# Portugal exports to Venezuela: Trade Route Risk | Yugalinks

Understand reported exports from Portugal to Venezuela, the product routes that need a closer look, and the conditions that may affect planning.

Canonical: https://www.yugalinks.com/trade/corridor/PRT-VEN/risk

## Route overview

In 2024, Portugal reported $5.6M in goods exports to Venezuela. The overall review level is Watch.

## How to read this page

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain. An HS6 code is the international six-digit code used to describe and compare traded goods.

## Key numbers

| Measure | Value | What it means |
| --- | ---: | --- |
| Latest reported exports | $5.6M | 2024 route total |
| Exports needing review | 21.6% | Share of route exports |
| Highest-priority products | 0 | Need the closest review |
| Products needing review | 1 | High-attention product types |
| Export volatility | 1.1 | Higher means bigger yearly swings |
| Below highest year | 54.2% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 150910 | Vegetable oils: olive oil and its fractions, virgin, whether or not refined, but not chemically modified | $11.0M | 75.5% | High attention |
| 2 | 220421 | Wine: still, in containers holding 2 litres or less | $10.6M | 74.5% | Watch |
| 3 | 230910 | Dog or cat food: put up for retail sale, used in animal feeding | $16.2M | 0% | Watch |
| 4 | 940360 | Furniture: wooden, other than for office, kitchen or bedroom use | $16.4M | 0% | Watch |
| 5 | 300490 | Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $170.9M | 97.6% | Watch |
| 6 | 690721 | Ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5% | $27.5M | 85.5% | Watch |
| 7 | 940161 | Seats: with wooden frames, upholstered, (excluding medical, surgical, dental, veterinary or barber furniture) | $12.2M | 38.7% | Watch |
| 8 | 300590 | Wadding, gauze, bandages and similar articles: (excluding adhesive dressings), impregnated or coated with pharmaceutical substances, packaged for retail sale | $11.2M | 12.2% | Watch |
| 9 | 853710 | Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts | $38.5M | 82.5% | Watch |
| 10 | 320890 | Paints and varnishes: based on polymers n.e.s. in heading no. 3208, dispersed or dissolved in a non-aqueous medium | $14.6M | 0% | Watch |

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.