Crude Petroleum in Venezuela 2021 Exports | Imports : $5.13M | $31.5M, World Rnk 98 / 147 Rnk 44 / 651 | World Rnk 84 / 163 Rnk 53 / 1031
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $672 | $31.5M, United Arab Emirates | United States
2021 ECONOMIC COMPLEXITY of Venezuela: -1.08, Rnk 110 / 131
2021 PRODUCT COMPLEXITY IN Crude Petroleum: -2.36, Rnk 1013 / 1024
Exports In 2021, Venezuela exported $5.13M in Crude Petroleum, making it the 98th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 44th most exported product in Venezuela. The main destination of Crude Petroleum exports from Venezuela are: Malaysia ($5.09M), Italy ($35k), and United Arab Emirates ($672).
The fastest growing export markets for Crude Petroleum of Venezuela between 2020 and 2021 were United Arab Emirates ($672).
Imports In 2021, Venezuela imported $31.5M in Crude Petroleum, becoming the 84th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 53rd most imported product in Venezuela. Venezuela imports Crude Petroleum primarily from: United States ($31.5M).
The fastest growing import markets in Crude Petroleum for Venezuela between N/A and 2021 were United States ($31.5M).
Jun 2023
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 Crude Petroleum. Countries are shown based on data availability.
* Using January 2020 exchange rates when trade data is reported in local currency.
EXPORTS (2021): $5.13M
IMPORTS (2021): $31.5M
NET TRADE (2021): -$26.3M
In 2021, Venezuela exported $5.13M in Crude Petroleum. The main destinations of Venezuela exports on Crude Petroleum were Malaysia ($5.09M), Italy ($35k), and United Arab Emirates ($672).
In 2021, Venezuela imported $31.5M in Crude Petroleum, mainly from United States ($31.5M).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Venezuela WERE (2020 - 2021):: United Arab Emirates, $672 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Venezuela WERE (2020 - 2021):
In 2021, Venezuela's main exporting competitors in Crude Petroleum were:
In 2021, Venezuela's main importing competitors in Crude Petroleum were:
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