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2023
Exports $57MWorld Rnk 45 / 125
Flag Rnk 16 / 650
2023
Destination $9.74M Dominican Republic
2022 - 2023
FASTEST GROWING MARKET $9.74MColombia
2023
PRODUCT COMPLEXITY IN Semi-Finished Iron-0.94Rnk 812 / 1025
2023
Imports $4.37kWorld Rnk 158 / 189
Flag Rnk 996 / 1041
2023
Origin $4.16k Colombia
2022 - 2023
FASTEST GROWING ORIGIN $4.16kColombia
2023
ECONOMIC COMPLEXITY of Venezuela-0.82Rnk 100 / 132

About

Exports In 2023, Venezuela exported $57M in Semi-Finished Iron, making it the 45th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 16th most exported product in Venezuela. The main destination of Semi-Finished Iron exports from Venezuela are: Dominican Republic ($28.2M), Guatemala ($19M), and Colombia ($9.74M).

The fastest growing export markets for Semi-Finished Iron of Venezuela between 2022 and 2023 were Colombia ($9.74M).

Imports In 2023, Venezuela imported $4.37k in Semi-Finished Iron, becoming the 158th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 996th most imported product in Venezuela. Venezuela imports Semi-Finished Iron primarily from: Colombia ($4.16k), Brazil ($175), and Turkey ($36).

The fastest growing import markets in Semi-Finished Iron for Venezuela between 2022 and 2023 were Colombia ($4.16k) and Turkey ($36).

Latest Trends

Jan 2025

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 Semi-Finished Iron. 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)$57M
IMPORTS (2023)$4.37k
NET TRADE (2023)$57M

In 2023, Venezuela exported $57M in Semi-Finished Iron. The main destinations of Venezuela exports on Semi-Finished Iron were Dominican Republic ($28.2M), Guatemala ($19M), and Colombia ($9.74M).

In 2023, Venezuela imported $4.37k in Semi-Finished Iron, mainly from Colombia ($4.16k), Brazil ($175), and Turkey ($36).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Venezuela WERE (2022 - 2023):Colombia$9.74M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Venezuela WERE (2022 - 2023):
Guatemala-$39.8M (-67.7%)
Egypt-$22.1M (-100%)
Dominican Republic-$19.2M (-40.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Venezuela's main exporting competitors in Semi-Finished Iron were:
Russia $6.75B
Oman $3.27B
Brazil $3.13B
In 2023, Venezuela's main importing competitors in Semi-Finished Iron were:
Turkey $3.36B
United States $2.81B
Indonesia $2.13B

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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