2021
Exports | Imports
$342M | $10.3kWorld Rnk 21 / 130
Flag Rnk 3 / 651
World Rnk 0 / 0
Flag Rnk 0 / 0
2021
ECONOMIC COMPLEXITY of Venezuela
-1.08Rnk 110 / 131
2021
PRODUCT COMPLEXITY IN Iron Ore
-1.83Rnk 982 / 1024

About

Exports In 2021, Venezuela exported $342M in Iron Ore, making it the 21st largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 3rd most exported product in Venezuela. The main destination of Iron Ore exports from Venezuela are: China ($339M) and Trinidad and Tobago ($2.9M).

The fastest growing export markets for Iron Ore of Venezuela between 2020 and 2021 were China ($261M) and Trinidad and Tobago ($2.9M).

Imports In 2018, Venezuela imported $10.3k in Iron Ore, becoming the 0th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 0th most imported product in Venezuela. Venezuela imports Iron Ore primarily from: N/A.

Latest Trends

Dec 2023

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 (2021)$342M
IMPORTS (2018)$10.3k
NET TRADE (2021)$342M

In 2021, Venezuela exported $342M in Iron Ore. The main destinations of Venezuela exports on Iron Ore were China ($339M) and Trinidad and Tobago ($2.9M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Venezuela WERE (2020 - 2021):
China$261M (336%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Venezuela's main exporting competitors in Iron Ore were:
In 2021, Venezuela's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

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