Russian foreign trade
reports and reviews

Russian trade in goods with Venezuela in Q1 2017

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The Report on Russia’s foreign trade in goods with Venezuela in the first quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with Venezuela

In the 1st quarter of 2017, Russia’s trade with Venezuela was $13,628,913, down 86.13% ($84,610,937) from the 1st quarter of 2016.

Russia’s exports to Venezuela in the 1st quarter of 2017 were $13,529,942, down 86.21% ($84,564,036) from the 1st quarter of 2016.

Russia’s imports from Venezuela in the 1st quarter of 2017 were $98,971, down 32.15% ($46,901) from the 1st quarter of 2016.

Russia’s trade surplus with Venezuela in the 1st quarter of 2017 was $13,430,971, a 86.29% decrease ($84,517,135) over the 1st quarter of 2016.

Venezuela was Russia’s 121st largest trading partner in the 1st quarter of 2017 (down from 76th in the 1st quarter of 2016), accounting for 0.0106% of Russia’s total trade (down from 0.1012% in the 1st quarter of 2016).

Venezuela was Russia’s 107th largest export market in the 1st quarter of 2017 (down from 63rd in the 1st quarter of 2016), accounting for 0.0162% of Russia’s total exports (down from 0.1601% in the 1st quarter of 2016).

Venezuela was Russia’s 147th largest supplier in the 1st quarter of 2017 (down from 139th in the 1st quarter of 2016), accounting for 0.0002% of Russia’s total imports (down from 0.0004% in the 1st quarter of 2016).

Russia’s Exports to Venezuela

The major share of Russian exports to Venezuela in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 62.83% of Russia’s total exports to Venezuela (95.10% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 29.65% of Russia’s total exports to Venezuela (1.38% in the 1st quarter of 2016);
  • Mineral products (HS codes 25-27) - 1.62% of Russia’s total exports to Venezuela (0.35% in the 1st quarter of 2016).

The largest gains in Russia’s exports to Venezuela in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Fertilizers (HS code 31) - an increase of $4,007,740;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - an increase of $750,300.

The largest declines in Russia’s exports to Venezuela in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $61,746,130;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $13,509,509;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $5,991,794;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $2,843,020;
  • Rubber and articles thereof (HS code 40) - a decrease of $1,215,680;
  • Ships, boats and floating structures (HS code 89) - a decrease of $694,323;
  • Articles of iron or steel (HS code 73) - a decrease of $647,159;
  • Aluminum and articles thereof (HS code 76) - a decrease of $234,411;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $122,839;
  • Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster (HS code 34) - a decrease of $82,125;
  • Clocks and watches and parts thereof (HS code 91) - a decrease of $64,805;
  • Plastics and articles thereof (HS code 39) - a decrease of $49,701;
  • Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - a decrease of $44,138.
Russia’s exports to Venezuela in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value of exports
in Q1 2017,
US dollars ($)
Percent share in total export Value of exports
in Q1 2016,
US dollars ($)
Percent change
in Q1 2017
over Q1 2016
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 24,837 0.18 0
19 Preparations of cereals, flour, starch or milk; bakers’ wares 6,800 0.05 0
22 Beverages, spirits and vinegar 0 0.00 20,094-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 219,681 1.62 342,520-35.86
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 17 0.00 0
31 Fertilizers 4,007,740 29.62 0
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 0 0.00 82,125-100.00
35 Albuminoidal substances; modified starches; glues; enzymes 190 0.00 0
38 Miscellaneous chemical products 1,159 0.01 3,061-62.14
39 Plastics and articles thereof 401 0.00 50,102-99.20
40 Rubber and articles thereof 1,660 0.01 1,217,340-99.86
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 12,119 0.09 0
73 Articles of iron or steel 4,385 0.03 651,544-99.33
76 Aluminum and articles thereof 0 0.00 234,411-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0 0.00 44,138-100.00
83 Miscellaneous articles of base metal 0 0.00 37,192-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 4,090,714 30.23 17,600,223-76.76
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 3,814,205 28.19 65,560,335-94.18
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0 0.00 2,843,020-100.00
89 Ships, boats and floating structures 0 0.00 694,323-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 595,734 4.40 6,587,528-90.96
91 Clocks and watches and parts thereof 0 0.00 64,805-100.00
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 750,300 5.55 0
SS Classified 0 0.00 2 061 217-100.00

Russia’s Imports from Venezuela

The major share of Russian imports from Venezuela in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 86.46% of Russia’s total imports from Venezuela (97.21% in the 1st quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 13.37% of Russia’s total imports from Venezuela (2.78% in the 1st quarter of 2016).

The largest gains in Russia’s imports from Venezuela in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds (HS code 86) - an increase of $7,642;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $1,734.

The largest declines in Russia’s imports from Venezuela in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Beverages, spirits and vinegar (HS code 22) - a decrease of $27,513;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - a decrease of $24,300;
  • Cocoa and cocoa preparations (HS code 18) - a decrease of $4,424.
Russia’s imports from Venezuela in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value of imports in Q1 2017,
US dollars ($)
Percent share in total import Value of imports in Q1 2016,
US dollars ($)
Percent change
in Q1 2017
over Q1 2016
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 0 0.00 24,300-100.00
18 Cocoa and cocoa preparations 11,214 11.33 15,638-28.29
22 Beverages, spirits and vinegar 74,352 75.13 101,865-27.01
29 Organic chemicals 85 0.09 0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 0 0.00 18-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 92 0.09 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 80 0.08 0
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 1,734 1.75 0
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 10,902 11.02 3,260234.42
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 512 0.52 791-35.27

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Russian foreign trade statistics
Source: Federal Customs Service of Russia