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Venezuela import Statistics

Venezuela Import Data

The Bolivarian Republic of Venezuela is another name for Venezuela. Venezuela is a country on South America's northern coast. Its borders are shared by Brazil, Colombia, the Atlantic Ocean, and the Caribbean Sea. In terms of complexity, the nation is ranked 105th in the globe. According to Venezuela trade data, Venezuela ranked 107th out of 226 nations in total imports in 2023. In today's globalized world, trade plays a vital role in the economic growth of a country. Import data provides valuable insights into a country's trade activities and can be a powerful tool for businesses and government agencies alike. For businesses operating in Venezuela, import data is a valuable resource. It helps them identify potential market opportunities and gauge the demand for specific products. This data can assist businesses in making informed decisions about sourcing suppliers, planning inventory, and developing marketing strategies.

According to Venezuela's import data, Venezuela's imported goods are worth $16.1 billion in 2023, a 5% increase from the previous year. Venezuela’s total GDP is $92.21 billion, with a GDP import share of 25.51%. Electrical machinery and equipment are Venezuela’s biggest import, while the USA is its biggest import partner. Venezuela is a part of trading blocs such as the Mercosur. Let us now delve into Venezuela's import data, exploring its significance, sources, and import trends that the data reveals for 2023.

Venezuela Customs Import Data | Venezuela Trade Shipment Data

107

The country has been ranked 107th in global imports, showing a significant position in the international trade landscape and import market.

0.01%

With a mere 0.01% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.

USA

The USA holds a significant role as the largest import partner of the country in terms of goods imports and import share.

ELECTRICAL MACHINERY AND EQUIPMENT

Electrical machinery and equipment are the biggest import commodities of the country, playing a vital role in its economy.

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Top 10 Imports of Venezuela | Venezuela Import Data by HS Code

Venezuela, a South American nation known for its rich oil reserves, has a diverse range of imports that contribute to its economy. Electrical machinery takes the lead as the most significant import category. The top 10 imports of Venezuela in 2023, according to Venezuela import data and Venezuela customs data are:

  • Electrical machinery and equipment (HS Code 85): 11.17% ($1.26 billion)
  • Nuclear reactors and machinery (HS Code 84): 9.9% ($1.11 billion)
  • Vehicles (HS Code 87): 7.48% ($845.29 million)
  • Cereals (HS Code 10): 6.69% ($755.92 million)
  • Mineral fuels and oils (HS Code 27): 5.89% ($665.30 million)
  • Plastics and articles thereof (HS Code 39): 4.55% ($513.76 million)
  • Prepared animal fodder (HS Code 23): 3.44% ($388.77 million)
  • Preparations of cereals, flour, and pastrycooks' products (HS Code 19): 3.1% ($350.03 million)
  • Animal or vegetable fats and oils (HS Code 15): 2.59% ($292.58 million)
  • Pharmaceutical products (HS Code 30): 2.36% ($266.49 million)
    • Partners

    Top 10 Import Partners of Venezuela | Venezuela Import Data by Country

    Venezuela's import partners play a crucial role in shaping its international trade landscape, based on Venezuela’s trade activities. These countries not only supply Venezuela with vital goods but also contribute to its economic growth and facilitate the exchange of expertise and technology. Venezuela’s top 10 import partners in 2023 according to Venezuela import data include:

    Value In Percentage(%)

  • USA: 20% (1.2 billion US$)
  • China: 18% (1.08 billion US$)
  • Brazil: 15% (900 million US$)
  • Mexico: 12% (720 million US$)
  • Colombia: 10% (600 million US$)
  • Turkey: 4% (240 million US$)
  • Argentina: 3% (180 million US$)
  • Peru: 3% (180 million US$)
  • Spain: 2% (120 million US$)
  • Germany: 2% (120 million US$)
    • Sample Data

    The Significance of Venezuela Customs Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Venezuela import data which comes under the customs data refers to the detailed information on goods and services imported into the country. This customs data provides a comprehensive overview of Venezuela's import trade activities, including the types of products imported, their quantities, origin countries, and the customs value of these imports. Venezuela's import data offers valuable insights into the country's economic trends and trade patterns. By analyzing import data, economists, policymakers, and businesses can gain a deeper understanding of the country's economic health and make informed decisions regarding investments, trade policies, and market strategies. According to Venezuela's customs data, Venezuela imported goods worth $16.1 billion in 2023. The information we provide you on Venezuelan import data and shipment data is highly helpful and educational. All of the information in our database is derived from recently updated shipping bills, invoices, and other crucial transaction documents. You will undoubtedly find our database and information to be very helpful in identifying the ideal market for gauging possible gains and market risks. We obtain trustworthy data from organizations, other shipping firms, and Venezuela's customs ports. Venezuelan import data includes many fields, such as HS codes, product descriptions, prices and quantities, port names, and currency values. So, as you can see, we obtain trustworthy data from organizations, shipping businesses, and customs ports. The trade data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, importers/exporters names and addresses, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of the trade data for your convenience and greater understanding so that you can see what the trade data or customs data looks like as a whole, with complete details.

    Venezuela Import Data
    ID 41288 MONTH MAY-22
    RECORD 9319 BL 9319
    IMPORTER KANTAL, S.A. HS CODE 0106190000
    PRODUCT DESCRIPTION The others QTY 45
    UNIT KGM NET WEIGHT 45
    GROSS WEIGHT 45 US$ FOB BOLIVARES 5163
    US$ FOB 1083 US$ CIF BOLIVARES 5163
    US CIF 1070 UNLOADING PORT MAIQUETIA
    TRANSPORT TYPE TRANSPORTE AEREO EMBARQ PORT MADRID
    ORIGIN COUNTRY CZECH REPUBLIC ADQ COUNTRY CZECH REPUBLIC
    Benefits

    Benefits of Venezuela Import Data

  • Expand your firm into the Venezuela Import Market.
  • View Venezuela's most recent product demand and price projections.
  • Track and Examine the Shipment History of Your Rivals.
  • Give your marketing plan an approach based on data.
  • Create a powerful brand identity in Venezuela.
  • Create more ROI and long-term business goals.

    • Frequently Asked Questions!!

    Venezuela import data refers to the records and trade statistics of all the goods and products that are brought into the country from foreign countries. Venezuela trade records are important for accessing data on Venezuela's imports globally. 

    Venezuela's import data or Venezuela customs data is important for various reasons, such as tracking the country's trade balance, identifying potential markets for domestic businesses, and monitoring the impact of international trade on the country's economy.

    Venezuela import data is collected by the country's customs department, which keeps a record of all the goods that enter the country, including their origin, value, and quantity.

    According to Venezuela trade statistics, Venezuela's import data includes all types of products, including raw materials, machinery, consumer goods, and agricultural products, that are brought into the country from foreign markets.

    According to Venezuela trade activities, the top countries that Venezuela imports from are the United States, China, Brazil, Colombia, and Turkey.

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