Refined Petroleum in Venezuela 2021 Exports | Imports : $2.93M | $232M, World Rnk 150 / 218 Rnk 55 / 651 | World Rnk 147 / 226 Rnk 3 / 1031
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $357k | $17M, Guyana | United States
2021 ECONOMIC COMPLEXITY of Venezuela: -1.08, Rnk 110 / 131
2021 PRODUCT COMPLEXITY IN Refined Petroleum: -0.92, Rnk 817 / 1029
Exports In 2021, Venezuela exported $2.93M in Refined Petroleum, making it the 150th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 55th most exported product in Venezuela. The main destination of Refined Petroleum exports from Venezuela are: Guyana ($2.89M), United Arab Emirates ($37k), Grenada ($8.6k), Spain ($1.18k), and Indonesia ($445).
The fastest growing export markets for Refined Petroleum of Venezuela between 2020 and 2021 were Guyana ($357k), United Arab Emirates ($37k), and Spain ($1.18k).
Imports In 2021, Venezuela imported $232M in Refined Petroleum, becoming the 147th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Venezuela. Venezuela imports Refined Petroleum primarily from: India ($141M), United States ($43.2M), Colombia ($11.4M), Brazil ($9.98M), and United Arab Emirates ($6.37M).
The fastest growing import markets in Refined Petroleum for Venezuela between 2020 and 2021 were United States ($17M), Colombia ($5.23M), and Brazil ($3.78M).
Tariffs In 2018, the average tariff for Venezuela in Refined Petroleum was 0.26%. The countries with the highest import tariffs for Refined Petroleum were Mexico (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 4.4%), Panama (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 4%), Angola (Most Favoured Nation duty rate treatment, 0.24%), Burundi (Most Favoured Nation duty rate treatment, 0.24%), and Benin (Most Favoured Nation duty rate treatment, 0.24%).
Apr 2023
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 Refined Petroleum. Countries are shown based on data availability.
* Using January 2020 exchange rates when trade data is reported in local currency.
EXPORTS (2021): $2.93M
IMPORTS (2021): $232M
NET TRADE (2021): -$229M
In 2021, Venezuela exported $2.93M in Refined Petroleum. The main destinations of Venezuela exports on Refined Petroleum were Guyana ($2.89M), United Arab Emirates ($37k), Grenada ($8.6k), Spain ($1.18k), and Indonesia ($445).
In 2021, Venezuela imported $232M in Refined Petroleum, mainly from India ($141M), United States ($43.2M), Colombia ($11.4M), Brazil ($9.98M), and United Arab Emirates ($6.37M).
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Venezuela WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Venezuela WERE (2020 - 2021):
In 2021, Venezuela's main exporting competitors in Refined Petroleum were:
In 2021, Venezuela's main importing competitors in Refined Petroleum were:
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