India / Venezuela

Overview In June 2024, India exported $15M and imported $166M from Venezuela, resulting in a negative trade balance of $151M. Between June 2023 and June 2024 the exports of India have decreased by $-1.73M (-10.3%) from $16.8M to $15M, while imports increased by $158M (1.93k%) from $8.18M to $166M.

Trade In June 2024, the top exports of India to Venezuela were Drug Formulations, Biologicals ($8.06M), Cotton Fabrics, Madeups Etc. ($637k), Paper, Paper Board And Product ($452k), Ceramics And Allied Products ($395k), and Agro Chemicals ($331k). In June 2024 the top imports of India from Venezuela were Petroleum Products ($10.4M), Aluminium, Products Of Aluminm ($990k), Copper And Prdcts Made Of Copr ($886k), Iron And Steel ($770k), and Pulses ($238k).

Growth In June 2024, the decrease in India's year-by-year exports to Venezuela was explained primarily by an decrease in product exports in Drug Formulations, Biologicals ($-1.54M or -16.1%), Cotton Fabrics, Madeups Etc. ($-1.28M or -66.8%), and Manmade Yarn,Fabrics,Madeups ($-204k or -81.4%). In June 2024, the increase in India's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in Aluminium, Products Of Aluminm ($184k or 22.8%), Plywood And Allied Products ($143k or 329%), and Zinc And Products Made Of Zinc ($45.6k or 78.6%).