2023
Exports
$53.2MWorld Rnk 77 / 223
Flag Rnk 17 / 650
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$47.9MWorld Rnk 125 / 225
Flag Rnk 46 / 1041
2023
ECONOMIC COMPLEXITY of Venezuela
-0.82Rnk 100 / 132

About

Exports In 2023, Venezuela exported $53.2M in Insulated Wire, making it the 77th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 17th most exported product in Venezuela. The main destination of Insulated Wire exports from Venezuela are: United States ($52.2M), Colombia ($946k), Canada ($33k), Saudi Arabia ($20.5k), and Netherlands ($7.86k).

The fastest growing export markets for Insulated Wire of Venezuela between 2022 and 2023 were Colombia ($72.7k), Canada ($33k), and Saudi Arabia ($20.5k).

Imports In 2023, Venezuela imported $47.9M in Insulated Wire, becoming the 125th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 46th most imported product in Venezuela. Venezuela imports Insulated Wire primarily from: China ($38.7M), United States ($4.04M), Brazil ($2.65M), Turkey ($611k), and Colombia ($536k).

The fastest growing import markets in Insulated Wire for Venezuela between 2022 and 2023 were China ($10.8M), Brazil ($1.43M), and United States ($1.36M).

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 Insulated Wire. 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)$53.2M
IMPORTS (2023)$47.9M
NET TRADE (2023)$5.31M

In 2023, Venezuela exported $53.2M in Insulated Wire. The main destinations of Venezuela exports on Insulated Wire were United States ($52.2M), Colombia ($946k), Canada ($33k), Saudi Arabia ($20.5k), and Netherlands ($7.86k).

In 2023, Venezuela imported $47.9M in Insulated Wire, mainly from China ($38.7M), United States ($4.04M), Brazil ($2.65M), Turkey ($611k), and Colombia ($536k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Venezuela WERE (2022 - 2023):
Colombia$72.7k (8.32%)
Canada$33k (94.3k%)
Saudi Arabia$20.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Venezuela WERE (2022 - 2023):
United States-$17.9M (-25.5%)
Poland-$87.9k (-100%)
Netherlands-$81.7k (-91.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Venezuela's main exporting competitors in Insulated Wire were:
In 2023, Venezuela's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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