2018
Exports
$5.35MWorld Rnk 137 / 210
Flag Rnk 29 / 91
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2018
Imports
$491MWorld Rnk 69 / 224
Flag Rnk 6 / 96
2022
ECONOMIC COMPLEXITY of Venezuela
-0.87Rnk 107 / 133

About

Exports In 2018, Venezuela exported $5.35M in Animal or vegetable fats, oils, & waxes, making it the 137th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 29th most exported product in Venezuela. The main destination of Animal or vegetable fats, oils, & waxes exports from Venezuela are: Colombia ($3.81M), United States ($995k), Chile ($374k), Peru ($149k), and China ($14.3k).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Venezuela between 2021 and 2022 were United States ($512k), Chile ($372k), and Colombia ($353k).

Imports In 2022, Venezuela imported $491M in Animal or vegetable fats, oils, & waxes, becoming the 69th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 6th most imported product in Venezuela. Venezuela imports Animal or vegetable fats, oils, & waxes primarily from: Brazil ($260M), United States ($86.6M), Colombia ($57M), Argentina ($56.5M), and Ecuador ($7.36M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Venezuela between 2021 and 2022 were Argentina ($53.6M), United States ($30.1M), and Colombia ($28M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.35M
IMPORTS (2022)$491M
NET TRADE (2022)-$485M

In 2022, Venezuela exported $5.35M in Animal or vegetable fats, oils, & waxes. The main destinations of Venezuela exports on Animal or vegetable fats, oils, & waxes were Colombia ($3.81M), United States ($995k), Chile ($374k), Peru ($149k), and China ($14.3k).

In 2022, Venezuela imported $491M in Animal or vegetable fats, oils, & waxes, mainly from Brazil ($260M), United States ($86.6M), Colombia ($57M), Argentina ($56.5M), and Ecuador ($7.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):
United States$512k (106%)
Chile$372k (13.5k%)
Colombia$353k (10.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Venezuela WERE (2021 - 2022):
Peru-$70.7k (-32.2%)
Spain-$8.82k (-100%)
Finland-$907 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Venezuela's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Animal or vegetable fats, oils, & waxes’s highest export potential is N/A. With an export gap of N/A.   Animal or vegetable fats, oils, & waxes’s highest import potential is N/A with an import gap of N/A.

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