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Venezuela

Venezuela ranked No. 33 in total trade value through November with a total of $17.44 billion. Exports totaled $5.32 billion and Imports totaled $12.12 billion, a deficit of $6.81 billion.

January – November 2018

Top Trading Ports

Total Trade: $17.44 billion

RankPortTotal YTD
1Port of Houston $2,814,562,004
2Port of New Orleans $2,643,946,479
3Port of Lake Charles, La. $2,627,877,003
4Port of Corpus Christi, Texas $2,093,808,090
5Port of Port Arthur, Texas $1,597,461,456
6Port of Pascagoula, Miss. $1,153,314,341
7Port of Newark $637,400,678
8Port of Texas City, Texas $615,951,811
9Port Everglades, Fla. $530,816,267
10Port of Beaumont, Texas $474,288,913

U.S. trade with Venezuela rose to $17.44 billion through November

Venezuela’s trade with the United States rose to $17.44 billion through the first 11 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.87 percent above its total trade during the same time period last year. Venezuela’s exports increased 38.57 percent while imports rose 4.38 percent. The U.S. deficit with Venezuela was $6.81 billion.

Through November, the top five among the nation’s airports, seaports and border crossings 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. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 Port of Houston No. 3 Port of Lake Charles, La. No. 4 Port of Corpus Christi, Texas and No. 5 Port of Pascagoula, Miss.. In the current time period, the top five accounted for 67.54 percent of Venezuela’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 46.14 percent to $2.81 billion.
    Exports rose 51.81 percent to $2.09 billion. Imports rose 31.92 percent to $724.72 million.
  • Trade with No. 2 Port of New Orleans fell 1.08 percent to $2.64 billion.
    Exports fell 13.1 percent to $206.4 million. Imports rose 0.09 percent to $2.44 billion.
  • Trade with No. 3 Port of Lake Charles, La. rose 64.21 percent to $2.63 billion.
    Exports rose 61.54 percent to $349.7 million. Imports rose 64.63 percent to $2.28 billion.
  • Trade with No. 4 Port of Corpus Christi, Texas rose 49.7 percent to $2.09 billion.
    Exports rose 140.73 percent to $837.22 million. Imports rose 19.58 percent to $1.26 billion.
  • Trade with No. 5 Port of Port Arthur, Texas rose 40.89 percent to $1.6 billion.
    Exports rose 288.19 percent to $299.19 million. Imports rose 22.86 percent to $1.3 billion.

Venezuela ranked No. 33 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 34.

Meanwhile, total U.S. trade with the world increased to $3.87 trillion, up 8.92 percent compared to the same period last year. The nation’s exports climbed 8.46 percent to $1.53 trillion; imports climbed 9.22 percent to $2.34 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $806.02 billion, up compared to the same period of last year when the deficit was $728.06 billion.

The top five U.S. exports to Venezuela by value through November were the categories of Gasoline, other fuels; Ethers, ether-alcohols, alcohol peroxides etc.; Low value shipments; Corn; and Wheat, respectively. They accounted for 73.86 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; Aluminum, unwrought; and Petroleum products –– accounted for 97.07 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 101.03 percent compared to last year to $3.5 billion.
  • Ethers, ether-alcohols, alcohol peroxides etc. rose 4.05 percent compared to last year to $149.05 million.
  • Low value shipments rose 45.36 percent compared to last year to $107.25 million.
  • Corn rose 60.33 percent compared to last year to $92.6 million.
  • Wheat fell 11.04 percent compared to last year to $72.84 million.

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

  • Oil fell 3.06 percent compared to last year to $9.54 billion.
  • Gasoline, other fuels rose 84.68 percent compared to last year to $1.95 billion.
  • Acyclic alcohols rose 2.87 percent compared to last year to $141.32 million.
  • Aluminum, unwrought fell 46.69 percent compared to last year to $89.26 million.
  • Petroleum products fell 58.94 percent compared to last year to $38.98 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.