2021
Exports | Imports
$185M | $171kWorld Rnk 10 / 86
Flag Rnk 5 / 651
World Rnk 0 / 0
Flag Rnk 0 / 0
2021
ECONOMIC COMPLEXITY of Venezuela
-1.08Rnk 110 / 131
2021
PRODUCT COMPLEXITY IN Iron Reductions
-1.33Rnk 916 / 1024

About

Exports In 2021, Venezuela exported $185M in Iron Reductions, making it the 10th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 5th most exported product in Venezuela. The main destination of Iron Reductions exports from Venezuela are: China ($109M), Portugal ($23M), Italy ($22.4M), Germany ($14.9M), and Turkey ($11.6M).

The fastest growing export markets for Iron Reductions of Venezuela between 2020 and 2021 were Italy ($20.5M), Turkey ($11.6M), and Germany ($6.95M).

Imports In 2018, Venezuela imported $171k in Iron Reductions, becoming the 0th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 0th most imported product in Venezuela. Venezuela imports Iron Reductions 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 Reductions. 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)$185M
IMPORTS (2018)$171k
NET TRADE (2021)$185M

In 2021, Venezuela exported $185M in Iron Reductions. The main destinations of Venezuela exports on Iron Reductions were China ($109M), Portugal ($23M), Italy ($22.4M), Germany ($14.9M), and Turkey ($11.6M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Venezuela WERE (2020 - 2021):
Italy$20.5M (1.03k%)
Turkey$11.6M (1%)
Germany$6.95M (87.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Venezuela WERE (2020 - 2021):
China-$127M (-53.7%)
Portugal-$1.86M (-7.48%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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

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Trade Value of Iron Reductions by Exporters

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