Russian foreign trade
reports and reviews

Russian trade in goods with Venezuela in Q4 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 fourth quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with Venezuela

In the 4th quarter of 2017, Russia’s trade with Venezuela was $27,377,819, down 82.01% ($124,817,660) from the 4th quarter of 2016.

Russia’s exports to Venezuela in the 4th quarter of 2017 were $27,044,696, down 82.06% ($123,697,880) from the 4th quarter of 2016.

Russia’s imports from Venezuela in the 4th quarter of 2017 were $333,123, down 77.07% ($1,119,780) from the 4th quarter of 2016.

Russia’s trade surplus with Venezuela in the 4th quarter of 2017 was $26,711,573, a 82.11% decrease ($122,578,100) over the 4th quarter of 2016.

Venezuela was Russia’s 116th largest trading partner in the 4th quarter of 2017 (down from 74th in the 4th quarter of 2016), accounting for 0.0164% of Russia’s total trade (down from 0.1117% in the 4th quarter of 2016).

Venezuela was Russia’s 99th largest export market in the 4th quarter of 2017 (down from 66th in the 4th quarter of 2016), accounting for 0.0263% of Russia’s total exports (down from 0.1798% in the 4th quarter of 2016).

Venezuela was Russia’s 141st largest supplier in the 4th quarter of 2017 (down from 123rd in the 4th quarter of 2016), accounting for 0.0005% of Russia’s total imports (down from 0.0028% in the 4th quarter of 2016).

Russia’s Exports to Venezuela

The major share of Russian exports to Venezuela in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 81.43% of Russia’s total exports to Venezuela (7.49% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 13.88% of Russia’s total exports to Venezuela (44.33% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 1.94% of Russia’s total exports to Venezuela (1.94% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.76% of Russia’s total exports to Venezuela (0.36% in the 4th quarter of 2016).

The largest gains in Russia’s exports to Venezuela in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Cereals (HS code 10) - an increase of $22,016,885;
  • Plastics and articles thereof (HS code 39) - an increase of $373,708;
  • Organic chemicals (HS code 29) - an increase of $147,154.

The largest declines in Russia’s exports to Venezuela in the 4th quarter of 2017 over the 4th 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 $38,131,589;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $11,074,641;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $9,205,387;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $8,410,178;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $7,320,112;
  • 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) - a decrease of $4,692,842;
  • Fertilizers (HS code 31) - a decrease of $2,686,101;
  • Rubber and articles thereof (HS code 40) - a decrease of $228,471;
  • Products of the milling industry; malt; starches; inulin; wheat gluten (HS code 11) - a decrease of $197,139.
Russia’s exports to Venezuela in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value of exports
in Q4 2017,
US dollars ($)
Percent share in total export Value of exports
in Q4 2016,
US dollars ($)
Percent change
in Q4 2017
over Q4 2016
10 Cereals 22,016,885 81.41 0
11 Products of the milling industry; malt; starches; inulin; wheat gluten 5,133 0.02 202,272-97.46
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 0 0.00 11,074,641-100.00
18 Cocoa and cocoa preparations 0 0.00 11,666-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 6,667 0.02 0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 205,600 0.76 233,442-11.93
29 Organic chemicals 147,154 0.54 0
30 Pharmaceutical products 0 0.00 300-100.00
31 Fertilizers 0 0.00 2,686,101-100.00
38 Miscellaneous chemical products 1,916 0.01 1,23155.65
39 Plastics and articles thereof 376,524 1.39 2,81613,270.88
40 Rubber and articles thereof 192 0.00 228,663-99.92
44 Wood and articles of wood; wood charcoal 0 0.00 58,817-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 55,193 0.20 0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0 0.00 4,718-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 750 0.00 0
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 0 0.00 44-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 117 0.00 18550.00
72 Iron and steel 22,252 0.08 21,112,500.00
73 Articles of iron or steel 447,167 1.65 441,6951.24
74 Copper and articles thereof 2,057 0.01 1,84911.25
76 Aluminum and articles thereof 0 0.00 15,201-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 4,162 0.02 64,206-93.52
83 Miscellaneous articles of base metal 0 0.00 24,005-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 3,088,532 11.42 11,498,710-73.14
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 499,034 1.85 38,630,623-98.71
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0 0.00 9,205,387-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 165,086 0.61 7,485,198-97.79
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 258 0.00 4,693,100-99.99
96 Miscellaneous manufactured articles 17 0.00 0
SS Classified 0 0.00 64 177 871-100.00

Russia’s Imports from Venezuela

The major share of Russian imports from Venezuela in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 94.32% of Russia’s total imports from Venezuela (42.52% in the 4th quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 4.11% of Russia’s total imports from Venezuela (0.15% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 0.52% of Russia’s total imports from Venezuela (9.25% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 0.18% of Russia’s total imports from Venezuela (47.38% in the 4th quarter of 2016).

The largest gains in Russia’s imports from Venezuela in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Beverages, spirits and vinegar (HS code 22) - an increase of $114,096;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $11,560;
  • Articles of iron or steel (HS code 73) - an increase of $1,257;
  • 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 $1,217.

The largest declines in Russia’s imports from Venezuela in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Organic chemicals (HS code 29) - a decrease of $688,407;
  • Cocoa and cocoa preparations (HS code 18) - a decrease of $417,717;
  • Iron and steel (HS code 72) - a decrease of $134,356;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - a decrease of $9,803.
Russia’s imports from Venezuela in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value of imports in Q4 2017,
US dollars ($)
Percent share in total import Value of imports in Q4 2016,
US dollars ($)
Percent change
in Q4 2017
over Q4 2016
18 Cocoa and cocoa preparations 0 0.00 417,717-100.00
22 Beverages, spirits and vinegar 314,198 94.32 200,10257.02
29 Organic chemicals 0 0.00 688,407-100.00
40 Rubber and articles thereof 601 0.18 0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 13,675 4.11 2,115546.57
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 0 0.00 9,803-100.00
72 Iron and steel 0 0.00 134,356-100.00
73 Articles of iron or steel 1,257 0.38 0
74 Copper and articles thereof 487 0.15 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 727 0.22 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 1,217 0.37 0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 961 0.29 403138.46
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Source: Federal Customs Service of Russia