US trade with Venezuela in the 3rd quarter of 2017

Published or Updated: Jun 22, 2018

The report on US foreign trade in goods with Venezuela in the 3rd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Venezuela

In the 3rd quarter of 2017, US trade with Venezuela was $3.9 billion, down 17.43% ($0.8 billion) from the 3rd quarter of 2016.

US exports to Venezuela in the 3rd quarter of 2017 were $1.0 billion, down 30.53% ($0.4 billion) from the 3rd quarter of 2016.

US imports from Venezuela in the 3rd quarter of 2017 were $3.0 billion, down 12.08% ($0.4 billion) from the 3rd quarter of 2016.

US trade deficit with Venezuela in the 3rd quarter of 2017 was $2.0 billion, a 0.65% increase ($0.0 billion) over the 3rd quarter of 2016.

Venezuela was the US 34th largest trading partner in the 3rd quarter of 2017 (down from 32nd in the 3rd quarter of 2016), accounting for 0.3955% of US total trade (down from 0.5765% in the 3rd quarter of 2016).

Venezuela was the US 48th largest export market in the 3rd quarter of 2017 (down from 39th in the 3rd quarter of 2016), accounting for 0.2496% of US total exports (down from 0.3955% in the 3rd quarter of 2016).

Venezuela was the US 28th largest supplier in the 3rd quarter of 2017 (down from 27th in the 3rd quarter of 2016), accounting for 0.4873% of US total imports (down from 0.7089% in the 3rd quarter of 2016).

US Exports to Venezuela

The major share of US exports to Venezuela in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 40.67% of US total exports to Venezuela (31.85% in the 3rd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 25.21% of US total exports to Venezuela (24.67% in the 3rd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 14.15% of US total exports to Venezuela (17.69% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 12.26% of US total exports to Venezuela (17.67% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.70% of US total exports to Venezuela (3.38% in the 3rd quarter of 2016).

The largest gains in US exports to Venezuela in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $3.3 million.

The largest declines in US exports to Venezuela in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Organic chemicals (HS code 29) - a decrease of $64.1 million;
  • Cereals (HS code 10) - a decrease of $63.0 million;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $49.5 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $37.0 million;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - a decrease of $29.2 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $26.4 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $20.6 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 $17.8 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $16.2 million;
  • Pharmaceutical products (HS code 30) - a decrease of $12.0 million;
  • Articles of iron or steel (HS code 73) - a decrease of $11.8 million;
  • Commodities not specified according to kind (HS code 99) - a decrease of $8.1 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 $7.9 million;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - a decrease of $7.7 million;
  • Rubber and articles thereof (HS code 40) - a decrease of $7.6 million;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - a decrease of $6.8 million;
  • Miscellaneous chemical products (HS code 38) - a decrease of $5.4 million;
  • Aluminum and articles thereof (HS code 76) - a decrease of $4.8 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 $3.7 million;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $3.4 million.
US exports to Venezuela in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q3 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
01 Live animals 146.4 0.02 145.00.93
02 Meat and edible meat offal 30.3 0.00 53.9-43.90
03 Fish and crustaceans, molluscs and other aquatic invertebrates 9.9 0.00 286.9-96.55
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 741.9 0.08 538.337.82
05 Products of animal origin, not elsewhere specified or included 12.6 0.00 105.7-88.11
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 72.6 0.01 0.0
07 Edible vegetables and certain roots and tubers 43.6 0.00 548.0-92.05
08 Edible fruit and nuts; peel of citrus fruit or melons 0.0 0.00 368.9-100.00
09 Coffee, tea, maté and spices 22.3 0.00 64.6-65.43
10 Cereals 93,840.1 9.86 156,834.5-40.17
11 Products of the milling industry; malt; starches; inulin; wheat gluten 341.0 0.04 656.0-48.02
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 4,165.7 0.44 11,003.2-62.14
13 Lac; gums, resins and other vegetable saps and extracts 417.2 0.04 123.4238.18
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 121.0 0.01 30.2301.01
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 331.9 0.03 845.4-60.74
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 0.0 0.00 46.6-100.00
17 Sugars and sugar confectionery 248.4 0.03 2,436.8-89.81
18 Cocoa and cocoa preparations 50.6 0.01 289.7-82.54
19 Preparations of cereals, flour, starch or milk; bakers’ wares 337.9 0.04 1,491.7-77.35
20 Preparations of vegetables, fruit, nuts or other parts of plants 44.0 0.00 273.2-83.91
21 Miscellaneous edible preparations 2,168.6 0.23 5,542.1-60.87
22 Beverages, spirits and vinegar 2.7 0.00 28.6-90.56
23 Residues and waste from the food industries; prepared animal feed 31,538.3 3.31 60,694.0-48.04
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 1,758.7 0.18 1,565.312.36
26 Ores, slag and ash 57.4 0.01 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 385,304.8 40.48 434,842.7-11.39
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 6,877.1 0.72 14,786.5-53.49
29 Organic chemicals 42,906.2 4.51 107,030.6-59.91
30 Pharmaceutical products 6,633.3 0.70 18,606.6-64.35
31 Fertilizers 3,328.4 0.35 2,231.749.14
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 3,453.2 0.36 11,198.1-69.16
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 1,763.7 0.19 2,747.5-35.81
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 4,889.1 0.51 3,285.848.79
35 Albuminoidal substances; modified starches; glues; enzymes 1,371.7 0.14 3,748.0-63.40
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 12.5 0.00 84.8-85.27
37 Photographic or cinematographic goods 1,348.2 0.14 721.586.87
38 Miscellaneous chemical products 30,542.9 3.21 35,931.7-15.00
39 Plastics and articles thereof 9,018.0 0.95 29,652.2-69.59
40 Rubber and articles thereof 4,536.8 0.48 12,103.6-62.52
41 Raw hides and skins (other than furskins) and leather 0.0 0.00 27.8-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 227.7 0.02 1,050.0-78.32
43 Furskins and artificial fur; manufactures thereof 0.0 0.00 329.8-100.00
44 Wood and articles of wood; wood charcoal 2,118.9 0.22 654.4223.77
45 Cork and articles of cork 48.6 0.01 0.0
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 928.8 0.10 857.88.28
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 3,889.7 0.41 2,125.283.03
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 244.2 0.03 405.5-39.79
50 Silk 68.7 0.01 29.5133.04
52 Cotton 1,242.7 0.13 160.7673.45
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 0.0 0.00 12.0-100.00
54 Man-made filaments 51.1 0.01 76.9-33.58
55 Man-made staple fibers 32.4 0.00 78.0-58.46
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 121.4 0.01 880.5-86.22
57 Carpets and other textile floor coverings 413.6 0.04 38.7968.31
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 4.9 0.00 29.7-83.48
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 673.7 0.07 1,992.0-66.18
60 Knitted or crocheted fabrics 8.0 0.00 57.3-86.03
61 Articles of apparel and clothing accessories, knitted or crocheted 158.0 0.02 482.0-67.21
62 Articles of apparel and clothing accessories, not knitted or crocheted 942.6 0.10 2,340.0-59.72
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 161.4 0.02 1,041.9-84.51
64 Footwear, gaiters and the like; parts of such articles 459.7 0.05 1,184.3-61.19
65 Headgear and parts thereof 58.8 0.01 89.4-34.27
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 0.0 0.00 7.6-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 615.9 0.06 585.95.14
69 Ceramic products 802.4 0.08 1,097.3-26.88
70 Glass and glassware 969.7 0.10 602.261.02
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 394.2 0.04 337.416.84
72 Iron and steel 1,412.6 0.15 2,421.3-41.66
73 Articles of iron or steel 16,325.7 1.71 28,093.7-41.89
74 Copper and articles thereof 150.1 0.02 1,260.2-88.09
75 Nickel and articles thereof 44.2 0.00 61.6-28.27
76 Aluminum and articles thereof 1,656.5 0.17 6,436.3-74.26
78 Lead and articles thereof 13.6 0.00 0.0
79 Zinc and articles thereof 24.1 0.00 6.7261.24
80 Tin and articles thereof 0.0 0.00 146.6-100.00
81 Other base metals; cermets; articles thereof 122.6 0.01 202.7-39.55
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 2,859.7 0.30 4,190.2-31.75
83 Miscellaneous articles of base metal 3,101.2 0.33 3,518.0-11.85
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 146,823.8 15.42 173,257.3-15.26
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 39,257.5 4.12 57,018.7-31.15
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 642.1 0.07 592.38.42
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 21,868.5 2.30 58,906.4-62.88
88 Aircraft, spacecraft, and parts thereof 12,867.5 1.35 13,193.1-2.47
89 Ships, boats and floating structures 497.1 0.05 770.5-35.48
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 18,049.9 1.90 34,271.9-47.33
91 Clocks and watches and parts thereof 3,748.9 0.39 5,917.5-36.65
92 Musical instruments; parts and accessories of such articles 3.6 0.00 0.0
93 Arms and ammunition; parts and accessories thereof 16.8 0.00 2,089.7-99.20
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 5,789.8 0.61 9,499.0-39.05
95 Toys, games and sports requisites; parts and accessories thereof 480.5 0.05 2,073.7-76.83
96 Miscellaneous manufactured articles 538.8 0.06 1,502.2-64.13
97 Works of art, collectors’ pieces and antiques 3,432.9 0.36 147.32,229.84
99 Commodities not specified according to kind 19,058.8 2.00 27,146.4-29.79

US Imports from Venezuela

The major share of US imports from Venezuela in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 94.80% of US total imports from Venezuela (95.38% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.57% of US total imports from Venezuela (1.28% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 1.10% of US total imports from Venezuela (1.89% in the 3rd quarter of 2016).

The largest gains in US imports from Venezuela in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Aluminum and articles thereof (HS code 76) - an increase of $28.7 million.

The largest declines in US imports from Venezuela in the 3rd quarter of 2017 over the 3rd quarter of 2016 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 $402.4 million;
  • Organic chemicals (HS code 29) - a decrease of $22.6 million;
  • Commodities not specified according to kind (HS code 99) - a decrease of $9.5 million.
US imports from Venezuela in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q3 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
01 Live animals 25.5 0.00 53.2-52.02
03 Fish and crustaceans, molluscs and other aquatic invertebrates 12,720.5 0.43 8,123.356.59
05 Products of animal origin, not elsewhere specified or included 137.1 0.00 81.468.49
08 Edible fruit and nuts; peel of citrus fruit or melons 16.3 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 10.6 0.00 0.0
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 0.0 0.00 50.8-100.00
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 5,581.5 0.19 3,248.671.81
18 Cocoa and cocoa preparations 1,215.7 0.04 469.5158.94
19 Preparations of cereals, flour, starch or milk; bakers’ wares 0.0 0.00 5.0-100.00
20 Preparations of vegetables, fruit, nuts or other parts of plants 22.7 0.00 0.0
22 Beverages, spirits and vinegar 1,772.5 0.06 1,822.9-2.76
23 Residues and waste from the food industries; prepared animal feed 14.8 0.00 71.1-79.26
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 479.8 0.02 483.6-0.79
26 Ores, slag and ash 0.0 0.00 1,514.3-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 2,797,247.1 94.79 3,199,634.2-12.58
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 7,755.4 0.26 15,769.4-50.82
29 Organic chemicals 23,223.9 0.79 45,808.3-49.30
30 Pharmaceutical products 0.0 0.00 4.5-100.00
31 Fertilizers 0.0 0.00 14.2-100.00
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 26.4 0.00 10.2157.64
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 170.4 0.01 237.5-28.24
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 19.8 0.00 18.66.25
38 Miscellaneous chemical products 0.0 0.00 193.9-100.00
39 Plastics and articles thereof 1,085.5 0.04 1,336.4-18.78
40 Rubber and articles thereof 55.3 0.00 190.6-70.97
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1.4 0.00 8.8-83.97
44 Wood and articles of wood; wood charcoal 689.3 0.02 877.4-21.45
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 2,705.6 0.09 7.436,387.93
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 9.2-100.00
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 73.8 0.00 44.964.27
57 Carpets and other textile floor coverings 0.0 0.00 38.0-100.00
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 0.0 0.00 3.3-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 4.2 0.00 2.755.99
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 30.9 0.00 2.31,244.41
64 Footwear, gaiters and the like; parts of such articles 22.7 0.00 3.9475.27
65 Headgear and parts thereof 0.0 0.00 2.4-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 505.4 0.02 403.825.16
69 Ceramic products 12.6 0.00 139.3-90.99
70 Glass and glassware 188.2 0.01 764.9-75.39
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 2,756.7 0.09 2,673.63.11
72 Iron and steel 9,184.5 0.31 10,574.0-13.14
73 Articles of iron or steel 29.4 0.00 61.6-52.26
74 Copper and articles thereof 5,104.0 0.17 63.47,946.89
76 Aluminum and articles thereof 58,813.0 1.99 30,070.195.59
78 Lead and articles thereof 2,751.9 0.09 1,956.240.68
79 Zinc and articles thereof 47.1 0.00 0.0
81 Other base metals; cermets; articles thereof 0.0 0.00 6.9-100.00
83 Miscellaneous articles of base metal 38.7 0.00 178.9-78.37
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 305.2 0.01 387.0-21.12
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 11,281.1 0.38 12,763.4-11.61
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 125.0 0.00 317.8-60.66
88 Aircraft, spacecraft, and parts thereof 67.4 0.00 72.2-6.62
89 Ships, boats and floating structures 574.9 0.02 83.6587.86
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 34.0 0.00 49.4-31.10
91 Clocks and watches and parts thereof 0.0 0.00 20.4-100.00
92 Musical instruments; parts and accessories of such articles 3.1 0.00 5.1-39.59
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 31.5 0.00 36.6-13.78
95 Toys, games and sports requisites; parts and accessories thereof 8.2 0.00 0.0
96 Miscellaneous manufactured articles 13.8 0.00 12.411.51
97 Works of art, collectors’ pieces and antiques 488.7 0.02 2,678.9-81.76
99 Commodities not specified according to kind 3,670.4 0.12 13,180.1-72.15
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce