# Venezuela exports to Spain: Trade Route Risk | Yugalinks

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

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

## Route overview

In 2024, Venezuela reported $1.4B in goods exports to Spain. 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 | $1.4B | 2024 route total |
| Exports needing review | 7% | Share of route exports |
| Highest-priority products | 0 | Need the closest review |
| Products needing review | 7 | High-attention product types |
| Export volatility | 0.9 | Higher means bigger yearly swings |
| Below highest year | 33.1% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 270900 | Oils: petroleum oils and oils obtained from bituminous minerals, crude | $34.4B | 30.3% | Stable |
| 2 | 271019 | Not reported | $8.1B | 86.8% | High attention |
| 3 | 030617 | Crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water | $1.1B | 16.7% | Stable |
| 4 | 760110 | Aluminium: unwrought, (not alloyed) | $369.9M | 0% | Watch |
| 5 | 220840 | Rum and other spirits obtained by distilling fermented sugar-cane products | $227.9M | 87.5% | High attention |
| 6 | 270799 | Oils and other products of the distillation of high temperature coal tar: n.e.s. in heading no. 2707 | $932.4M | 0% | Watch |
| 7 | 270112 | Coal: bituminous, whether or not pulverised, but not agglomerated | $581.1M | 78.1% | High attention |
| 8 | 180400 | Cocoa: butter, fat and oil | $135.8M | 0% | High attention |
| 9 | 720310 | Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms | $77.1M | 98% | High attention |
| 10 | 720421 | Ferrous waste and scrap: of stainless steel | $278.8M | 93.4% | High attention |

## 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.