2022
Exports
$70.3kWorld Rnk 178 / 221
Flag Rnk 243 / 665
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$9.63MWorld Rnk 147 / 224
Flag Rnk 184 / 1063
2022
ECONOMIC COMPLEXITY of Venezuela
-0.87Rnk 107 / 133

About

Exports In 2022, Venezuela exported $70.3k in Excavation Machinery, making it the 178th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 243rd most exported product in Venezuela. The main destination of Excavation Machinery exports from Venezuela are: Chile ($26k), Argentina ($15k), Panama ($7.97k), Senegal ($6.02k), and Dominican Republic ($5.37k).

The fastest growing export markets for Excavation Machinery of Venezuela between 2021 and 2022 were Chile ($26k), Argentina ($15k), and Panama ($7.97k).

Imports In 2022, Venezuela imported $9.63M in Excavation Machinery, becoming the 147th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 184th most imported product in Venezuela. Venezuela imports Excavation Machinery primarily from: China ($4.02M), Germany ($1.81M), United States ($819k), Netherlands ($544k), and India ($398k).

The fastest growing import markets in Excavation Machinery for Venezuela between 2021 and 2022 were China ($2.36M), Germany ($1.5M), and Netherlands ($507k).

Latest Trends

Nov 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 Excavation Machinery. 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)$70.3k
IMPORTS (2022)$9.63M
NET TRADE (2022)-$9.56M

In 2022, Venezuela exported $70.3k in Excavation Machinery. The main destinations of Venezuela exports on Excavation Machinery were Chile ($26k), Argentina ($15k), Panama ($7.97k), Senegal ($6.02k), and Dominican Republic ($5.37k).

In 2022, Venezuela imported $9.63M in Excavation Machinery, mainly from China ($4.02M), Germany ($1.81M), United States ($819k), Netherlands ($544k), and India ($398k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):
Chile$26k (1%)
Argentina$15k (1%)
Panama$7.97k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Venezuela WERE (2021 - 2022):
Indonesia-$1.25M (-100%)
Costa Rica-$57.2k (-99.6%)
France-$34.6k (-97.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Excavation Machinery were:
In 2022, Venezuela's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

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N/A
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Excavation Machinery’s highest export potential is N/A. With an export gap of N/A.   Excavation Machinery’s highest import potential is N/A with an import gap of N/A.

See methodology.

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