Trade in goods with USA SITC (Standard International Trade Classification)
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Venezuela trade flows with USA by SITC*) product sections during 2020/3 - 2020/7

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2020/3
%
2020/4
%
2020/5
%
2020/6
%
2020/7
%
Export0.10.10.10.10.1
Import0.00.00.00.00.0
Trade in Goods0.00.00.00.00.0

USA's foreign trade with Venezuela, exports to Venezuela and imports from Venezuela in Juli 2020


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In Juli Venezuela was USA's 81. largest foreign trade partner. Rise from the previous month 3 places. Most of the the value of trade consists of USA's exports to Venezuela. Amounting trade to worth of $103 million was 13.1 per cent bigger than in Juli of the previous year. During the month, the balance of trade with Venezuela was $82 million of surplus.

The value of imports from Venezuela decreased strongly, by 49.5 per cent compared to in Juli of the previous year. The import amounted to $11 million in Juli 2020. Major product categories of imports from Venezuela were Sitc034 (fish, fresh (live or dead), chilled or frozen), representing 33.5 percent of imports, Sitc037 (fish, crustaceans, molluscs and other aquatic invertebrates, prepared or preserved, n.e.s.) 23.7 % and Sitc112 (alcoholic beverages) 11.4 % of the imports.

The value of exports to Venezuela were 31.6 percent higher than in Juli of the previous year, thus amounting to $93 million. The largest product groups of exports were: Sitc764 (telecommunications equipment, n.e.s., and parts, n.e.s., and accessories of apparatus falling within division 76), which represented a share of 15.0 per cent of total exports, Sitc044 (maize (not including sweet corn), unmilled) 13.4 % and Sitc041 (wheat (including spelt) and meslin, unmilled) 12.5 % of the exports.

Development during January-Juli 2020

During January-Juli, trade in goods between the two countries declined sharply (-74.8 %) over the same period last year. The value of the trade was $676 million. During January-Juli the value of imports was $98 million. The export value was $578 million. Compared to the corresponding period in 2019, the value of both imports and exports decreased significantly. The decline in imports was -94.6 % and in the value of exports -32.8 %. The largest value in imports was in Sitc037 (fish, crustaceans, molluscs and other aquatic invertebrates, prepared or preserved, n.e.s.), worth $23 million. In export the largest value had Sitc764 (telecommunications equipment, n.e.s., and parts, n.e.s., and accessories of apparatus falling within division 76), worth being $73 million. The domestic trade balance between the two countries was in surplus, as it had remained in deficit in January-Juli of the previous year. The surplus was worth $480 million.


Table: USA's export to Venezuela (VE) during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 32,3 32.6 15,2 23.0 14,4 20.3 28,9 32.1 33,7 36.3
04. Cereals and cereal preparations 25,2 25.3 12,3 18.7 5,5 7.8 23,6 26.3 24,5 26.4
07. Coffee,tea,cocoa,spices 0,1 0.1 0,2 0.3 0,6 0.8 0,2 0.2 0,4 0.3
08. Feeding stuff for animals 3,9 3.8 0,4 0.6 4,2 5.9 1,2 1.2 4,7 5.0
09. Miscellaneous edible products and preparations 2,5 2.4 1,7 2.4 3,3 4.6 3,1 3.4 3,3 3.5
1. Beverages and tobacco 0,2 0.1 0,4 0.5 0,8 1.1 1,1 1.2 1,3 1.4
11. Beverages 0,1 0.1 0,3 0.4 0,7 0.9 0,7 0.7 0,8 0.8
12. Tobacco and tobacco manufactures 0,1 0.0 0,1 0.1 0,2 0.2 0,5 0.5 0,6 0.6
2. Crude materials,inedible,except fuels 4,10 5.0 8,5 12.9 3,10 5.5 6,2 6.9 4,1 4.4
22. Oil seeds,oleaginous fruits 3,1 3.1 6,9 10.4 2,2 3.0 4,3 4.8 3,7 3.9
25. Pulp and waste paper 1,5 1.5 1,6 2.3 1,5 2.0 1,6 1.7 0,2 0.1
3. Mineral fuels etc 4,2 4.2 2,2 3.3 2,0 2.8 2,6 2.8 1,8 1.9
33. Petroleum and products 4,2 4.2 2,2 3.3 2,0 2.8 2,6 2.8 1,8 1.9
4. Animal and vegetable oils and fats 4,4 4.4 11,8 17.9 0,1 0.1 4,1 4.5 0,1 0.0
42. Fixed vegetable fats and oils 4,4 4.4 11,8 17.9 0,1 0.1 4,1 4.5 0,1 0.0
5. Chemicals and related products,n.e.s. 8,7 8.7 5,6 8.5 7,6 10.7 6,8 7.5 7,3 7.8
51. Organic chemicals 0,6 0.5 0,4 0.5 0,5 0.6 0,5 0.5 0,6 0.6
52. Inorganic chemicals 0,1 0.0 0,2 0.2 0,2 0.2 0,4 0.4 0,6 0.5
54. Medicinal and pharmaceutical products 0,3 0.3 0,1 0.1 1,0 1.4 0,4 0.4 0,5 0.5
55. Perfume,cleaning etc.preparations 0,8 0.8 0,7 1.0 1,2 1.6 0,9 0.9 1,2 1.3
57. Plastics in primary forms 4,2 4.2 3,4 5.2 2,10 4.2 4,0 4.4 3,6 3.9
58. Plastics in non-primary forms 0,1 0.1 0,4 0.5 1,1 1.5 0,3 0.3 0,2 0.1
59. Chemical materials and products,n.e.s. 2,7 2.7 0,6 0.9 0,6 0.8 0,4 0.3 0,7 0.7
6. Basic manufactures 2,10 3.0 1,6 2.3 3,4 4.7 2,8 3.1 4,0 4.3
62. Rubber manufactures,n.e.s. 0,9 0.9 0,4 0.5 0,5 0.6 0,3 0.3 1,3 1.3
64. Paper,paperboard and articles thereof 0,8 0.8 0,8 1.2 1,4 1.9 1,1 1.1 0,5 0.5
65. Textile yarn,fabrics,made up articles,etc. 0,1 0.1 0,1 0.1 0,2 0.2 0,5 0.5 0,8 0.8
66. Non-metallic mineral manufactures,n.e.s. 0,6 0.6 0,2 0.3 0,4 0.5 0,2 0.2 0,2 0.1
69. Manufactures of metals,n.e.s. 0,4 0.3 0,2 0.2 1,0 1.4 0,10 1.0 1,1 1.1
7. Machinery,transport equipment 34,10 35.2 16,10 25.8 33,5 47.3 30,6 34.1 32,10 35.5
71. Power generating machinery and equipment 2,8 2.8 0,6 0.9 2,6 3.5 1,1 1.2 2,1 2.2
72. Machinery for specialized industries 2,4 2.4 1,2 1.7 1,0 1.4 3,2 3.5 2,5 2.6
74. General industrial machinery n.e.s. 3,10 4.0 2,10 4.5 3,4 4.7 2,8 3.1 3,3 3.5
75. Office machines and adp machines 6,1 6.1 1,2 1.8 1,8 2.4 1,6 1.7 2,9 3.0
76. Telecommunications and sound recording equipment 7,5 7.5 4,6 6.9 14,4 20.3 14,3 15.9 14,5 15.6
77. Electric machinery,n.e.s.and parts 2,8 2.8 1,6 2.4 2,5 3.5 2,5 2.7 2,7 2.9
78. Road vehicles 7,6 7.7 4,9 7.5 7,10 11.2 5,1 5.6 4,8 5.1
79. Other transport equipment 1,10 1.9 0,1 0.1 0,1 0.1 0,3 0.3 0,5 0.5
8. Miscellaneous manufactured articles 4,2 4.2 2,1 3.2 3,0 4.2 4,4 4.9 4,8 5.1
82. Furniture and parts thereof 0,10 0.9 0,4 0.6 0,4 0.5 0,9 0.9 1,1 1.2
84. Articles of apparel and clothing accessories 1,3 1.3 0,1 0.1 0,8 1.1 0,6 0.7 1,1 1.1
87. Instruments and apparates n.e.s. 0,5 0.5 0,3 0.5 0,5 0.6 0,10 1.0 0,6 0.6
89. Miscellaneous manufactured articles,n.e.s. 0,9 0.9 1,2 1.8 1,2 1.6 1,4 1.5 1,5 1.5
9. Goods not classified elsewhere 2,6 2.6 1,8 2.7 2,3 3.2 2,7 3.0 3,2 3.3
93. Special transactions and commodities not classified 0,7 0.6 0,5 0.7 0,9 1.2 0,9 1.0 1,3 1.4
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 1,10 2.0 1,4 2.0 1,4 2.0 1,8 2.0 1,9 2.0
0-9. All groups combined 99,1 100.0 65,8 100.0 70,6 100.0 89,8 100.0 92,8 100.0

Source: US Census Bureau

Table: Import from Venezuela (VE) to USA during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 8,8 57.3 4,8 53.4 8,0 83.8 10,7 39.1 7,6 71.2
03. Fish and fish preparations 8,4 54.8 4,5 49.4 7,5 78.5 9,6 35.0 6,6 62.5
07. Coffee,tea,cocoa,spices 0,3 1.4 0,3 2.3 0,1 0.3 0,6 1.8 0,7 5.7
1. Beverages and tobacco 0,10 6.0 1,5 16.1 0,4 4.1 0,5 1.5 1,3 11.4
11. Beverages 0,10 6.0 1,5 16.1 0,4 4.1 0,5 1.5 1,3 11.4
2. Crude materials,inedible,except fuels 1,3 8.5 0,7 7.4 0,6 6.3 0,6 2.0 1,1 10.4
29. Crude animal,vegetable materials n.e.s. 1,3 8.0 0,5 5.1 0,6 5.5 0,4 1.3 1,1 10.0
3. Mineral fuels etc 0,2 0.8 0,1 0.1 0 0.0 14,8 54.3 0,1 0.2
33. Petroleum and products 0,2 0.8 0,1 0.1 0 0.0 14,8 54.3 0,1 0.2
7. Machinery,transport equipment 2,6 16.9 1,5 16.4 0,5 4.4 0,5 1.7 0,4 3.7
77. Electric machinery,n.e.s.and parts 2,5 16.4 1,3 13.8 0,4 4.2 0,5 1.5 0,3 2.5
9. Goods not classified elsewhere 1,1 6.7 0,2 1.8 0,1 1.0 0,2 0.5 0,2 1.2
97. Gold,non-monetary 0,9 5.6 0 0.0 0 0.0 0 0.0 0 0.0
0-9. All groups combined 15,3 100.0 8,10 100.0 9,6 100.0 27,3 100.0 10,6 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2020 January - Juli (Sitc)

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