Overview In July 2021 China exported $204M and imported $101M from Venezuela, resulting in a positive trade balance of $103M. Between July 2020 and July 2021 the exports of China have increased by $59.2M (40.9%) from $145M to $204M, while imports increased by $59.9M (147%) from $40.7M to $101M.
Trade In July 2021, the top exports of China to Venezuela were Buses ($13.1M), Rubber Tires ($8.79M), Air Conditioners ($8.77M), Laboratory Reagents ($6.02M), and Light Fixtures ($5.9M). In July 2021 the top imports of China from Venezuela were Iron Ore ($43.3M), Acyclic Alcohols ($27M), Iron Reductions ($9.11M), Scrap Copper ($8.15M), and Petroleum Coke ($5.43M).
Origins In July 2021 the exports of China were mainly from Zhejiang Province ($49.5M), Guangdong Province ($38.1M), Shandong Province ($23.5M), Henan Province ($16.5M), and Beijing ($16M), while imports destinations were mainly Jiangsu Province ($53.7M), Hebei Province ($31.5M), Zhejiang Province ($9.13M), Guangdong Province ($2.63M), and Tianjin ($1.4M).
Growth In July 2021, the increase in China's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Laboratory Reagents ($5.82M or 2.87k%), Air Conditioners ($5.37M or 158%), and Models and Stuffed Animals ($4.82M or 611%). In July 2021, the increase in China's year-by-year imports from Venezuela was explained primarily by an increase in product imports in Iron Ore ($34.5M or 391%), Acyclic Alcohols ($15.6M or 137%), and Raw Aluminium ($2.84M or 1.56k%).