{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:12.839Z",
  "seo": {
    "title": "Italy exports to Venezuela: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Italy to Venezuela, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "ITA",
    "country_name": "Italy"
  },
  "importer": {
    "iso3": "VEN",
    "country_name": "Venezuela"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "ITA",
    "importer_iso3": "VEN",
    "all_history_lane_count": 135,
    "current_lane_count": 113,
    "current_product_count": 113,
    "first_observed_last_year": 2000,
    "latest_data_year": 2024,
    "current_trade_usd": 107007947.23013414,
    "attention_trade_usd": 78257843.39700001,
    "critical_trade_usd": 19347714.161999997,
    "high_volatility_trade_usd": 52449647.487153485,
    "unrecovered_drawdown_trade_usd": 67715451.42076698,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 79075088.80176705,
    "access_friction_trade_usd": 107007947.23013414,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 1,
    "high_attention_lane_count": 21,
    "high_volatility_lane_count": 44,
    "unrecovered_drawdown_lane_count": 90,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 95,
    "access_friction_lane_count": 113,
    "trade_weighted_volatility_cv": 1.139489208051132,
    "trade_weighted_below_peak_pct": 53.03832503698299,
    "product_concentration_hhi": 587.5265471402976,
    "top1_product_share_pct": 18.080632946252383,
    "top3_product_share_pct": 32.84269818616157,
    "top_product_hs6": "271012",
    "top_product_trade_usd": 19347714.161999997,
    "top_product_description": "",
    "top_attention_product_hs6": "271012",
    "top_attention_product_reason": "Current trade remains more than 50% below its historical peak",
    "distance_km": 8360.6162109375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.03959999978542328,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 16.56383218787879,
    "avg_mfn_tariff_pct": 16.56383218787879,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 230,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 438283.56710399996,
    "buyer_gdp_pc_latest": 14415,
    "buyer_population_latest": 28704.947,
    "buyer_gdp_5y_cagr_pct": 10.410959418571952,
    "buyer_gdp_pc_5y_cagr_pct": 10.821892213210415,
    "buyer_population_5y_cagr_pct": -0.37080470873739335,
    "buyer_investment_5y_avg_pct": 20.625999999999998,
    "buyer_savings_5y_avg_pct": 16.182000000000002,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 73.1327395980194,
    "critical_trade_share_pct": 18.080632946252383,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "High attention",
    "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction",
    "buyer_gdp_mn_2024": 438283.56710399996,
    "buyer_gdp_pc_2024": 14415,
    "buyer_population_2024": 28704.947
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 385634587.3784701,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 435014331.3686885,
      "yoy_growth_pct": 12.804801645490382,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 571380122.708623,
      "yoy_growth_pct": 31.347425017214015,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 667590205.9383712,
      "yoy_growth_pct": 16.838192195707634,
      "cagr_3y_pct": 20.072805856188513
    },
    {
      "year": 1999,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 1039807993.2163057,
      "yoy_growth_pct": 55.755429598422836,
      "cagr_3y_pct": 33.70568159537897
    },
    {
      "year": 2000,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 653167258.317821,
      "yoy_growth_pct": -37.18385869515565,
      "cagr_3y_pct": 4.56020502893506
    },
    {
      "year": 2001,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 648689632.5535948,
      "yoy_growth_pct": -0.6855251403381613,
      "cagr_3y_pct": -0.9527702043994224
    },
    {
      "year": 2002,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 548351902.4230808,
      "yoy_growth_pct": -15.467756087842844,
      "cagr_3y_pct": -19.20793021810051
    },
    {
      "year": 2003,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 284607655.6834997,
      "yoy_growth_pct": -48.09762591761545,
      "cagr_3y_pct": -24.18751647263533
    },
    {
      "year": 2004,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 478974958.50892496,
      "yoy_growth_pct": 68.29306905277805,
      "cagr_3y_pct": -9.615918191509554
    },
    {
      "year": 2005,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 554003006.6620038,
      "yoy_growth_pct": 15.66429451482081,
      "cagr_3y_pct": 0.3423471859807403
    },
    {
      "year": 2006,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 811810735.3857615,
      "yoy_growth_pct": 46.53543854881021,
      "cagr_3y_pct": 41.819539451372
    },
    {
      "year": 2007,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 1017428537.333339,
      "yoy_growth_pct": 25.328293034936355,
      "cagr_3y_pct": 28.547519897739516
    },
    {
      "year": 2008,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 1113031348.9685764,
      "yoy_growth_pct": 9.396513674150576,
      "cagr_3y_pct": 26.182295835874303
    },
    {
      "year": 2009,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 932307154.0868531,
      "yoy_growth_pct": -16.23711632643562,
      "cagr_3y_pct": 4.721231847049623
    },
    {
      "year": 2010,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 796356763.093799,
      "yoy_growth_pct": -14.582146066036639,
      "cagr_3y_pct": -7.841672193412952
    },
    {
      "year": 2011,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 1015147006.8685578,
      "yoy_growth_pct": 27.47389787019221,
      "cagr_3y_pct": -3.021860666090026
    },
    {
      "year": 2012,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 1422035046.4485202,
      "yoy_growth_pct": 40.0816863791085,
      "cagr_3y_pct": 15.11107092188253
    },
    {
      "year": 2013,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 1055023365.8936164,
      "yoy_growth_pct": -25.80890544656419,
      "cagr_3y_pct": 9.829279653691025
    },
    {
      "year": 2014,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 903912814.044584,
      "yoy_growth_pct": -14.322957835255156,
      "cagr_3y_pct": -3.7946549568194987
    },
    {
      "year": 2015,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 567957219.774838,
      "yoy_growth_pct": -37.166813994648784,
      "cagr_3y_pct": -26.356383413680785
    },
    {
      "year": 2016,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 282402227.7033083,
      "yoy_growth_pct": -50.277552979207776,
      "cagr_3y_pct": -35.55310275384021
    },
    {
      "year": 2017,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 189544423.68068466,
      "yoy_growth_pct": -32.88139926437833,
      "cagr_3y_pct": -40.58973497999697
    },
    {
      "year": 2018,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 179034614.45483807,
      "yoy_growth_pct": -5.544773632355393,
      "cagr_3y_pct": -31.942844482220334
    },
    {
      "year": 2019,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 84446333.73031425,
      "yoy_growth_pct": -52.83239836751454,
      "cagr_3y_pct": -33.12903963900021
    },
    {
      "year": 2020,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 161785887.84566867,
      "yoy_growth_pct": 91.58426505802386,
      "cagr_3y_pct": -5.14143696351399
    },
    {
      "year": 2021,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 105530506.03632578,
      "yoy_growth_pct": -34.77150112314259,
      "cagr_3y_pct": -16.154388118217245
    },
    {
      "year": 2022,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 141985536.50113332,
      "yoy_growth_pct": 34.54454245889711,
      "cagr_3y_pct": 18.910745670601404
    },
    {
      "year": 2023,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 162535452.6826554,
      "yoy_growth_pct": 14.47324614036165,
      "cagr_3y_pct": 0.1541976708996362
    },
    {
      "year": 2024,
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "export_value_usd": 193717852.70913762,
      "yoy_growth_pct": 19.184983652375664,
      "cagr_3y_pct": 22.4420358201759
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "hs_code": "271012",
      "hs_description": "",
      "buyer_imports_latest_usd": 2141787444.224215,
      "current_below_peak_pct": 70.51456118771681,
      "lane_volatility_cv": 1.8972759653889915,
      "attention_level": "Critical attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "hs_code": "841490",
      "hs_description": "Pumps and compressors: parts, of air or vacuum pumps, air or other gas compressors and fans, ventilating or recycling hoods incorporating a fan",
      "buyer_imports_latest_usd": 16785199.617144287,
      "current_below_peak_pct": 65.75198702049944,
      "lane_volatility_cv": 1.0085465788968668,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "hs_code": "210690",
      "hs_description": "Food preparations: n.e.s. in item no. 2106.10",
      "buyer_imports_latest_usd": 125834202.59241943,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.2509523264613907,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "hs_code": "330300",
      "hs_description": "Perfumes and toilet waters",
      "buyer_imports_latest_usd": 28682336.38801709,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.9578674516730985,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "hs_code": "040690",
      "hs_description": "Dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406",
      "buyer_imports_latest_usd": 13535415.555637766,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.8100731074215926,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "hs_code": "870324",
      "hs_description": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000cc",
      "buyer_imports_latest_usd": 74532978.27117062,
      "current_below_peak_pct": 1.672985529788899,
      "lane_volatility_cv": 0.8501263766632547,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "hs_code": "870323",
      "hs_description": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc",
      "buyer_imports_latest_usd": 121156696.34696308,
      "current_below_peak_pct": 77.95862321542089,
      "lane_volatility_cv": 1.830302060512712,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "hs_code": "711319",
      "hs_description": "Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof",
      "buyer_imports_latest_usd": 12070176.288999999,
      "current_below_peak_pct": 75.37638284349238,
      "lane_volatility_cv": 0.6977867802837657,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "hs_code": "200290",
      "hs_description": "Vegetable preparations: tomatoes, (other than whole or in pieces), prepared or preserved otherwise than by vinegar or acetic acid",
      "buyer_imports_latest_usd": 22029361.174650975,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.9494464819428182,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ITA",
      "importer_iso3": "VEN",
      "hs_code": "842290",
      "hs_description": "Machinery: parts of machinery of heading no. 8422",
      "buyer_imports_latest_usd": 10970517.514677359,
      "current_below_peak_pct": 79.45274321721931,
      "lane_volatility_cv": 0.7341477141734951,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "ITA",
    "importer_iso3": "VEN",
    "distance_km": 8361,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 1,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 438283.56710399996,
    "importer_gdp_per_capita_usd": 15268.57259496072,
    "importer_population": 28704.947,
    "importer_biz_entry_days": 230,
    "importer_biz_entry_cost_pct": 211.8,
    "exporter_gdp_million_usd": 2099880.198259,
    "exporter_gdp_per_capita_usd": 35551.286193786254,
    "avg_applied_tariff_pct": 16.56383218787879,
    "avg_mfn_tariff_pct": 16.56383218787879,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/ITA-VEN/risk",
    "html": "https://www.yugalinks.com/trade/corridor/ITA-VEN/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/ITA-VEN/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/ITA-VEN/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/ITA-VEN/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}