| March 2012 |
Total Exports To Venezuela
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Oil, not crude | $346,464,452 |
2 | Landline, cellular phone equipment | $197,047,225 |
3 | Motor vehicle parts | $184,012,323 |
4 | Corn | $136,437,101 |
5 | Ethers, ether-alcohols, alcohol peroxides etc. | $113,419,495 |
6 | Parts for heavy machinery | $98,606,857 |
7 | Wheat, meslin | $89,690,010 |
8 | Aircraft engines, parts | $86,105,078 |
9 | Compressors and pumps | $69,837,777 |
10 | Electric generating sets, rotary converters | $67,878,297 |
Total Imports From Venezuela
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Oil | $8,869,035,971 |
2 | Oil, not crude | $1,055,842,947 |
3 | Spongy ferrous products, iron 99.94% pure | $103,443,575 |
4 | Acyclic alcohols | $93,442,384 |
5 | Nitrogenous fertilizers | $47,320,355 |
6 | Aluminum, unwrought | $46,116,183 |
7 | Ammonia | $23,542,630 |
8 | Bitumen and asphalt, shale and tar sands | $14,599,300 |
9 | Gold | $11,456,450 |
10 | Insulated wire, cable | $9,328,436 |
| March 2012 |
Top Venezuela Trading Partners
| Rank | District | Total YTD |
|---|---|---|
1 | Houston | $5,302,383,053 |
2 | New Orleans | $3,665,184,059 |
3 | Miami | $1,626,358,588 |
4 | Port Arthur, Texas | $621,778,975 |
5 | U.S. Virgin Islands | $553,919,448 |
6 | Mobile | $485,704,839 |
7 | Philadelphia | $429,693,683 |
8 | New York City | $373,394,237 |
9 | Jacksonville/Tampa | $333,220,202 |
10 | San Juan | $141,567,747 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
Venezuela’s trade rose to $14,070,773,936 through March
Venezuela’s trade with the United States rose to $14,070,773,936 through the first three months of 2012, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 9.92 percent above its total trade during the same time period last year. Venezuela’s exports increased 50.91 percent while imports rose 0.16 percent. The U.S. deficit with Venezuela was $6,639,612,134.
Through March, Venezuela’s top U.S. Customs districts for total imports and exports were No. 1 Houston, No. 2 New Orleans, No. 3 Miami, No. 4 Port Arthur, Texas and No. 5 U.S. Virgin Islands compared to last year when the top spots were held by No. 1 Houston, No. 2 New Orleans, No. 3 U.S. Virgin Islands, No. 4 Miami and No. 5 Port Arthur, Texas. In the current time period, the top five accounted for 19.55 percent of Venezuela’s U.S. trade.. That compares to 8.76 percent for the nation’s top five Customs districts during the same time period.Taking a closer look at the leading U.S. gateways for U.S. trade with Venezuela,:
- Trade with No. 1 Houston rose 20.60 percent to $5,302,383,053.
Exports rose 75.89 percent to $1,095,313,401. Imports rose 11.47 percent to $4,207,069,652. - Trade with No. 2 New Orleans rose 29.71 percent to $3,665,184,059.
Exports rose 86.30 percent to $356,471,371. Imports rose 25.60 percent to $3,308,712,688. - Trade with No. 3 Miami rose 6.67 percent to $1,626,358,588.
Exports rose 25.14 percent to $1,413,274,821. Imports fell -46.10 percent to $213,083,767. - Trade with No. 4 Port Arthur, Texas fell -8.74 percent to $621,778,975.
Exports rose 33.93 percent to $47,319,339. Imports fell -11.08 percent to $574,459,636. - Trade with No. 5 U.s. Virgin Islands fell -66.18 percent to $553,919,448.
Exports fell -9.53 percent to $60,975. Imports fell -66.18 percent to $553,858,473.
Through March, 17 Customs districts posted trade surpluses with Venezuela while 20 had deficits. That compares with 15 surpluses and 23 deficits for the same period one year ago. The top surplus was with Miami at $1,200,191,054, the largest deficit was with Houston at $-3,111,756,251.
Meanwhile, total U.S. trade with the world increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700; imports rose 5.09 percent to $43,800,507,934. The nation’s top five countries so far this year, by value, are Canada, Mexico, China, Japan and Germany. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
The top five U.S. exports to Venezuela by value through March were oil, not crude; landline, cellular phone equipment; motor vehicle parts; corn; and ethers, ether-alcohols, alcohol peroxides etc., respectively. They accounted for 26.30 percent of total exports to Venezuela.
The value of the top five U.S. imports from Venezuela -- oil; oil, not crude; spongy ferrous products, iron 99.94% pure; acyclic alcohols; and nitrogenous fertilizers -- accounted for 98.20 percent of all inbound shipments.
Looking more closely at U.S. exports to Venezuela:
- Oil, not crude rose 1,746.19 percent compared to last year to $346,464,452.
- Landline, cellular phone equipment rose 6.78 percent compared to last year to $197,047,225.
- Motor vehicle parts rose 65.21 percent compared to last year to $184,012,323.
- Corn rose 1,028.46 percent compared to last year to $136,437,101.
- Ethers, ether-alcohols, alcohol peroxides etc. rose 24.30 percent compared to last year to $113,419,495.
Looking more closely at U.S. imports from Venezuela
- Oil rose 0.52 percent compared to last year to $8,869,035,971.
- Oil, not crude fell -12.89 percent compared to last year to $1,055,842,947.
- Spongy ferrous products, iron 99.94% pure rose 698.27 percent compared to last year to $103,443,575.
- Acyclic alcohols rose 10.72 percent compared to last year to $93,442,384.
- Nitrogenous fertilizers rose 87.51 percent compared to last year to $47,320,355.
In the latest annual figures available, Venezuela recorded $12,800,856,849 in trade with the United States. At year’s end, its top five Customs districts were Houston, New Orleans, Miami, U.S. Virgin Islands and Port Arthur, Texas. Total U.S. exports to Venezuela were $12,350,628,190 and imports from Venezuela were $43,253,442,817. The U.S. deficit with Venezuela was $-30,902,814,627.