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2022
Exports | Imports $87.1M | $10.3kWorld Rnk 29 / 128
Flag Rnk 13 / 665
World Rnk 107 / 130
Flag Rnk 968 / 1063
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $5.92M | $10.3kRomania |  China
2022
ECONOMIC COMPLEXITY of Venezuela-0.9Rnk 99 / 124
2022
PRODUCT COMPLEXITY IN Iron Ore-1.81Rnk 979 / 1025

About

Exports In 2022, Venezuela exported $87.1M in Iron Ore, making it the 29th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 13th most exported product in Venezuela. The main destination of Iron Ore exports from Venezuela are: China ($81.2M) and Romania ($5.92M).

The fastest growing export markets for Iron Ore of Venezuela between 2021 and 2022 were Romania ($5.92M).

Imports In 2022, Venezuela imported $10.3k in Iron Ore, becoming the 107th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 968th most imported product in Venezuela. Venezuela imports Iron Ore primarily from: China ($10.3k).

The fastest growing import markets in Iron Ore for Venezuela between N/A and 2022 were China ($10.3k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Iron Ore from Venezuela to the United States.

Latest Trends

Feb 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 Iron Ore. 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)$87.1M
IMPORTS (2022)$10.3k
NET TRADE (2022)$87.1M

In 2022, Venezuela exported $87.1M in Iron Ore. The main destinations of Venezuela exports on Iron Ore were China ($81.2M) and Romania ($5.92M).

In 2022, Venezuela imported $10.3k in Iron Ore, mainly from China ($10.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):Romania$5.92M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Venezuela WERE (2021 - 2022):
China-$258M (-76%)
Trinidad and Tobago-$2.92M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Venezuela's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

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