Summary
- India → Venezuela
- $217million
- Venezuela → India
- $2billion
- India’s balance
- -$1.8billion
Balance
India’s trade balance with Venezuela
Trade between India and Venezuela grew 76.4-fold since 1995
USD billions (current). India’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0.2
- Imports 2
- Balance -1.8
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $18 million | $12 million | $7 million |
| 1996 | $21 million | $14 million | $8 million |
| 1997 | $30 million | $14 million | $16 million |
| 1998 | $39 million | $10 million | $29 million |
| 1999 | $45 million | $5 million | $40 million |
| 2000 | $46 million | $185 million | -$139 million |
| 2001 | $76 million | $463 million | -$387 million |
| 2002 | $49 million | $358 million | -$309 million |
| 2003 | $34 million | $5 million | $29 million |
| 2004 | $72 million | $12 million | $61 million |
| 2005 | $101 million | $27 million | $74 million |
| 2006 | $137 million | $395 million | -$258 million |
| 2007 | $164 million | $536 million | -$372 million |
| 2008 | $225 million | $4.1 billion | -$3.9 billion |
| 2009 | $261 million | $1.8 billion | -$1.6 billion |
| 2010 | $252 million | $5 billion | -$4.7 billion |
| 2011 | $344 million | $6 billion | -$5.7 billion |
| 2012 | $382 million | $12.1 billion | -$11.7 billion |
| 2013 | $294 million | $15 billion | -$14.7 billion |
| 2014 | $238 million | $13.2 billion | -$13 billion |
| 2015 | $158 million | $6.6 billion | -$6.5 billion |
| 2016 | $73 million | $5.1 billion | -$5 billion |
| 2017 | $82 million | $5.9 billion | -$5.8 billion |
| 2018 | $73 million | $7.4 billion | -$7.4 billion |
| 2019 | $241 million | $5.7 billion | -$5.4 billion |
| 2020 | $758 million | $2.3 billion | -$1.6 billion |
| 2021 | $312 million | $99 million | $213 million |
| 2022 | $189 million | $228 million | -$39 million |
| 2023 | $155 million | $202 million | -$47 million |
| 2024 | $217 million | $2 billion | -$1.8 billion |
What they sell each other
What India sells to Venezuela
The top 10 headings in 2024, with their share of the total.
What Venezuela sells to India
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Nhava Sheva (Mumbai) and Puerto La Cruz is 10,252 nautical miles (18,986 km) long: ≈ 23.5–30.5 days at sea (at 18 and 14 knots).
Because of the 2024 disruptions, traffic is split: 85% via the Cape of Good Hope (10,252 nautical miles); and 15% via the Bab-el-Mandeb Strait, the Suez Canal and the Strait of Gibraltar (8,836 nautical miles).
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Venezuela was India’s 57th largest trading partner (0.2% of its trade), and India was Venezuela’s 3rd (8%).
- Venezuela in India’s trade
- 0.2%
- Venezuela’s rank among India’s partners
- 57th
- India in Venezuela’s trade
- 8.2%
- India’s rank among Venezuela’s partners
- 3rd
Compare with
Other partners of India
Other partners of Venezuela
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.