Trade in goods with USA SITC (Standard International Trade Classification)
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Venezuela trade flows with USA by SITC*) product sections during 2020/7 - 2020/11

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


Share of USA's2020/7
%
2020/8
%
2020/9
%
2020/10
%
2020/11
%
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 November 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 November Venezuela was USA's 82. 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 $126 million was 1.6 per cent bigger than in November of the previous year. During the month, the balance of trade with Venezuela was $95 million of surplus.

The value of imports from Venezuela decreased by 24.0 per cent compared to in November of the previous year, thus amounting to $15 million in November 2020. Major product categories of imports from Venezuela were Sitc037 (fish, crustaceans, molluscs and other aquatic invertebrates, prepared or preserved, n.e.s.), representing 30.6 percent of imports, Sitc034 (fish, fresh (live or dead), chilled or frozen) 26.3 % and Sitc773 (equipment for distributing electricity, n.e.s.) 10.5 % of the imports.

The value of exports to Venezuela were 6.6 percent higher than in November of the previous year, thus amounting to $110 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 17.0 per cent of total exports, Sitc042 (rice) 8.8 % and Sitc098 (edible products and preparations, n.e.s.) 6.2 % of the exports.

Development during January-November 2020

During January-November, trade in goods between the two countries declined sharply (-63.1 %) over the same period last year. The value of the trade was $1.2 billion. During January-November the value of imports was $155 million. The export value was $998 million. Compared to the corresponding period in 2019, the value of both imports and exports decreased significantly. The decline in imports was -91.9 % and in the value of exports -17.8 %. The largest value in imports was in Sitc034 (fish, fresh (live or dead), chilled or frozen), worth $36 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 $148 million. The domestic trade balance between the two countries was in surplus, as it had remained in deficit in January-November of the previous year. The surplus was worth $843 million.


Table: USA's export to Venezuela (VE) during 2020/7 - 2020/11

2020 / 72020 / 82020 / 92020 / 102020 / 11
million $%million $%million $%million $%million $%
0. Food and live animals 33,7 36.3 31,2 29.5 11,6 15.8 44,4 33.9 27,5 24.9
04. Cereals and cereal preparations 24,5 26.4 18,4 17.3 5,7 7.7 26,4 20.1 13,1 11.8
05. Vegetables and fruit 0,5 0.5 0,6 0.5 0,7 0.8 1,0 0.8 0,8 0.7
07. Coffee,tea,cocoa,spices 0,4 0.3 0,5 0.4 0,2 0.2 0,3 0.2 0,6 0.5
08. Feeding stuff for animals 4,7 5.0 6,4 6.0 1,2 1.5 10,7 8.2 5,7 5.1
09. Miscellaneous edible products and preparations 3,3 3.5 4,8 4.5 3,8 5.0 5,4 4.1 6,9 6.2
1. Beverages and tobacco 1,3 1.4 1,7 1.6 0,10 1.2 1,2 0.9 2,3 2.0
11. Beverages 0,8 0.8 0,8 0.7 0,6 0.8 0,8 0.6 1,6 1.4
12. Tobacco and tobacco manufactures 0,6 0.6 1,0 0.9 0,4 0.5 0,5 0.3 0,8 0.7
2. Crude materials,inedible,except fuels 4,1 4.4 0,7 0.6 2,6 3.4 3,2 2.4 2,3 2.0
22. Oil seeds,oleaginous fruits 3,7 3.9 0,1 0.0 1,8 2.4 2,3 1.7 0 0.0
26. Textile fibres and their wastes 0,2 0.2 0,4 0.3 0,4 0.5 0,6 0.4 1,0 0.9
29. Crude animal,vegetable materials n.e.s. 0,1 0.1 0,2 0.2 0,1 0.1 0,2 0.1 0,8 0.7
3. Mineral fuels etc 1,8 1.9 1,10 1.8 1,8 2.4 1,8 1.3 1,7 1.5
33. Petroleum and products 1,8 1.9 1,10 1.8 1,8 2.4 1,8 1.3 1,7 1.5
4. Animal and vegetable oils and fats 0,1 0.0 10,7 10.1 0,1 0.1 4,8 3.6 3,4 3.0
42. Fixed vegetable fats and oils 0,1 0.0 10,7 10.1 0,1 0.0 4,8 3.6 3,4 3.0
5. Chemicals and related products,n.e.s. 7,3 7.8 10,0 9.5 9,9 13.4 7,7 5.8 9,5 8.5
51. Organic chemicals 0,6 0.6 0,6 0.5 0,5 0.7 0,7 0.5 0,5 0.4
52. Inorganic chemicals 0,6 0.5 0,8 0.7 0,2 0.3 0,2 0.1 0,7 0.6
54. Medicinal and pharmaceutical products 0,5 0.5 0,9 0.8 0,8 1.1 0,8 0.5 1,0 0.9
55. Perfume,cleaning etc.preparations 1,2 1.3 2,0 1.9 2,2 2.9 2,1 1.6 2,3 2.0
57. Plastics in primary forms 3,6 3.9 4,10 4.7 5,4 7.2 3,2 2.4 4,1 3.7
59. Chemical materials and products,n.e.s. 0,7 0.7 0,4 0.4 0,5 0.6 0,5 0.3 0,7 0.6
6. Basic manufactures 4,0 4.3 3,5 3.2 3,1 4.2 4,2 3.2 5,8 5.2
62. Rubber manufactures,n.e.s. 1,3 1.3 0,10 0.9 1,0 1.3 1,5 1.1 2,6 2.4
64. Paper,paperboard and articles thereof 0,5 0.5 0,9 0.8 0,6 0.8 1,0 0.7 1,2 1.0
65. Textile yarn,fabrics,made up articles,etc. 0,8 0.8 0,6 0.5 0,6 0.7 0,4 0.3 0,3 0.3
66. Non-metallic mineral manufactures,n.e.s. 0,2 0.1 0,4 0.3 0,5 0.6 0,3 0.2 0,6 0.5
69. Manufactures of metals,n.e.s. 1,1 1.1 0,6 0.5 0,6 0.7 0,9 0.7 1,0 0.9
7. Machinery,transport equipment 32,10 35.5 37,10 35.9 37,3 50.6 51,6 39.4 41,0 37.1
71. Power generating machinery and equipment 2,1 2.2 0,8 0.8 2,5 3.3 1,2 0.9 0,9 0.8
72. Machinery for specialized industries 2,5 2.6 1,9 1.8 2,8 3.7 1,4 1.0 1,1 1.0
73. Metal working machinery 0,1 0.1 0,1 0.1 0,6 0.7 0,1 0.0 0,1 0.0
74. General industrial machinery n.e.s. 3,3 3.5 4,3 4.1 1,9 2.6 2,9 2.2 2,6 2.3
75. Office machines and adp machines 2,9 3.0 3,6 3.3 2,9 3.8 4,7 3.5 4,3 3.9
76. Telecommunications and sound recording equipment 14,5 15.6 19,1 18.1 16,9 23.0 22,8 17.4 19,3 17.4
77. Electric machinery,n.e.s.and parts 2,7 2.9 3,0 2.8 4,5 6.0 6,5 5.0 6,4 5.7
78. Road vehicles 4,8 5.1 5,2 4.9 5,4 7.3 11,9 9.1 6,4 5.7
8. Miscellaneous manufactured articles 4,8 5.1 5,4 5.0 4,5 6.1 8,4 6.4 13,9 12.5
82. Furniture and parts thereof 1,1 1.2 0,8 0.7 0,5 0.6 1,1 0.8 1,3 1.2
84. Articles of apparel and clothing accessories 1,1 1.1 0,6 0.5 0,7 0.8 1,2 0.9 1,10 1.7
85. Footwear 0,2 0.1 0,2 0.1 0,2 0.3 0,5 0.4 0,7 0.6
87. Instruments and apparates n.e.s. 0,6 0.6 1,4 1.3 1,4 1.8 1,7 1.2 4,6 4.1
88. Photographic equipment,optical goods etc. 0,5 0.5 0,4 0.3 0,3 0.4 0,7 0.5 0,4 0.3
89. Miscellaneous manufactured articles,n.e.s. 1,5 1.5 2,1 1.9 1,6 2.1 3,2 2.4 4,10 4.5
9. Goods not classified elsewhere 3,2 3.3 2,9 2.7 2,2 2.9 4,1 3.1 3,6 3.2
93. Special transactions and commodities not classified 1,3 1.4 0,10 0.9 0,8 1.0 1,5 1.1 1,4 1.2
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 1,9 2.0 2,0 1.9 1,5 1.9 2,6 2.0 2,2 2.0
0-9. All groups combined 92,8 100.0 105,5 100.0 73,6 100.0 130,8 100.0 110,5 100.0

Source: US Census Bureau

Table: Import from Venezuela (VE) to USA during 2020/7 - 2020/11

2020 / 72020 / 82020 / 92020 / 102020 / 11
million $%million $%million $%million $%million $%
0. Food and live animals 7,6 71.2 7,2 62.8 6,1 44.9 8,8 53.4 10,3 67.2
03. Fish and fish preparations 6,6 62.5 6,6 57.9 5,7 41.3 7,8 47.5 9,7 62.9
07. Coffee,tea,cocoa,spices 0,7 5.7 0,2 1.6 0,2 0.7 0,4 2.3 0,3 1.8
1. Beverages and tobacco 1,3 11.4 0,9 7.5 1,5 10.3 2,0 12.0 1,2 7.6
11. Beverages 1,3 11.4 0,9 7.5 1,5 10.3 2,0 12.0 1,2 7.6
2. Crude materials,inedible,except fuels 1,1 10.4 0,2 1.5 1,1 7.4 0,6 3.1 0,7 4.0
29. Crude animal,vegetable materials n.e.s. 1,1 10.0 0,1 0.6 0,6 3.8 0,4 1.9 0,4 2.4
6. Basic manufactures 0,1 0.6 0,3 2.3 0,6 4.2 0,5 2.8 0,4 2.4
7. Machinery,transport equipment 0,4 3.7 2,5 21.8 2,2 15.9 2,1 12.5 1,9 12.1
77. Electric machinery,n.e.s.and parts 0,3 2.5 2,3 19.5 2,1 15.3 1,10 11.9 1,7 10.6
8. Miscellaneous manufactured articles 0,2 1.0 0,2 1.4 1,9 13.9 0,2 1.2 0,3 1.5
89. Miscellaneous manufactured articles,n.e.s. 0,2 1.0 0,2 0.9 1,9 13.6 0,2 0.6 0,3 1.4
9. Goods not classified elsewhere 0,2 1.2 0,3 2.6 0,5 3.5 2,4 14.6 0,5 2.8
93. Special transactions and commodities not classified 0,1 0.4 0,3 1.9 0,4 2.6 2,3 13.9 0,4 2.1
0-9. All groups combined 10,6 100.0 11,4 100.0 13,6 100.0 16,4 100.0 15,4 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2020 January - November (Sitc)

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