Trade in goods with USA SITC (Standard International Trade Classification)
Suomeksi - in Finnish

Venezuela trade flows with USA by SITC*) product sections during 2020/10 - 2021/2

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


Share of USA's2020/10
%
2020/11
%
2020/12
%
2021/1
%
2021/2
%
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 February 2021


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 February Venezuela was USA's 84. largest foreign trade partner. Rise from the previous month 4 places. Most of the the value of trade consists of USA's exports to Venezuela. $113 million worth of trade was 7.7 per cent lower than in February of the previous year. During the month, the balance of trade with Venezuela was $88 million of surplus.

The value of imports from Venezuela decreased by 6.0 per cent compared to in February of the previous year, thus amounting to $12 million in February 2021. Major product categories of imports from Venezuela were Sitc037 (fish, crustaceans, molluscs and other aquatic invertebrates, prepared or preserved, n.e.s.), representing 30.8 percent of imports, Sitc034 (fish, fresh (live or dead), chilled or frozen) 23.0 % and Sitc773 (equipment for distributing electricity, n.e.s.) 11.3 % of the imports.

The value of exports to Venezuela declined by 7.9 per cent compared to in February of the previous year, thus amounting to $100 million in February 2021. 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 15.2 per cent of total exports, Sitc044 (maize (not including sweet corn), unmilled) 9.9 % and Sitc042 (rice) 8.8 % of the exports.

Development during January-February 2021

During January-February, trade in goods with Venezuela has grown faster than USA's trade in goods with the rest of the world. During this year trade in goods between countries was significantly higher than in January-February of the previous year. Growth was as high as 33.2196012888017 per cent and the value of the trade increased to $249 million. During January-February the value of imports was $22 million. The export value was $228 million. Compared to the corresponding period January - February in 2020, the value of imports during this period decreased by 19.0 %. The largest value in imports was in Sitc037 (fish, crustaceans, molluscs and other aquatic invertebrates, prepared or preserved, n.e.s.), worth $6.2 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 $38 million. The value of exports during this period increased by 42.0 %. The trade balance between USA and Venezuelan between January and February was in surplus for USA. The timing surplus was $206 million.


Table: USA's export to Venezuela (VE) during 2020/10 - 2021/2

2020 / 102020 / 112020 / 122021 / 12021 / 2
million $%million $%million $%million $%million $%
0. Food and live animals 44,4 33.9 27,5 24.9 64,2 48.2 43,2 33.9 32,4 32.2
04. Cereals and cereal preparations 26,4 20.1 13,1 11.8 31,6 23.7 14,5 11.4 26,4 26.3
05. Vegetables and fruit 1,0 0.8 0,8 0.7 0,7 0.5 0,8 0.6 1,1 1.0
07. Coffee,tea,cocoa,spices 0,3 0.2 0,6 0.5 0,1 0.0 0,2 0.1 0,3 0.3
08. Feeding stuff for animals 10,7 8.2 5,7 5.1 29,3 22.0 22,0 17.3 0,4 0.4
09. Miscellaneous edible products and preparations 5,4 4.1 6,9 6.2 2,3 1.7 5,4 4.2 3,10 3.9
1. Beverages and tobacco 1,2 0.9 2,3 2.0 0,4 0.3 1,7 1.3 1,2 1.1
11. Beverages 0,8 0.6 1,6 1.4 0,4 0.3 0,9 0.6 0,5 0.4
12. Tobacco and tobacco manufactures 0,5 0.3 0,8 0.7 0 0.0 0,9 0.7 0,7 0.7
2. Crude materials,inedible,except fuels 3,2 2.4 2,3 2.0 6,2 4.6 1,2 0.9 5,0 5.0
22. Oil seeds,oleaginous fruits 2,3 1.7 0 0.0 3,8 2.8 0 0.0 4,4 4.3
26. Textile fibres and their wastes 0,6 0.4 1,0 0.9 2,4 1.7 0,7 0.5 0,5 0.4
29. Crude animal,vegetable materials n.e.s. 0,2 0.1 0,8 0.7 0,1 0.0 0,3 0.2 0,2 0.1
3. Mineral fuels etc 1,8 1.3 1,7 1.5 1,2 0.9 1,3 1.0 2,2 2.1
33. Petroleum and products 1,8 1.3 1,7 1.5 1,2 0.9 1,3 1.0 2,2 2.1
4. Animal and vegetable oils and fats 4,8 3.6 3,4 3.0 11,1 8.3 7,9 6.1 0 0.0
42. Fixed vegetable fats and oils 4,8 3.6 3,4 3.0 11,1 8.3 7,9 6.1 0 0.0
5. Chemicals and related products,n.e.s. 7,7 5.8 9,5 8.5 6,6 4.9 9,3 7.3 8,5 8.4
51. Organic chemicals 0,7 0.5 0,5 0.4 0,5 0.3 0,4 0.2 0,5 0.5
52. Inorganic chemicals 0,2 0.1 0,7 0.6 0,5 0.3 0,1 0.1 0,2 0.2
54. Medicinal and pharmaceutical products 0,8 0.5 1,0 0.9 0,6 0.4 1,1 0.8 0,7 0.7
55. Perfume,cleaning etc.preparations 2,1 1.6 2,3 2.0 0,10 0.7 2,7 2.1 1,8 1.7
57. Plastics in primary forms 3,2 2.4 4,1 3.7 3,2 2.4 4,5 3.5 4,7 4.7
59. Chemical materials and products,n.e.s. 0,5 0.3 0,7 0.6 0,6 0.4 0,2 0.1 0,4 0.3
6. Basic manufactures 4,2 3.2 5,8 5.2 3,4 2.5 5,6 4.3 3,7 3.6
62. Rubber manufactures,n.e.s. 1,5 1.1 2,6 2.4 1,3 1.0 1,5 1.1 1,0 1.0
64. Paper,paperboard and articles thereof 1,0 0.7 1,2 1.0 0,7 0.5 1,7 1.3 1,3 1.2
65. Textile yarn,fabrics,made up articles,etc. 0,4 0.3 0,3 0.3 0,2 0.1 0,6 0.4 0,3 0.2
66. Non-metallic mineral manufactures,n.e.s. 0,3 0.2 0,6 0.5 0,6 0.4 0,4 0.2 0,6 0.5
69. Manufactures of metals,n.e.s. 0,9 0.7 1,0 0.9 0,7 0.5 1,4 1.1 0,6 0.6
7. Machinery,transport equipment 51,6 39.4 41,0 37.1 29,6 22.2 49,1 38.5 32,7 32.6
71. Power generating machinery and equipment 1,2 0.9 0,9 0.8 1,1 0.8 0,8 0.6 1,3 1.2
72. Machinery for specialized industries 1,4 1.0 1,1 1.0 0,8 0.6 0,10 0.7 0,10 0.9
74. General industrial machinery n.e.s. 2,9 2.2 2,6 2.3 2,2 1.6 2,4 1.8 3,1 3.1
75. Office machines and adp machines 4,7 3.5 4,3 3.9 2,7 2.0 4,5 3.5 3,5 3.4
76. Telecommunications and sound recording equipment 22,8 17.4 19,3 17.4 13,6 10.2 26,9 21.1 15,6 15.6
77. Electric machinery,n.e.s.and parts 6,5 5.0 6,4 5.7 5,7 4.3 9,1 7.1 3,5 3.4
78. Road vehicles 11,9 9.1 6,4 5.7 2,9 2.1 4,1 3.2 4,7 4.6
79. Other transport equipment 0,4 0.3 0,4 0.3 0,9 0.6 0,6 0.4 0,4 0.3
8. Miscellaneous manufactured articles 8,4 6.4 13,9 12.5 5,2 3.9 5,6 4.3 6,1 6.1
82. Furniture and parts thereof 1,1 0.8 1,3 1.2 0,6 0.4 0,8 0.6 0,9 0.9
84. Articles of apparel and clothing accessories 1,2 0.9 1,10 1.7 1,4 1.0 1,2 0.9 0,10 0.9
85. Footwear 0,5 0.4 0,7 0.6 0,4 0.2 0,5 0.3 0,3 0.2
87. Instruments and apparates n.e.s. 1,7 1.2 4,6 4.1 0,5 0.3 0,6 0.4 1,5 1.4
88. Photographic equipment,optical goods etc. 0,7 0.5 0,4 0.3 0,3 0.2 0,3 0.2 0,6 0.6
89. Miscellaneous manufactured articles,n.e.s. 3,2 2.4 4,10 4.5 2,3 1.7 2,4 1.8 1,9 1.8
9. Goods not classified elsewhere 4,1 3.1 3,6 3.2 5,7 4.3 3,0 2.3 8,9 8.9
93. Special transactions and commodities not classified 1,5 1.1 1,4 1.2 3,1 2.3 0,5 0.4 6,10 6.9
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 2,6 2.0 2,2 2.0 2,7 2.0 2,6 2.0 2,0 2.0
0-9. All groups combined 130,8 100.0 110,5 100.0 133,1 100.0 127,4 100.0 100,2 100.0

Source: US Census Bureau

Table: Import from Venezuela (VE) to USA during 2020/10 - 2021/2

2020 / 102020 / 112020 / 122021 / 12021 / 2
million $%million $%million $%million $%million $%
0. Food and live animals 8,8 53.4 10,3 67.2 9,2 72.6 5,5 58.3 7,9 63.0
03. Fish and fish preparations 7,8 47.5 9,7 62.9 8,6 67.8 5,0 53.3 7,5 59.6
1. Beverages and tobacco 2,0 12.0 1,2 7.6 0,7 4.8 0,6 6.1 0,7 5.5
11. Beverages 2,0 12.0 1,2 7.6 0,7 4.8 0,6 6.1 0,7 5.5
2. Crude materials,inedible,except fuels 0,6 3.1 0,7 4.0 0,2 1.3 1,0 10.3 1,1 8.1
29. Crude animal,vegetable materials n.e.s. 0,4 1.9 0,4 2.4 0,1 0.3 0,5 5.0 0,8 5.9
7. Machinery,transport equipment 2,1 12.5 1,9 12.1 1,0 7.6 1,1 11.2 1,6 12.1
77. Electric machinery,n.e.s.and parts 1,10 11.9 1,7 10.6 0,8 6.2 0,9 8.8 1,5 11.7
8. Miscellaneous manufactured articles 0,2 1.2 0,3 1.5 0,8 5.7 0,1 0.9 0,2 1.5
89. Miscellaneous manufactured articles,n.e.s. 0,2 0.6 0,3 1.4 0,7 5.4 0,1 0.9 0,1 0.8
9. Goods not classified elsewhere 2,4 14.6 0,5 2.8 0,5 3.2 0,6 6.4 1,0 7.8
93. Special transactions and commodities not classified 2,3 13.9 0,4 2.1 0,4 2.4 0,2 2.0 0,2 1.1
97. Gold,non-monetary 0 0.0 0 0.0 0 0.0 0,4 4.0 0,8 6.1
0-9. All groups combined 16,4 100.0 15,4 100.0 12,6 100.0 9,4 100.0 12,5 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2021 January - February (Sitc)


Year level of Advanced Technology Products (ATP)

Advanced Technology Products (ATP) of last published months

Year 2021 January - February (ATP)

USA's Trade in Goods Start Page