2022
Exports
$9.96kWorld Rnk 153 / 196
Flag Rnk 395 / 665
2022
PRODUCT COMPLEXITY IN Wine
-1.04Rnk 845 / 1025
2022
Imports
$18.3MWorld Rnk 85 / 225
Flag Rnk 103 / 1063
2022
ECONOMIC COMPLEXITY of Venezuela
-0.87Rnk 107 / 133

About

Exports In 2022, Venezuela exported $9.96k in Wine, making it the 153rd largest exporter of Wine in the world. At the same year, Wine was the 395th most exported product in Venezuela. The main destination of Wine exports from Venezuela are: Malaysia ($8.11k), Trinidad and Tobago ($1.41k), Spain ($286), Paraguay ($130), and Canada ($19).

The fastest growing export markets for Wine of Venezuela between 2021 and 2022 were Malaysia ($5.6k), Trinidad and Tobago ($1.39k), and Spain ($286).

Imports In 2022, Venezuela imported $18.3M in Wine, becoming the 85th largest importer of Wine in the world. At the same year, Wine was the 103rd most imported product in Venezuela. Venezuela imports Wine primarily from: Spain ($6.74M), Italy ($3.67M), Chile ($3.38M), Argentina ($2.74M), and France ($606k).

The fastest growing import markets in Wine for Venezuela between 2021 and 2022 were Spain ($1.08M), Italy ($556k), and Chile ($540k).

COMPANIES In 2023, leading companies such as Gallo Family Vineyards (544) were at the forefront of shipping Wine from Venezuela to the United States.

Latest Trends

Oct 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 Wine. 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)$9.96k
IMPORTS (2022)$18.3M
NET TRADE (2022)-$18.3M

In 2022, Venezuela exported $9.96k in Wine. The main destinations of Venezuela exports on Wine were Malaysia ($8.11k), Trinidad and Tobago ($1.41k), Spain ($286), Paraguay ($130), and Canada ($19).

In 2022, Venezuela imported $18.3M in Wine, mainly from Spain ($6.74M), Italy ($3.67M), Chile ($3.38M), Argentina ($2.74M), and France ($606k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wine EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):
Malaysia$5.6k (223%)
Trinidad and Tobago$1.39k (6.03k%)
Spain$286 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wine BY Venezuela WERE (2021 - 2022):
United States-$39.1k (-100%)
Maldives-$3.24k (-100%)
Poland-$2.83k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Wine were:
France $13.1B
Italy $8.32B
Spain $3.25B
In 2022, Venezuela's main importing competitors in Wine were:

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Trade Value of Wine by Exporters

Potential Exports

Potential Exports

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

See methodology.

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