Steel Billets Export of Venezuela in 2024: The Commodity Shaping the Export Landscape

Steel Billets: A rectangular or square-shaped metal bar made from continuous hot rolling of steel. The specific commodity is used for producing different types of steel essentials like wire rods, pipes, tubes, and other hardware materials. It is preferred for global trade because of its universal use in steel manufacturing and the imbalances in different locations across the globe for its production. The cost efficiency versus the price volatility has maintained continuity in the global trade of steel billets. Venezuela Import Data says, the country in northern South America, bordered by Colombia and Brazil to the southwest, has recorded itself as a leading exporter of steel billets in the worldwide trade market.

Due to the domestic iron ore mining assets and the closer proximity to Caribbean and Latin American markets. The private sector interest and the existing workforce in the steelmaking industry have resulted in an export trade value of steel billets worth 810 million US dollars in 2024. The reliable access of the country to metallurgical coal or coke has promoted the integration with the global trade alignment. Subscribe to Import Globals, the leading Venezuela import export trade provider, to stay updated with the latest information regarding the steel billets export of Venezuela via the Venezuela Trade Data.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF STEEL BILLETS FROM VENEZUELA IN 2024

The law for the promotion of non-oil exports has simplified the export procedures while providing institutional support to non-oil exporters. The creation of an export promotion agency has reduced the export risk while increasing the competitiveness of Venezuela in the international trade market. 

The National Export-Oriented Training Program has improved the capacity of small and medium producers to persuade the domestic authorities to meet the international standards. The special economic zones law has lowered the production export cost. The attraction of foreign investment into critical minerals has enhanced the ability of the country to produce billets for export at a favorable quality.

THE LEADING VARIANTS OF STEEL BILLETS EXPORTED FROM VENEZUELA IN 2024

The potential export rebate schemes and the local demand fluctuations promoting the diversion of billets to the export markets have resulted in diversification. According to the Venezuela Export Data, the top 10 leading variants of steel billets exported from the nation in 2024 are,

  1. Carbon Steel Billets - The total valuation of Carbon Steel Billets exported from Venezuela in 2024 - 245 million US dollars 
  2. Mild Steel Billets- The total valuation of Mild Steel Billets exported from Venezuela in 2024 - 167 million US dollars 
  3. Alloy Steel Billets- The total valuation of Alloy Steel Billets exported from Venezuela in 2024 - 143 million US dollars 
  4. Low-Carbon Steel Billets- The total valuation of Low-Carbon Steel Billets exported from Venezuela in 2024 - 128 million US dollars 
  5. Medium-Carbon Steel Billets- The total valuation of Medium-Carbon Steel Billets exported from Venezuela in 2024 - 119 million US dollars 
  6. High-Carbon Steel Billets- The total valuation of High-Carbon Steel Billets exported from Venezuela in 2024 - 87 million US dollars 
  7. Structural Steel Billets- The total valuation of Structural Steel Billets exported from Venezuela in 2024 - 75 million US dollars 
  8. Continuous-Cast Steel Billets- The total valuation of Continuous-Cast Steel Billets exported from Venezuela in 2024 - 65 million US dollars 
  9. Square Steel Billets- The total valuation of Square Steel Billets exported from Venezuela in 2024 - 58 million US dollars 
  10. Round Steel Billets- The total valuation of Round Steel Billets exported from Venezuela in 2024 - 42 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF VENEZUELA IN 2024

The existing transport links and the availability of port-side storage and handling equipment have modified the bilateral relationships with the topmost importing regions worldwide. According to the Venezuela Customs Data, the top 10 export trade partners of the nation for steel billets exports in 2024 are,

  • United States - The annual valuation of steel billets exported from Venezuela to the United States in 2024 - 316 million US dollars 

Top 5 variants of steel billets exported 

  • Energy-Sector Billets
  • Petrochemical-Grade Steel Billets
  • Heavy-Duty Structural Billets
  • Light-Gauge Steel Billets
  • Galvanizing-Grade Steel Billets
  • Colombia - The annual valuation of steel billets exported from Venezuela to Colombia in 2024 - 154 million US dollars 

Top 5 variants of steel billets exported 

  • Silicon Steel Billets
  • Ferritic Steel Billets
  • Austenitic Steel Billets
  • Martensitic Steel Billets
  • Pre-Stressed Steel Billets
  • Ecuador - The annual valuation of steel billets exported from Venezuela to Ecuador in 2024 - 121 million US dollars 

Top 5 variants of steel billets exported 

  • Wear-Resistant Steel Billets
  • High-Durability Steel Billets
  • High-Purity Steel Billets
  • Oxygen-Blown Steel Billets
  • Electric-Arc Furnace (EAF) Billets
  • Peru - The annual valuation of steel billets exported from Venezuela to Peru in 2024 - 108 million US dollars 

Top 5 variants of steel billets exported 

  • Pipe-Grade Steel Billets
  • Seamless Tube Billets
  • Casting-Grade Steel Billets
  • Precision Steel Billets
  • High-Yield Steel Billets
  • Spain - The annual valuation of steel billets exported from Venezuela to Spain in 2024 - 94 million US dollars 

Top 5 variants of steel billets exported 

  • Tempered Steel Billets
  • Hot-Rolled Steel Billets
  • Cold-Rolled Steel Billets
  • High-Speed Steel Billets
  • Forging-Grade Steel Billets
  • Mexico - The annual valuation of steel billets exported from Venezuela to Mexico in 2024 - 82 million US dollars 

Top 5 variants of steel billets exported 

  • Duplex Stainless Steel Billets
  • Super Duplex Stainless Steel Billets
  • Heat-Treated Steel Billets
  • Normalized Steel Billets
  • Quenched Steel Billets
  • India - The annual valuation of steel billets exported from Venezuela to India in 2024 - 72 million US dollars 

Top 5 variants of steel billets exported 

  • Molybdenum-Alloyed Steel Billets
  • Titanium-Alloyed Steel Billets
  • Tool Steel Billets
  • Spring Steel Billets
  • Stainless Steel Billets
  • Netherlands - The annual valuation of steel billets exported from Venezuela to the Netherlands in 2024 - 65 million US dollars 

Top 5 variants of steel billets exported 

  • Boron-Alloyed Steel Billets
  • Chromium-Alloyed Steel Billets
  • Manganese-Alloyed Steel Billets
  • Vanadium-Alloyed Steel Billets
  • Nickel-Alloyed Steel Billets
  • Chile - The annual valuation of steel billets exported from Venezuela to Chile in 2024 - 54 million US dollars 

Top 5 variants of steel billets exported 

  • Square Steel Billets
  • Round Steel Billets
  • Rectangular Steel Billets
  • Special Alloy Billets
  • Micro-Alloyed Steel Billets
  • Brazil - The annual valuation of steel billets exported from Venezuela to Brazil in 2024 - 48 million US dollars 

Top 5 variants of steel billets exported 

  • Low-Carbon Steel Billets
  • Medium-Carbon Steel Billets
  • High-Carbon Steel Billets
  • Structural Steel Billets
  • Continuous-Cast Steel Billets

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