Organic Chemicals Export of Venezuela: The Detailed Trade Analysis of 2024

Venezuela, situated on the northern coast of South America bordered by the Caribbean Sea, Colombia, Brazil, and Guyana to the north, south, and west, has emerged as a leading exporter of organic chemicals in the international trade market. The export authorities of Venezuela have recorded a notable rise in the organic chemical exports mainly due to the diversification beyond oil and the strong demand from key markets like China, Brazil, and the Netherlands. Venezuela Import Data says, the improved production capacity of the industrial sectors and the shift of the government authorities towards the global supply chain have resulted in a positive upward trajectory of the revenue rate.

The economic diversification and the trade balance and revenue rate maintained by the authorities accompanied by the industrial development have led to an export trade value of organic chemicals worth 4 billion US dollars in 2024. Import Globals with its Venezuela trade data provides a brief overview of the total amount of organic Chemicals exported from the nation catering to the needs of business holders regarding the latest marketing strategies taken up to have an upward trajectory in their trade expansion.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF ORGANIC CHEMICALS FROM VENEZUELA IN 2024

The government authorities of Venezuela have been working in a continuous manner to fuel the overall revenue rate of the organic Chemicals export sector. The expansion of the petrochemical zones designated for the special industrial areas offered tax incentives and subsidized utilities for attracting foreign investors. The bilateral trade agreement signed with emerging markets has negotiated the tariff while streamlining the customs procedures for facilitating export revenue.

The collaboration of the government authorities with the Biotic Institute and high-value chemical compounds has generated funds for the R&D development of sustainable production methods. The modernization of the export infrastructure has also been pivotal as the upgradation of the port facilities has introduced digital export tracking systems enhancing the transparency and efficiency of trades.

THE LEADING VARIANTS OF ORGANIC CHEMICALS EXPORTED FROM VENEZUELA IN 2024

Venezuela thriving as a top organic chemicals exporter has recorded diversification in its export portfolio. The efficient productivity of manufacturing units has been pivotal to their expanded global reach. According to the Venezuela Export Data, the top 10 leading variants of organic Chemicals exported from the nation in 2024 are,

  • Acyclic alcohols — The export trade value of Acyclic alcohols from Venezuela in 2024–987 million US dollars
  • Hydrocarbons and derivatives — The export trade value of Hydrocarbons and derivatives from Venezuela in 2024–824 million US dollars
  • Halogenated derivatives– The export trade value of Halogenated derivatives from Venezuela in 2024–765 million US dollars
  • Sulphonated compounds– The export trade value of Sulphonated compounds from Venezuela in 2024–687 million US dollars
  • Nitrated Organic compounds– The export trade value of Nitrated Organic compounds from Venezuela in 2024–598 million US dollars
  • Aromatic hydrocarbons– The export trade value of Aromatic hydrocarbons from Venezuela in 2024–465 million US dollars
  • Organic acids– The export trade value of Organic acids from Venezuela in 2024–389 million US dollars
  • Esters — The export trade value of Esters from Venezuela in 2024–276 million US dollars
  • Amines — The export trade value of Amines from Venezuela in 2024–223 million US dollars
  • Phenols– The export trade value of Phenols from Venezuela in 2024 –168 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF VENEZUELA FOR ORGANIC CHEMICALS IN 2024

The valuable pricing strategy offered by the export economy of Venezuela has attracted different foreign traders worldwide. According to the Venezuela Customs Data; the top 10 export trade partners of the nation in 2024 are,

  1. China — The annual valuation of organic chemicals exported from Venezuela to China in 2024–942 million US dollars

Top 5 variants of organic chemicals exported

1. Maleic acid

2. Fumaric acid

3. Tartaric acid

4. Lactic acid

5. Succinic acid

2. Netherlands — The annual valuation of organic chemicals exported from Venezuela to the Netherlands in 2024–859 million US dollars

Top 5 variants of organic chemicals exported

1. Propionic acid

2. Butyric acid

3. Benzoic acid

4. Salicylic acid

5. Citric acid

3. Brazil — The annual valuation of organic chemicals exported from Venezuela to Brazil in 2024–764 million US dollars

Top 5 variants of organic chemicals exported

1. Nitromethane

2. Nitroethane

3. Organic acids

4. Acetic acid

5. Formic acid

4. United States — The annual valuation of organic chemicals exported from Venezuela to the United States in 2024–625 million US dollars

Top 5 variants of organic chemicals exported

1. Sulphonated hydrocarbons

2. Sulphuric acid esters

3. Sulphonated toluene

4. Sulphonated naphthalene

5. Nitrated hydrocarbons

5. Poland — The annual valuation of organic chemicals exported from Venezuela to Poland in 2024–593 million US dollars

Top 5 variants of organic chemicals exported

1. Trichloroethylene

2. Tetrachloroethylene

3. Vinyl chloride

4. Fluorobenzene

5. Bromobenzene

6. Italy — The annual valuation of organic chemicals exported from Venezuela to Italy in 2024–467 million US dollars

Top 5 variants of organic chemicals exported

1. Anthracene

2. Halogenated hydrocarbons

3. Chloroform

4. Carbon tetrachloride

5. Dichloromethane

7. India — The annual valuation of organic chemicals exported from Venezuela to India in 2024–384 million US dollars

Top 5 variants of organic chemicals exported

1. Xylene

2. Ethylbenzene

3. Styrene

4. Cumene

5. Naphthalene

8. Spain — The annual valuation of organic chemicals exported from Venezuela to Spain in 2024–298 million US dollars

Top 5 variants of organic chemicals exported

1. Cresol

2. Hydroquinone

3. Catechol

4. Toluene

5. Benzene

9. Singapore — The annual valuation of organic chemicals exported from Venezuela to Singapore in 2024–165 million US dollars

Top 5 variants of organic chemicals exported

1. Hexanol

2. Cyclohexanol

3. Benzyl alcohol

4. Phenol

5. Cresol

10. Colombia — The annual valuation of organic chemicals exported from Venezuela to Colombia in 2024–124 million US dollars

Top 5 variants of organic chemicals exported

1. Acyclic alcohols

2. Ethanol

3. Methanol

4. Isopropanol

5. Butanol

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