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Venezuela

Venezuela ranked No. 42 in total trade value through February with a total of $1.85 billion. Exports totaled $453.28 million and Imports totaled $1.4 billion, a deficit of $946.2 million.

January – February 2019

Top Trading Ports

Total Trade: $1.85 billion

RankPortTotal YTD
1Port of Lake Charles, La. $427,816,007
2Port of Pascagoula, Miss. $303,170,883
3Port of Houston $254,889,449
4Port of New Orleans $155,173,850
5Port of Port Arthur, Texas $132,200,401
6Port of Corpus Christi, Texas $121,957,265
7Port of Newark $86,601,327
8Port Everglades, Fla. $72,499,286
9Port of New York $38,421,222
10Miami International Airport $34,921,033

U.S. trade with Venezuela rose to $1.85 billion through February

Venezuela’s trade with the United States rose to $1.85 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 25.9 percent below its total trade during the same time period last year. Venezuela’s exports decreased 47.07 percent while imports fell 14.88 percent. The U.S. deficit with Venezuela was $946.2 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Lake Charles, La.; No. 2 Port of Pascagoula, Miss.; No. 3 Port of Houston; No. 4 Port of New Orleans; and No. 5 Port of Port Arthur, Texas. During the same period the previous year, the top five were No. 1 Port of Corpus Christi, Texas No. 2 Port of New Orleans No. 3 Port of Lake Charles, La. No. 4 Port of Houston and No. 5 Port of Port Arthur, Texas. In the current time period, the top five accounted for 68.72 percent of Venezuela’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Lake Charles, La. rose 34.35 percent to $427.82 million.
    Exports rose 45.42 percent to $78.24 million. Imports rose 32.1 percent to $349.57 million.
  • Trade with No. 2 Port of Pascagoula, Miss. rose 59.7 percent to $303.17 million.
    Exports fell 57.76 percent to $517,193. Imports rose 60.46 percent to $302.65 million.
  • Trade with No. 3 Port of Houston fell 4.69 percent to $254.89 million.
    Exports fell 3.96 percent to $211.02 million. Imports fell 8.09 percent to $43.87 million.
  • Trade with No. 4 Port of New Orleans fell 51.69 percent to $155.17 million.
    Exports fell 76.99 percent to $11.13 million. Imports fell 47.2 percent to $144.04 million.
  • Trade with No. 5 Port of Port Arthur, Texas fell 45.02 percent to $132.2 million.
    There were no exports. Imports fell 28.62 percent to $132.2 million.

Venezuela ranked No. 42 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 36.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Venezuela by value through February were the categories of Gasoline, other fuels; Ethers, ether-alcohols, alcohol peroxides etc.; Petroleum gases, other gaseous hydrocarbons; Low value shipments; and Misc. aluminum oxides and hydroxides, respectively. They accounted for 70.91 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 Shrimp, other crustaceans –– accounted for 97.97 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 46.64 percent compared to last year to $270.22 million.
  • Ethers, ether-alcohols, alcohol peroxides etc. fell 58.68 percent compared to last year to $17.71 million.
  • Petroleum gases, other gaseous hydrocarbons rose 62.64 percent compared to last year to $16.67 million.
  • Low value shipments fell 49.05 percent compared to last year to $9.06 million.
  • Misc. aluminum oxides and hydroxides rose 97.21 percent compared to last year to $7.8 million.

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

  • Oil fell 7.06 percent compared to last year to $1.1 billion.
  • Gasoline, other fuels fell 27.02 percent compared to last year to $225.68 million.
  • Acyclic alcohols rose 8.11 percent compared to last year to $28.52 million.
  • Prepared, preserved shrimp, lobster, etc. rose 79.14 percent compared to last year to $7.31 million.
  • Shrimp, other crustaceans rose 24.4 percent compared to last year to $4.87 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.