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Venezuela

Venezuela ranked No. 66 in total trade value through August with a total of $2.77 billion. Exports totaled $919.07 million and Imports totaled $1.85 billion, a deficit of $928.64 million.

January – August 2019

Top Trading Ports

Total Trade: $2.77 billion

RankPortTotal YTD
1Port of Pascagoula, Miss. $494,125,303
2Port of Lake Charles, La. $448,237,609
3Port of Houston $334,301,660
4Port Everglades, Fla. $317,865,106
5Port of New Orleans $206,603,513
6Miami International Airport $164,958,756
7Port of Port Arthur, Texas $158,043,461
8Port of Newark $135,422,656
9Port of Corpus Christi, Texas $121,957,265
10Port of New York $48,314,588

U.S. trade with Venezuela rose to $2.77 billion through August

Venezuela’s trade with the United States rose to $2.77 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 77.06 percent below its total trade during the same time period last year. U.S. exports to Venezuela decreased 75.29 percent while U.S. imports from Venezuela fell 77.84 percent. The U.S. deficit with Venezuela was $928.64 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Pascagoula, Miss.; No. 2 Port of Lake Charles, La.; No. 3 Port of Houston; No. 4 Port Everglades, Fla.; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Port of New Orleans No. 3 Port of Lake Charles, La. No. 4 Port of Corpus Christi, Texas and No. 5 Port of Port Arthur, Texas. In the current time period, the top five accounted for 65.1 percent of Venezuela’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Pascagoula, Miss. fell 34.47 percent to $494.13 million.
    Exports fell 57.76 percent to $517,193. Imports fell 34.44 percent to $493.61 million.
  • Trade with No. 2 Port of Lake Charles, La. fell 74.96 percent to $448.24 million.
    Exports fell 63.99 percent to $80.02 million. Imports fell 76.52 percent to $368.22 million.
  • Trade with No. 3 Port of Houston fell 83.12 percent to $334.3 million.
    Exports fell 80.97 percent to $275.48 million. Imports fell 88.95 percent to $58.82 million.
  • Trade with No. 4 Port Everglades, Fla. fell 15.43 percent to $317.87 million.
    Exports rose 11 percent to $269.5 million. Imports fell 63.66 percent to $48.36 million.
  • Trade with No. 5 Port of New Orleans fell 88.81 percent to $206.6 million.
    Exports fell 80.92 percent to $29.31 million. Imports fell 89.53 percent to $177.29 million.

Venezuela ranked No. 66 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 33.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Venezuela by value through August were the categories of Gasoline, other fuels; Cell phones, related equipment; Motor vehicles for transporting people; Soybean oilcake, other solid residue, not ground; and Plastics, respectively. They accounted for 44.3 percent of total exports to Venezuela.

The value of the top five categories of U.S. imports from Venezuela –– Oil; Gasoline, other fuels; Acyclic alcohols; Prepared, preserved shrimp, lobster, etc.; and Fish, fresh or chilled –– accounted for 92.92 percent of all inbound shipments.

Looking more closely at U.S. exports to Venezuela:

  • Gasoline, other fuels fell 87.95 percent compared to last year to $295.27 million.
  • Cell phones, related equipment rose 96.18 percent compared to last year to $44.51 million.
  • Motor vehicles for transporting people rose 15.43 percent compared to last year to $24.07 million.
  • Soybean oilcake, other solid residue, not ground fell 60.78 percent compared to last year to $23.46 million.
  • Plastics rose 47.1 percent compared to last year to $19.81 million.

Looking more closely at U.S. imports from Venezuela:

  • Oil fell 78.79 percent compared to last year to $1.36 billion.
  • Gasoline, other fuels fell 81.7 percent compared to last year to $267.44 million.
  • Acyclic alcohols fell 56.73 percent compared to last year to $37.87 million.
  • Prepared, preserved shrimp, lobster, etc. fell 4.9 percent compared to last year to $29.34 million.
  • Fish, fresh or chilled fell 10.55 percent compared to last year to $17.55 million.

In the latest annual figures available, Venezuela recorded $16.51 billion in trade with the United States. At year’s end, its were New Orleans; Houston; Port Arthur, Texas; Mobile; and Miami. Total U.S. exports to Venezuela were $ 4.17 billion and imports from Venezuela were $12.34 billion. The U.S. deficit with Venezuela was $8.17 billion.