Fastest-Growing Venezuelan Export Products

Man atop Monte Roraima, Venezuela

Monte Roraima, Venezuela

Seven of the 15 fastest-growing Venezuelan export products posted a gain in value exceed 1,000% from 2010 to 2014. Increases range from 1,122% for Venezuela’s dairy exports to 252,291% for meat and seafood preparations.

Overall, exports from this South American nation rose 5.3% in value over the 5-year period. This international trade metric was weighted down by Venezuela’s oil exports modest 5.1% gain. Oil represented 93.2% of the country’s total shipments by value for 2014.

Please note that this analysis is at the 2-digit Harmonized Tariff System code level, which is better for looking at trends as opposed to uncovering opportunities at the more micro 4, 6 or 8-digit code level.

Fastest-Growing Venezuelan Export Products

Listed below in descending order are the fastest-growing Venezuelan export products sorted by the percentage increase in a product category’s value from 2010 to 2014. Also shown is each category’s dollar value in 2014.

  1. Meat and seafood preparations: Up by 252,291% (US$27.8 million)
  2. Animal/vegetable fats and oils: Up by 85,900% ($860,000)
  3. Nickel: Up by 43,167% ($1.3 million)
  4. Woodpulp: Up by 18,400% ($370,000)
  5. Sugar: Up by 7,078% ($3.9 million)
  6. Gems, precious metals, coins: Up by 1,896% ($588.7 million)
  7. Dairy, eggs, honey: Up by 1,122% ($599,000)
  8. Oil seed: Up by 946.5% ($34.8 million)
  9. Clocks and watches: Up by 862.6% ($1.1 million)
  10. Vegetables: Up by 729.7% ($1.1 million)
  11. Wood: Up by 510.7% ($64.4 million)
  12. Milling products: Up by 313.8% ($120,000)
  13. Modified starches, enzymes: Up by 307.2% ($1.1 million)
  14. Organic chemicals: Up by 302.3% ($858.7 million)
  15. Collector items, art, antiques: Up by 275.8% ($8.7 million)

 
Prepared or preserved crab led meat and seafood preparations to its first-place finish.

Sales of chemically modified items, palm and coconut oils were the top gainers for the second-place animal/vegetable fats and oils category.

Nickel waste and scrap led the nickel category to its third-place finish.

Paper or paperboard waste and scrap also posted significant sales increases for Venezuelan exporters.

Research Sources:
The World Factbook, Field Listing: Exports, Central Intelligence Agency. Accessed on September 11, 2015

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on September 11, 2015