Russian trade in goods with Venezuela in Q4 2018
based on data from the Federal Customs Service of Russia
Russia’s Trade with Venezuela
In the 4th quarter of 2018, Russia’s trade with Venezuela was $5,838,528, down 78.67% ($21,539,291) from the 4th quarter of 2017.
Russia’s exports to Venezuela in the 4th quarter of 2018 were $5,343,154, down 80.24% ($21,701,542) from the 4th quarter of 2017.
Russia’s imports from Venezuela in the 4th quarter of 2018 totaled $495,374, up 48.71% ($162,251) from the 4th quarter of 2017.
Russia’s trade surplus with Venezuela in the 4th quarter of 2018 was $4,847,780, a 81.85% decrease ($21,863,793) over the 4th quarter of 2017.
Venezuela was Russia’s 148th largest trading partner in the 4th quarter of 2018 (down from 116th in the 4th quarter of 2017), accounting for 0.0031% of Russia’s total trade (down from 0.0164% in the 4th quarter of 2017).
Venezuela was Russia’s 141st largest export market in the 4th quarter of 2018 (down from 99th in the 4th quarter of 2017), accounting for 0.0043% of Russia’s total exports (down from 0.0263% in the 4th quarter of 2017).
Venezuela was Russia’s 137th largest supplier in the 4th quarter of 2018 (up from 141st in the 4th quarter of 2017), accounting for 0.0008% of Russia’s total imports (up from 0.0005% in the 4th quarter of 2017).
Russia’s Exports to Venezuela
The major share of Russian exports to Venezuela in the 4th quarter of 2018 (and in the 4th quarter of 2017) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 33.41% of Russia’s total exports to Venezuela (81.43% in the 4th quarter of 2017);
- Mineral products (HS codes 25-27) - 21.20% of Russia’s total exports to Venezuela (0.78% in the 4th quarter of 2017);
- Machinery, equipment and vehicles (HS codes 84-90) - 13.51% of Russia’s total exports to Venezuela (13.88% in the 4th quarter of 2017);
- Chemical products (HS codes 28-40) - 6.18% of Russia’s total exports to Venezuela (1.94% in the 4th quarter of 2017);
- Metals and products from them (HS codes 72-83) - 5.46% of Russia’s total exports to Venezuela (1.76% in the 4th quarter of 2017).
The largest gains in Russia’s exports to Venezuela in the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $927,282;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $431,461;
- Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - an increase of $271,450;
- Beverages, spirits and vinegar (HS code 22) - an increase of $19,320.
The largest declines in Russia’s exports to Venezuela in the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:
- Cereals (HS code 10) - a decrease of $20,251,042;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $3,065,517;
- Articles of iron or steel (HS code 73) - a decrease of $431,151;
- 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 $397,526;
- Organic chemicals (HS code 29) - a decrease of $147,154;
- Plastics and articles thereof (HS code 39) - a decrease of $55,547;
- Iron and steel (HS code 72) - a decrease of $22,252;
- Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $21,136.
| HS code |
Name of product group | Value of exports in Q4 2018, US dollars ($) |
Percent share in total export | Value of exports in Q4 2017, US dollars ($) |
Percent change in Q4 2018 over Q4 2017 |
|---|---|---|---|---|---|
| 10 | Cereals | 1,765,843 | 33.05 | 22,016,885 | -91.98 |
| 11 | Products of the milling industry; malt; starches; inulin; wheat gluten | 0 | 0.00 | 5,133 | -100.00 |
| 22 | Beverages, spirits and vinegar | 19,320 | 0.36 | 0 | ∞ |
| 25 | Salt; sulfur; earths and stone; plastering materials, lime and cement | 0 | 0.00 | 6,667 | -100.00 |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 1,132,882 | 21.20 | 205,600 | 451.01 |
| 29 | Organic chemicals | 0 | 0.00 | 147,154 | -100.00 |
| 38 | Miscellaneous chemical products | 2,882 | 0.05 | 1,916 | 50.42 |
| 39 | Plastics and articles thereof | 320,977 | 6.01 | 376,524 | -14.75 |
| 40 | Rubber and articles thereof | 6,100 | 0.11 | 192 | 3,077.08 |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 34,057 | 0.64 | 55,193 | -38.29 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 0 | 0.00 | 750 | -100.00 |
| 64 | Footwear, gaiters and the like; parts of such articles | 50 | 0.00 | 0 | ∞ |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 14 | 0.00 | 117 | -88.03 |
| 72 | Iron and steel | 0 | 0.00 | 22,252 | -100.00 |
| 73 | Articles of iron or steel | 16,016 | 0.30 | 447,167 | -96.42 |
| 74 | Copper and articles thereof | 58 | 0.00 | 2,057 | -97.18 |
| 78 | Lead and articles thereof | 15 | 0.00 | 0 | ∞ |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 275,612 | 5.16 | 4,162 | 6,522.10 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 23,015 | 0.43 | 3,088,532 | -99.25 |
| 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 | 101,508 | 1.90 | 499,034 | -79.66 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 1,022 | 0.02 | 0 | ∞ |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 596,547 | 11.16 | 165,086 | 261.36 |
| 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 | 258 | -100.00 |
| 96 | Miscellaneous manufactured articles | 0 | 0.00 | 17 | -100.00 |
| SS | Classified | 1,047,236 | 19.60 | 0 | ∞ |
Russia’s Imports from Venezuela
The major share of Russian imports from Venezuela in the 4th quarter of 2018 (and in the 4th quarter of 2017) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 86.08% of Russia’s total imports from Venezuela (94.32% in the 4th quarter of 2017);
- Wood and wood products (HS codes 44-49) - 0.00% of Russia’s total imports from Venezuela (4.11% in the 4th quarter of 2017).
The largest gains in Russia’s imports from Venezuela in the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:
- Beverages, spirits and vinegar (HS code 22) - an increase of $96,316;
- Raw hides and skins (other than furskins) and leather (HS code 41) - an increase of $64,650;
- Cocoa and cocoa preparations (HS code 18) - an increase of $15,924.
The largest declines in Russia’s imports from Venezuela in the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:
- Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $13,675.
| HS code |
Name of product group | Value of imports in Q4 2018, US dollars ($) |
Percent share in total import | Value of imports in Q4 2017, US dollars ($) |
Percent change in Q4 2018 over Q4 2017 |
|---|---|---|---|---|---|
| 18 | Cocoa and cocoa preparations | 15,924 | 3.21 | 0 | ∞ |
| 22 | Beverages, spirits and vinegar | 410,514 | 82.87 | 314,198 | 30.65 |
| 40 | Rubber and articles thereof | 588 | 0.12 | 601 | -2.16 |
| 41 | Raw hides and skins (other than furskins) and leather | 64,650 | 13.05 | 0 | ∞ |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 0 | 0.00 | 13,675 | -100.00 |
| 73 | Articles of iron or steel | 1,671 | 0.34 | 1,257 | 32.94 |
| 74 | Copper and articles thereof | 295 | 0.06 | 487 | -39.43 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 97 | 0.02 | 727 | -86.66 |
| 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 | 1,635 | 0.33 | 1,217 | 34.35 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 0 | 0.00 | 961 | -100.00 |