Destination
Italy
- Latest exports
- $36.5M
- Market share
- 16.2%
- Growth
- +22%
- Access
- 0% tariff
- Signal
- Accelerating
T3 · Product exporter position
Venezuela exports of Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms (HS 720310)
See where Venezuela stands in ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms: export scale, destination breadth, market position, growth, and reported trade history.
Latest exports
$249.9MLatest observed lane totalDestination markets
7Reported active marketsThree-year growth
-20.4%Annualized changeDestination HHI
709Destination concentrationWeighted share
22.9%Reported market positionExporter evidence
How strong is Venezuela in Ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms?
Reported exporter totals and calculated indicators for HS 720310. Values retain their observed coverage period.
Exporter scale
Latest exports$249.9M
Current 2024 exports$97.0M
Three-year average$118.9M
Historical peak$1.5B
Market position
Active destinations7
Destination HHI709
Weighted share22.9%
Share change+5.8 pp
Competitiveness
Three-year growth-20.4%
Volatility0.7
Maximum drawdown69%
TrendRapid decline
| Measure | Value | What it describes |
|---|---|---|
| Exporter | Venezuela | Country represented by this profile |
| Latest observed exports | $249.9M | Sum of latest observed destination-lane values |
| Current 2024 exports | $97.0M | Common-year comparison where reported |
| Three-year growth | -20.4% | Annualized change in exporter totals |
| Five-year growth | -7.3% | Annualized change in exporter totals |
| Leading destination | ITA | Destination with the largest observed export value |
| Leading destination share | 14.6% | Share of observed exporter totals |
| Destination concentration | 709 | HHI across destination markets |
| Weighted share change | +5.8 pp | Value-weighted latest change in market share |
| Limited-history lanes | 53.1% | Share of lanes with shorter history |
Destination markets
Where does Venezuela sell ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms?
Leading destination observations ranked by reported export value, with market position and access context.
| Destination | Latest exports | Market share | Growth | Access | Signal |
|---|---|---|---|---|---|
| Italy | $36.5M | 16.2% | +22% | 0% tariff | Accelerating |
| Turkey | $32.7M | 12.8% | +13.4% | 0.1% tariff | Accelerating |
| USA, Puerto Rico and US Virgin Islands | $24.8M | 3.9% | +0.2% | 0% tariff | Slowing |
| China | $14.7M | 12.2% | -60.6% | 0.3% tariff | Growing |
| Germany | $14.5M | 8.5% | -1.7% | 0% tariff | Accelerating |
| Oman | $12.6M | 7.1% | +0% | 0.1% tariff | Declining |
| Indonesia | $8.9M | 15.4% | +58.8% | 0.2% tariff | Accelerating |
| Portugal | $8.9M | 39.8% | -27.7% | 0% tariff | Growing |
Destination
Turkey
- Latest exports
- $32.7M
- Market share
- 12.8%
- Growth
- +13.4%
- Access
- 0.1% tariff
- Signal
- Accelerating
Destination
USA, Puerto Rico and US Virgin Islands
- Latest exports
- $24.8M
- Market share
- 3.9%
- Growth
- +0.2%
- Access
- 0% tariff
- Signal
- Slowing
Destination
China
- Latest exports
- $14.7M
- Market share
- 12.2%
- Growth
- -60.6%
- Access
- 0.3% tariff
- Signal
- Growing
Destination
Germany
- Latest exports
- $14.5M
- Market share
- 8.5%
- Growth
- -1.7%
- Access
- 0% tariff
- Signal
- Accelerating
Destination
Oman
- Latest exports
- $12.6M
- Market share
- 7.1%
- Growth
- +0%
- Access
- 0.1% tariff
- Signal
- Declining
Destination
Indonesia
- Latest exports
- $8.9M
- Market share
- 15.4%
- Growth
- +58.8%
- Access
- 0.2% tariff
- Signal
- Accelerating
Destination
Portugal
- Latest exports
- $8.9M
- Market share
- 39.8%
- Growth
- -27.7%
- Access
- 0% tariff
- Signal
- Growing
Price intelligence
How does Venezuela's price position vary?
Price comparisons are shown where market-level unit-value observations are available. They describe reported trade values and quantities, not quoted selling prices.
Highest reported price
Oman: $6.5K / ton.
Lowest reported price
Germany: $69.8 / ton.
Median price
$305.5 / ton across reported markets.
Export trend
Reported export history
Annual observations for Venezuela and HS 720310 where available.
| Year | Exports | Year-on-year change | Active destinations |
|---|---|---|---|
| 2010 | $558.8M | +68.4% | 18 |
| 2011 | $467.1M | -16.4% | 13 |
| 2012 | $421.5M | -9.8% | 13 |
| 2013 | $251.6M | -40.3% | 14 |
| 2014 | $226.4M | -10% | 18 |
| 2015 | $181.2M | -19.9% | 19 |
| 2016 | $153.9M | -15.1% | 19 |
| 2017 | $195.6M | +27.1% | 17 |
| 2018 | $166.6M | -14.8% | 14 |
| 2019 | $141.8M | -14.9% | 9 |
| 2020 | $297.5M | +109.8% | 6 |
| 2021 | $192.6M | -35.3% | 8 |
| 2022 | $163.9M | -14.9% | 9 |
| 2023 | $95.7M | -41.6% | 7 |
| 2024 | $97.0M | +1.3% | 7 |
Exporter context
Venezuela economy and trade network
The exporter profile adds country-level trade and structural context to the selected product position. These indicators describe the country overall and are not limited to HS 720310.
Venezuela has reported exports of $13.2B and a trade balance of -$1.1B in 2024.
Available structural indicators include 14.4% trade openness, 20.6% investment, and 270 active trade partners.
Reported values
Export totals and destination values describe reported merchandise trade for the stated exporter, HS6 classification, and available year.
Calculated indicators
Growth, concentration, weighted share, volatility, drawdown, and price comparisons are calculated from reported observations.
Coverage
Missing values remain “Not reported”. Country-level indicators are presented separately from product-level observations.
Frequently asked questions
Questions about Venezuela ferrous products: obtained by direct reduction of iron ore, in lumps, pellets or similar forms exports
Quick answers based on the figures and coverage shown on this page.
How strong is this exporter?+
Use latest exports, destination breadth, growth, concentration, and weighted share together rather than relying on one measure.
Which markets are most important?+
The destination table ranks reported markets by the latest observed export value.
Does the price section show quotes?+
No. It summarizes reported trade value and quantity observations converted to unit values.
What should be checked next?+
Compare this exporter with buyer markets, corridors, and the product overview before making a commercial decision.