How dependent is Venezuela on the United States?

and 17 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

• The United States sells 11.7% of what the world exports of refined petroleum; next come Singapore (6.3%), South Korea (5.9%) and Netherlands (5.7%). The rest of the world exported 365.7 times what Venezuela buys from the United States.
• The United States sells 18.3% of what the world exports of soybean meal and pellets; next come Brazil (28.7%), Argentina (26.7%) and Netherlands (3%). The rest of the world exported 91.3 times what Venezuela buys from the United States.
• The United States sells 3.8% of what the world exports of cameras and broadcast equipment; next come China (46.2%), Vietnam (13.1%) and Taiwan (4.4%). The rest of the world exported 3,289.2 times what Venezuela buys from the United States.
• The United States sells 19.4% of what the world exports of polyethylene; next come Saudi Arabia (12.9%), South Korea (6.7%) and Canada (5.4%). The rest of the world exported 648.4 times what Venezuela buys from the United States.
• The United States sells 6.5% of what the world exports of rice; next come India (29.3%), Thailand (17.2%) and Vietnam (10.5%). The rest of the world exported 443.5 times what Venezuela buys from the United States.
• The United States sells 10.4% of what the world exports of parts for switchgear; next come China (16.9%), Germany (14.6%) and Japan (5%). The rest of the world exported 481.7 times what Venezuela buys from the United States.
• The United States sells 6% of what the world exports of computers; next come China (38.7%), Taiwan (14.2%) and Mexico (12.6%). The rest of the world exported 5,932 times what Venezuela buys from the United States.
• The United States sells 2.6% of what the world exports of phones and telecom equipment; next come China (56.2%), Vietnam (11.1%) and South Korea (5.6%). The rest of the world exported 1,622.4 times what Venezuela buys from the United States.
• The United States sells 3.8% of what the world exports of computer and office machine parts; next come China (30.3%), Taiwan (15%) and Vietnam (10.6%). The rest of the world exported 7,953.6 times what Venezuela buys from the United States.
• The United States sells 28.9% of what the world exports of soybeans; next come Brazil (55.4%), Paraguay (4.1%) and Canada (3%). The rest of the world exported 2,127.1 times what Venezuela buys from the United States.

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Venezuela is the United States’ 54th-largest customer, with 0.22% of its exports.

• Trade between Venezuela and the United States
• Who does Venezuela rely on?
• Who does the United States rely on?
• Dependence of Venezuela on China
• Trade profile of Venezuela
• Trade profile of the United States
• All countries

Sources and licenses

• CEPII BACI · Licence Ouverte Etalab 2.0
• Natural Earth · Public domain

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.