2022
Exports
falseWorld Rnk 137 / 214
Flag Rnk 28 / 665
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
ECONOMIC COMPLEXITY of Venezuela
-0.87Rnk 107 / 133

About

The fastest growing export markets for Refined Petroleum of Venezuela between 2021 and 2022 were Guyana ($11.3M), Norway ($26.5k), and Bahamas ($16.5k).

The fastest growing import markets in Refined Petroleum for Venezuela between 2021 and 2022 were United States ($54.6M), Colombia ($11.7M), and Turkey ($10.6M).

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 Refined Petroleum. 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)$16.3M

In N/A, Venezuela imported N/A in Refined Petroleum, mainly from United States ($97.8M), Colombia ($23M), Turkey ($14.6M), United Arab Emirates ($14M), and Brazil ($12.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Venezuela WERE (2021 - 2022):
Guyana$11.3M (226%)
Norway$26.5k (1%)
Bahamas$16.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Venezuela WERE (2021 - 2022):
United Arab Emirates-$37.3k (-100%)
Grenada-$3.51k (-40.7%)
Spain-$757 (-63.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Refined Petroleum were:
In 2022, Venezuela's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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