2022
Exports
$105MWorld Rnk 36 / 203
Flag Rnk 12 / 665
2022
PRODUCT COMPLEXITY IN Hard Liquor
-0.52Rnk 708 / 1025
2022
Imports
$40.2MWorld Rnk 82 / 224
Flag Rnk 48 / 1063
2022
ECONOMIC COMPLEXITY of Venezuela
-0.87Rnk 107 / 133

About

Exports In 2022, Venezuela exported $105M in Hard Liquor, making it the 36th largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 12th most exported product in Venezuela. The main destination of Hard Liquor exports from Venezuela are: Italy ($16.4M), United States ($16.1M), France ($11.8M), Spain ($11.3M), and Germany ($9.3M).

The fastest growing export markets for Hard Liquor of Venezuela between 2021 and 2022 were Dominican Republic ($7.67M), Spain ($6.14M), and Italy ($2.86M).

Imports In 2022, Venezuela imported $40.2M in Hard Liquor, becoming the 82nd largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 48th most imported product in Venezuela. Venezuela imports Hard Liquor primarily from: United Kingdom ($19.8M), Suriname ($8.97M), United States ($8.35M), Aruba ($1.46M), and France ($481k).

The fastest growing import markets in Hard Liquor for Venezuela between 2021 and 2022 were United Kingdom ($6.75M), United States ($2.85M), and Suriname ($2.56M).

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 Hard Liquor. 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)$105M
IMPORTS (2022)$40.2M
NET TRADE (2022)$65.3M

In 2022, Venezuela exported $105M in Hard Liquor. The main destinations of Venezuela exports on Hard Liquor were Italy ($16.4M), United States ($16.1M), France ($11.8M), Spain ($11.3M), and Germany ($9.3M).

In 2022, Venezuela imported $40.2M in Hard Liquor, mainly from United Kingdom ($19.8M), Suriname ($8.97M), United States ($8.35M), Aruba ($1.46M), and France ($481k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):
Dominican Republic$7.67M (668%)
Spain$6.14M (120%)
Italy$2.86M (21.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Venezuela WERE (2021 - 2022):
Germany-$14.5M (-61%)
United States-$1.37M (-7.87%)
Netherlands-$1.3M (-41.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Hard Liquor were:
In 2022, Venezuela's main importing competitors in Hard Liquor were:

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

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

See methodology.

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