2022
Exports
$162MWorld Rnk 8 / 89
Flag Rnk 8 / 665
falsefalse Turkey
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$171kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2022
ECONOMIC COMPLEXITY of Venezuela
-0.87Rnk 107 / 133

About

Exports In 2022, Venezuela exported $162M in Iron Reductions, making it the 8th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 8th most exported product in Venezuela. The main destination of Iron Reductions exports from Venezuela are: Turkey ($105M), China ($24.1M), Germany ($17.4M), Portugal ($11M), and Spain ($1.88M).

The fastest growing export markets for Iron Reductions of Venezuela between 2021 and 2022 were Turkey ($93.3M), Germany ($2.45M), and Spain ($1.88M).

Imports In 2018, Venezuela imported $171k in Iron Reductions, becoming the 0th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 0th most imported product in Venezuela. Venezuela imports Iron Reductions primarily from: N/A.

Latest Trends

Sep 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 Iron Reductions. 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)$162M
IMPORTS (2018)$171k
NET TRADE (2022)$162M

In 2022, Venezuela exported $162M in Iron Reductions. The main destinations of Venezuela exports on Iron Reductions were Turkey ($105M), China ($24.1M), Germany ($17.4M), Portugal ($11M), and Spain ($1.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):
Turkey$93.3M (804%)
Germany$2.45M (16.4%)
Spain$1.88M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Venezuela WERE (2021 - 2022):
China-$86.3M (-78.2%)
Italy-$19.7M (-100%)
Portugal-$12.1M (-52.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Iron Reductions were:
In 2022, Venezuela's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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