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2022
Exports $45.3kWorld Rnk 120 / 195
Flag Rnk 275 / 665
2022
Destination $36.3k El Salvador
2021 - 2022
FASTEST GROWING MARKET $36.3kEl Salvador
2022
PRODUCT COMPLEXITY IN Lubricating Products1.61Rnk 36 / 1025
2022
Imports $4.08MWorld Rnk 110 / 224
Flag Rnk 301 / 1063
2022
Origin $657k United States
2021 - 2022
FASTEST GROWING ORIGIN $657kFrance
2022
ECONOMIC COMPLEXITY of Venezuela-0.87Rnk 107 / 133

About

Exports In 2022, Venezuela exported $45.3k in Lubricating Products, making it the 120th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 275th most exported product in Venezuela. The main destination of Lubricating Products exports from Venezuela are: El Salvador ($36.3k), Malaysia ($6.58k), Bahamas ($1.89k), and Spain ($463).

The fastest growing export markets for Lubricating Products of Venezuela between 2021 and 2022 were El Salvador ($36.3k), Malaysia ($6.58k), and Bahamas ($1.89k).

Imports In 2022, Venezuela imported $4.08M in Lubricating Products, becoming the 110th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 301st most imported product in Venezuela. Venezuela imports Lubricating Products primarily from: United States ($1.6M), France ($1.52M), Canada ($231k), Colombia ($186k), and Germany ($123k).

The fastest growing import markets in Lubricating Products for Venezuela between 2021 and 2022 were France ($657k), United States ($373k), and Canada ($70.6k).

Latest Trends

Jul 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 Lubricating Products. 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)$45.3k
IMPORTS (2022)$4.08M
NET TRADE (2022)-$4.03M

In 2022, Venezuela exported $45.3k in Lubricating Products. The main destinations of Venezuela exports on Lubricating Products were El Salvador ($36.3k), Malaysia ($6.58k), Bahamas ($1.89k), and Spain ($463).

In 2022, Venezuela imported $4.08M in Lubricating Products, mainly from United States ($1.6M), France ($1.52M), Canada ($231k), Colombia ($186k), and Germany ($123k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):
El Salvador$36.3k (1%)
Malaysia$6.58k (1%)
Bahamas$1.89k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Venezuela WERE (2021 - 2022):
Colombia-$15.7k (-100%)
Peru-$10.6k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Lubricating Products were:
Germany $2.32B
United States $1.94B
Japan $1.24B
In 2022, Venezuela's main importing competitors in Lubricating Products were:
China $1.71B
Germany $676M
Mexico $433M

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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