2021
Exports
$46.1kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2021
Imports
$185MWorld Rnk 19 / 212
Flag Rnk 9 / 1041
2023
ECONOMIC COMPLEXITY of Venezuela
-0.82Rnk 100 / 132

About

Imports In 2023, Venezuela imported $185M in Soybean Oil, becoming the 19th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 9th most imported product in Venezuela. Venezuela imports Soybean Oil primarily from: Brazil ($146M), Turkey ($14.6M), Colombia ($12.7M), Paraguay ($11.2M), and United States ($11.9k).

The fastest growing import markets in Soybean Oil for Venezuela between 2022 and 2023 were Turkey ($14.6M), Paraguay ($7.7M), and Lebanon ($1.01k).

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 Soybean Oil. 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 (2021)$46.1k
IMPORTS (2023)$185M
NET TRADE (2023)-$185M

In 2023, Venezuela imported $185M in Soybean Oil, mainly from Brazil ($146M), Turkey ($14.6M), Colombia ($12.7M), Paraguay ($11.2M), and United States ($11.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Venezuela's main exporting competitors in Soybean Oil were:
In 2023, Venezuela's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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