HS Icon Raw Sugar in  Flag Venezuela

2021
Exports | Imports
: $7.32M | $200M, World Rnk 85 / 170
Flag Rnk 36 / 651 | World Rnk 40 / 221
Flag Rnk 5 / 1031

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $7.32M | $22.9M, United States |  Brazil

2021
ECONOMIC COMPLEXITY of Venezuela
: -1.08, Rnk 110 / 131

2021
PRODUCT COMPLEXITY IN Raw Sugar
: -1.66, Rnk 970 / 1029

Exports In 2021, Venezuela exported $7.32M in Raw Sugar, making it the 85th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 36th most exported product in Venezuela. The main destination of Raw Sugar exports from Venezuela are: United States ($7.32M).

The fastest growing export markets for Raw Sugar of Venezuela between 2020 and 2021 were United States ($7.32M).

Imports In 2021, Venezuela imported $200M in Raw Sugar, becoming the 40th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 5th most imported product in Venezuela. Venezuela imports Raw Sugar primarily from: Brazil ($198M), Guatemala ($871k), Colombia ($774k), Costa Rica ($93.2k), and Nicaragua ($91k).

The fastest growing import markets in Raw Sugar for Venezuela between 2020 and 2021 were Brazil ($22.9M), Colombia ($604k), and Costa Rica ($93.2k).

Tariffs In 2018, the average tariff for Venezuela in Raw Sugar was 38.9%. The countries with the highest import tariffs for Raw Sugar were Angola (Most Favoured Nation duty rate treatment, 40%), Burundi (Most Favoured Nation duty rate treatment, 40%), Benin (Most Favoured Nation duty rate treatment, 40%), Burkina Faso (Most Favoured Nation duty rate treatment, 40%), and Botswana (Most Favoured Nation duty rate treatment, 40%).

Apr 2023

Subnational Monthly Trade

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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 Raw Sugar. 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

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EXPORTS (2021): $7.32M

IMPORTS (2021): $200M

NET TRADE (2021): -$193M

In 2021, Venezuela exported $7.32M in Raw Sugar. The main destinations of Venezuela exports on Raw Sugar were United States ($7.32M).

In 2021, Venezuela imported $200M in Raw Sugar, mainly from Brazil ($198M), Guatemala ($871k), Colombia ($774k), Costa Rica ($93.2k), and Nicaragua ($91k).

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THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Venezuela WERE (2020 - 2021):: United States, $7.32M (286k%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Venezuela WERE (2020 - 2021):: Austria, -$2 (-100%)

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Market Concentration

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In 2021, Venezuela's main exporting competitors in Raw Sugar were:

In 2021, Venezuela's main importing competitors in Raw Sugar were:

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