellaneous articles of base metal 7,272.9 0.17 10,695.2-32.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 514,531.8 12.34 868,037.6-40.72
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 188,587.0 4.52 288,748.2-34.69
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 4,273.2 0.10 3,111.537.34
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 110,499.0 2.65 241,595.9-54.26
88 Aircraft, spacecraft, and parts thereof 74,857.2 1.80 61,556.021.61
89 Ships, boats and floating structures 10,672.2 0.26 15,729.7-32.15
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 77,975.9 1.87 145,489.0-46.40
91 Clocks and watches and parts thereof 18,538.5 0.44 21,893.0-15.32
92 Musical instruments; parts and accessories of such articles 27.1 0.00 70.0-61.33
93 Arms and ammunition; parts and accessories thereof 840.9 0.02 2,441.1-65.55
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 23,375.6 0.56 44,969.6-48.02
95 Toys, games and sports requisites; parts and accessories thereof 6,202.9 0.15 17,129.4-63.79
96 Miscellaneous manufactured articles 5,394.5 0.13 7,816.5-30.99
97 Works of art, collectors’ pieces and antiques 3,728.6 0.09 310.91,099.21
99 Commodities not specified according to kind 85,326.0 2.05 113,312.7-24.70

US Imports from Venezuela

The major share of US imports from Venezuela in 2017 (and in 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 94.52% of US total imports from Venezuela (95.52% in 2016);
  • Metals and products from them (HS codes 72-83) - 2.04% of US total imports from Venezuela (1.46% in 2016);
  • Chemical products (HS codes 28-40) - 1.79% of US total imports from Venezuela (1.51% in 2016).

The largest gains in US imports from Venezuela in 2017 over 2016 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 $1,119.0 million;
  • Aluminum and articles thereof (HS code 76) - an increase of $90.6 million;
  • Organic chemicals (HS code 29) - an increase of $46.5 million.

The largest declines in US imports from Venezuela in 2017 over the 2016 were recorded for the following product groups:

  • No product groups with a substantial decrease.
US imports from Venezuela in 2017 by product groups
HS
code
Name of product group Value
of imports
in 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2016
USD thousand)
Change
in 2017
over 2016
(%)
01 Live animals 101.9 0.00 168.2-39.42
03 Fish and crustaceans, molluscs and other aquatic invertebrates 44,087.4 0.35 31,284.440.92
05 Products of animal origin, not elsewhere specified or included 716.2 0.01 370.693.27
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 4.1 0.00 3.131.55
08 Edible fruit and nuts; peel of citrus fruit or melons 149.7 0.00 0.0
10 Cereals 0.0 0.00 9.9-100.00
11 Products of the milling industry; malt; starches; inulin; wheat gluten 91.2 0.00 0.0
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 559.5 0.00 63.1786.48
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 33,928.1 0.27 26,064.930.17
17 Sugars and sugar confectionery 0.0 0.00 20.1-100.00
18 Cocoa and cocoa preparations 6,028.0 0.05 2,890.7108.53
19 Preparations of cereals, flour, starch or milk; bakers’ wares 38.8 0.00 246.0-84.22
20 Preparations of vegetables, fruit, nuts or other parts of plants 859.0 0.01 10.67,997.94
21 Miscellaneous edible preparations 11.4 0.00 49.0-76.74
22 Beverages, spirits and vinegar 6,448.7 0.05 5,287.721.96
23 Residues and waste from the food industries; prepared animal feed 87.7 0.00 106.5-17.63
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 3,705.5 0.03 2,781.633.21
26 Ores, slag and ash 49.6 0.00 1,591.7-96.88
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 12,041,559.1 94.49 10,922,531.110.25
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 35,546.9 0.28 28,812.623.37
29 Organic chemicals 178,420.5 1.40 131,942.435.23
30 Pharmaceutical products 0.0 0.00 4.5-100.00
31 Fertilizers 6,945.8 0.05 4,612.350.59
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 76.5 0.00 44.870.84
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 1,072.5 0.01 1,014.45.73
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 314.9 0.00 83.0279.60
38 Miscellaneous chemical products 65.2 0.00 1,135.0-94.26
39 Plastics and articles thereof 5,353.9 0.04 4,705.413.78
40 Rubber and articles thereof 156.9 0.00 777.9-79.82
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 49.6 0.00 30.264.04
44 Wood and articles of wood; wood charcoal 2,857.2 0.02 1,617.976.60
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 7,466.4 0.06 886.4742.37
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 174.3 0.00 32.2442.03
52 Cotton 4.9 0.00 0.0
54 Man-made filaments 0.0 0.00 0.3-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 137.8 0.00 130.06.02
57 Carpets and other textile floor coverings 0.0 0.00 38.0-100.00
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 5.5 0.00 45.8-88.09
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 2.7 0.00 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 11.9 0.00 12.5-4.73
62 Articles of apparel and clothing accessories, not knitted or crocheted 104.4 0.00 3.42,979.09
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 80.6 0.00 16.0404.01
64 Footwear, gaiters and the like; parts of such articles 107.8 0.00 40.3167.24
65 Headgear and parts thereof 22.9 0.00 28.5-19.55
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 2,096.6 0.02 2,224.2-5.74
69 Ceramic products 307.8 0.00 507.3-39.33
70 Glass and glassware 365.2 0.00 3,654.7-90.01
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 22,627.1 0.18 8,255.7174.08
72 Iron and steel 23,512.4 0.18 28,071.4-16.24
73 Articles of iron or steel 303.5 0.00 707.0-57.07
74 Copper and articles thereof 12,491.1 0.10 3,935.0217.43
75 Nickel and articles thereof 0.0 0.00 3.6-100.00
76 Aluminum and articles thereof 212,547.2 1.67 121,921.774.33
78 Lead and articles thereof 10,759.5 0.08 11,462.2-6.13
79 Zinc and articles thereof 76.9 0.00 0.0
81 Other base metals; cermets; articles thereof 0.0 0.00 6.9-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 23.9 0.00 24.4-2.09
83 Miscellaneous articles of base metal 201.9 0.00 662.8-69.54
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 1,511.9 0.01 2,765.5-45.33
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 40,500.0 0.32 39,020.53.79
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 0.0 0.00 1,027.5-100.00
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 1,197.4 0.01 1,142.04.85
88 Aircraft, spacecraft, and parts thereof 518.5 0.00 218.6137.14
89 Ships, boats and floating structures 1,310.3 0.01 629.2108.25
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 502.3 0.00 363.538.21
91 Clocks and watches and parts thereof 30.7 0.00 24.326.11
92 Musical instruments; parts and accessories of such articles 15.5 0.00 5.1203.89
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 233.9 0.00 169.737.83
95 Toys, games and sports requisites; parts and accessories thereof 116.9 0.00 31.8267.59
96 Miscellaneous manufactured articles 81.1 0.00 156.9-48.34
97 Works of art, collectors’ pieces and antiques 7,077.0 0.06 5,423.230.50
99 Commodities not specified according to kind 27,373.7 0.21 37,722.2-27.43
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce