Russian trade in goods with Venezuela in Q1 2019
based on data from the Federal Customs Service of Russia
Russia’s Trade with Venezuela
In the 1st quarter of 2019, Russia’s trade with Venezuela was $19,141,133, down 12.38% ($2,704,104) from the 1st quarter of 2018.
Russia’s exports to Venezuela in the 1st quarter of 2019 were $18,647,505, down 13.47% ($2,904,058) from the 1st quarter of 2018.
Russia’s imports from Venezuela in the 1st quarter of 2019 totaled $493,628, up 68.09% ($199,954) from the 1st quarter of 2018.
Russia’s trade surplus with Venezuela in the 1st quarter of 2019 was $18,153,877, a 14.60% decrease ($3,104,012) over the 1st quarter of 2018.
Venezuela was Russia’s 120th largest trading partner in the 1st quarter of 2019 (down from 118th in the 1st quarter of 2018), accounting for 0.0122% of Russia’s total trade (down from 0.0139% in the 1st quarter of 2018).
Venezuela was Russia’s 105th largest export market in the 1st quarter of 2019 (down from 103rd in the 1st quarter of 2018), accounting for 0.0179% of Russia’s total exports (down from 0.0209% in the 1st quarter of 2018).
Venezuela was Russia’s 137th largest supplier in the 1st quarter of 2019 (up from 143rd in the 1st quarter of 2018), accounting for 0.0009% of Russia’s total imports (up from 0.0005% in the 1st quarter of 2018).
Russia’s Exports to Venezuela
The major share of Russian exports to Venezuela in the 1st quarter of 2019 (and in the 1st quarter of 2018) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 87.65% of Russia’s total exports to Venezuela (70.06% in the 1st quarter of 2018);
- Wood and wood products (HS codes 44-49) - 8.10% of Russia’s total exports to Venezuela (0.00% in the 1st quarter of 2018);
- Machinery, equipment and vehicles (HS codes 84-90) - 1.48% of Russia’s total exports to Venezuela (13.33% in the 1st quarter of 2018);
- Chemical products (HS codes 28-40) - 1.39% of Russia’s total exports to Venezuela (15.05% in the 1st quarter of 2018);
- Mineral products (HS codes 25-27) - 0.87% of Russia’s total exports to Venezuela (1.15% in the 1st quarter of 2018).
The largest gains in Russia’s exports to Venezuela in the 1st quarter of 2019 over the 1st quarter of 2018 were recorded for the following product groups:
- Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $1,510,081;
- Cereals (HS code 10) - an increase of $1,271,052;
- Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - an increase of $99,441;
- 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 $87,294;
- Plastics and articles thereof (HS code 39) - an increase of $73,604.
The largest declines in Russia’s exports to Venezuela in the 1st quarter of 2019 over the 1st quarter of 2018 were recorded for the following product groups:
- Fertilizers (HS code 31) - a decrease of $3,131,420;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $2,605,251;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $85,388.
| HS code |
Name of product group | Value of exports in Q1 2019, US dollars ($) |
Percent share in total export | Value of exports in Q1 2018, US dollars ($) |
Percent change in Q1 2019 over Q1 2018 |
|---|---|---|---|---|---|
| 10 | Cereals | 16,344,894 | 87.65 | 15,073,842 | 8.43 |
| 19 | Preparations of cereals, flour, starch or milk; bakers’ wares | 0 | 0.00 | 6,711 | -100.00 |
| 22 | Beverages, spirits and vinegar | 0 | 0.00 | 17,737 | -100.00 |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 162,255 | 0.87 | 247,643 | -34.48 |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 99,441 | 0.53 | 0 | ∞ |
| 29 | Organic chemicals | 0 | 0.00 | 19,547 | -100.00 |
| 31 | Fertilizers | 0 | 0.00 | 3,131,420 | -100.00 |
| 38 | Miscellaneous chemical products | 0 | 0.00 | 5,043 | -100.00 |
| 39 | Plastics and articles thereof | 160,227 | 0.86 | 86,623 | 84.97 |
| 40 | Rubber and articles thereof | 0 | 0.00 | 686 | -100.00 |
| 42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 0 | 0.00 | 1,040 | -100.00 |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 1,510,081 | 8.10 | 0 | ∞ |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 275 | 0.00 | 0 | ∞ |
| 72 | Iron and steel | 10,361 | 0.06 | 0 | ∞ |
| 73 | Articles of iron or steel | 83,786 | 0.45 | 40,274 | 108.04 |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 0 | 0.00 | 16,647 | -100.00 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 171,588 | 0.92 | 2,776,839 | -93.82 |
| 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 | 96,481 | 0.52 | 9,187 | 950.19 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 0 | 0.00 | 29,830 | -100.00 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 8,116 | 0.04 | 57,954 | -86.00 |
| 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 | 0 | 0.00 | 1,032 | -100.00 |
| 96 | Miscellaneous manufactured articles | 0 | 0.00 | 68 | -100.00 |
| SS | Classified | 0 | 0.00 | 29 440 | -100.00 |
Russia’s Imports from Venezuela
The major share of Russian imports from Venezuela in the 1st quarter of 2019 (and in the 1st quarter of 2018) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 90.01% of Russia’s total imports from Venezuela (99.59% in the 1st quarter of 2018).
The largest gains in Russia’s imports from Venezuela in the 1st quarter of 2019 over the 1st quarter of 2018 were recorded for the following product groups:
- Cocoa and cocoa preparations (HS code 18) - an increase of $135,062;
- Raw hides and skins (other than furskins) and leather (HS code 41) - an increase of $46,800;
- Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - an increase of $17,097;
- Rubber and articles thereof (HS code 40) - an increase of $1,632.
The largest declines in Russia’s imports from Venezuela in the 1st quarter of 2019 over the 1st quarter of 2018 were recorded for the following product groups:
- No product groups with a substantial decrease.
| HS code |
Name of product group | Value of imports in Q1 2019, US dollars ($) |
Percent share in total import | Value of imports in Q1 2018, US dollars ($) |
Percent change in Q1 2019 over Q1 2018 |
|---|---|---|---|---|---|
| 08 | Edible fruit and nuts; peel of citrus fruit or melons | 17,097 | 3.46 | 0 | ∞ |
| 18 | Cocoa and cocoa preparations | 159,008 | 32.21 | 23,946 | 564.03 |
| 22 | Beverages, spirits and vinegar | 268,230 | 54.34 | 268,520 | -0.11 |
| 29 | Organic chemicals | 0 | 0.00 | 98 | -100.00 |
| 40 | Rubber and articles thereof | 2,064 | 0.42 | 432 | 377.78 |
| 41 | Raw hides and skins (other than furskins) and leather | 46,800 | 9.48 | 0 | ∞ |
| 73 | Articles of iron or steel | 68 | 0.01 | 401 | -83.04 |
| 74 | Copper and articles thereof | 254 | 0.05 | 105 | 141.90 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 107 | 0.02 | 81 | 32.10 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 0 | 0.00 | 91 | -100.00 |