2023
Exports
$1.55MWorld Rnk 117 / 221
Flag Rnk 80 / 650
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$19.9MWorld Rnk 125 / 224
Flag Rnk 104 / 1041
2023
ECONOMIC COMPLEXITY of Venezuela
-0.82Rnk 100 / 132

About

Exports In 2023, Venezuela exported $1.55M in Excavation Machinery, making it the 117th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 80th most exported product in Venezuela. The main destination of Excavation Machinery exports from Venezuela are: Thailand ($1.5M), Suriname ($13.9k), El Salvador ($13.2k), Singapore ($7.9k), and Slovenia ($4.33k).

The fastest growing export markets for Excavation Machinery of Venezuela between 2022 and 2023 were Thailand ($1.5M), Suriname ($13.9k), and El Salvador ($11.9k).

Imports In 2023, Venezuela imported $19.9M in Excavation Machinery, becoming the 125th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 104th most imported product in Venezuela. Venezuela imports Excavation Machinery primarily from: China ($14.6M), United States ($1.79M), Germany ($900k), Colombia ($539k), and Spain ($530k).

The fastest growing import markets in Excavation Machinery for Venezuela between 2022 and 2023 were China ($10.5M), United States ($972k), and Colombia ($422k).

Latest Trends

Dec 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 Excavation Machinery. 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 (2023)$1.55M
IMPORTS (2023)$19.9M
NET TRADE (2023)-$18.4M

In 2023, Venezuela exported $1.55M in Excavation Machinery. The main destinations of Venezuela exports on Excavation Machinery were Thailand ($1.5M), Suriname ($13.9k), El Salvador ($13.2k), Singapore ($7.9k), and Slovenia ($4.33k).

In 2023, Venezuela imported $19.9M in Excavation Machinery, mainly from China ($14.6M), United States ($1.79M), Germany ($900k), Colombia ($539k), and Spain ($530k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Venezuela WERE (2022 - 2023):
Thailand$1.5M (1%)
Suriname$13.9k (1%)
El Salvador$11.9k (913%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Venezuela WERE (2022 - 2023):
Saudi Arabia-$537k (-100%)
Chile-$26.2k (-100%)
Argentina-$15k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Venezuela's main exporting competitors in Excavation Machinery were:
In 2023, Venezuela's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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