2022
Exports
$564MWorld Rnk 17 / 212
Flag Rnk 1 / 665
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$19.4kWorld Rnk 158 / 187
Flag Rnk 932 / 1063
2022
ECONOMIC COMPLEXITY of Venezuela
-0.87Rnk 107 / 133

About

Exports In 2022, Venezuela exported $564M in Scrap Iron, making it the 17th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 1st most exported product in Venezuela. The main destination of Scrap Iron exports from Venezuela are: Turkey ($404M), India ($85.2M), Thailand ($24.6M), Spain ($17.6M), and Chinese Taipei ($14.1M).

The fastest growing export markets for Scrap Iron of Venezuela between 2021 and 2022 were India ($45.6M), Turkey ($43M), and Spain ($13.2M).

Imports In 2022, Venezuela imported $19.4k in Scrap Iron, becoming the 158th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 932nd most imported product in Venezuela. Venezuela imports Scrap Iron primarily from: United States ($19.4k).

The fastest growing import markets in Scrap Iron for Venezuela between 2021 and 2022 were United States ($19.4k).

Latest Trends

Oct 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 Scrap Iron. 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)$564M
IMPORTS (2022)$19.4k
NET TRADE (2022)$564M

In 2022, Venezuela exported $564M in Scrap Iron. The main destinations of Venezuela exports on Scrap Iron were Turkey ($404M), India ($85.2M), Thailand ($24.6M), Spain ($17.6M), and Chinese Taipei ($14.1M).

In 2022, Venezuela imported $19.4k in Scrap Iron, mainly from United States ($19.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):
India$45.6M (115%)
Turkey$43M (11.9%)
Spain$13.2M (305%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Venezuela WERE (2021 - 2022):
Italy-$59.4M (-91.2%)
Chinese Taipei-$32.7M (-69.9%)
Kuwait-$15.5M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Scrap Iron were:
In 2022, Venezuela's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

Scrap Iron’s highest export potential is N/A. With an export gap of N/A.   Scrap Iron’s highest import potential is N/A with an import gap of N/A.

See methodology.

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