2023
Exports
$38.8MWorld Rnk 47 / 153
Flag Rnk 19 / 650
2023
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.54Rnk 355 / 1025
2023
Imports
$7.93MWorld Rnk 128 / 211
Flag Rnk 199 / 1041
2023
ECONOMIC COMPLEXITY of Venezuela
-0.82Rnk 100 / 132

About

Exports In 2023, Venezuela exported $38.8M in Hot-Rolled Iron, making it the 47th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 19th most exported product in Venezuela. The main destination of Hot-Rolled Iron exports from Venezuela are: Brazil ($21.5M), Turkey ($14.6M), and Colombia ($2.72M).

The fastest growing export markets for Hot-Rolled Iron of Venezuela between 2022 and 2023 were Brazil ($21.5M), Turkey ($14.6M), and Colombia ($215k).

Imports In 2023, Venezuela imported $7.93M in Hot-Rolled Iron, becoming the 128th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 199th most imported product in Venezuela. Venezuela imports Hot-Rolled Iron primarily from: China ($5.86M), Colombia ($1.21M), Brazil ($847k), and Dominican Republic ($20.7k).

The fastest growing import markets in Hot-Rolled Iron for Venezuela between 2022 and 2023 were China ($4.39M), Brazil ($769k), and Dominican Republic ($20.7k).

Latest Trends

Jan 2025

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 Hot-Rolled Iron. 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 (2023)$38.8M
IMPORTS (2023)$7.93M
NET TRADE (2023)$30.9M

In 2023, Venezuela exported $38.8M in Hot-Rolled Iron. The main destinations of Venezuela exports on Hot-Rolled Iron were Brazil ($21.5M), Turkey ($14.6M), and Colombia ($2.72M).

In 2023, Venezuela imported $7.93M in Hot-Rolled Iron, mainly from China ($5.86M), Colombia ($1.21M), Brazil ($847k), and Dominican Republic ($20.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Venezuela WERE (2022 - 2023):
Brazil$21.5M (1%)
Turkey$14.6M (1%)
Colombia$215k (8.55%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Venezuela's main exporting competitors in Hot-Rolled Iron were:
China $16.4B
Japan $10.4B
In 2023, Venezuela's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

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

Hot-Rolled Iron’s highest export potential is N/A. With an export gap of N/A.   Hot-Rolled Iron’s highest import potential is N/A with an import gap of N/A.

See methodology.

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