# Venezuela Oils: petroleum oils and oils obtained from bituminous minerals, crude price positioning (HS 270900)

Canonical: https://www.yugalinks.com/trade/price-exporter/ven/270900
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Venezuela has a median reported export price of $329.3/t across 13 markets. Across the reported period, the highest observed price is $666.1/t in Italy; the lowest is $191.1/t in Spain.

## Summary

- Price spread: 144.2%
- Total trade value: $47.4B
- Average quantity: 4,145,596 metric tons
- Latest year: 2023

## Price by market

| Market | Latest year | Latest price | Vs median | Year-over-year change | Change since first reported year | Trade value (reported period) | Years reported | Position |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| China | 2019 | $394.8/t | -17.8% | +30.8% | +30.8% | $11.1B | 2 | Mid |
| USA, Puerto Rico and US Virgin Islands | 2023 | $455.5/t | -17% | +3.5% | +13.5% | $15.6B | 4 | Mid |
| India | 2020 | $242.2/t | -27% | -32% | -20.1% | $13.9B | 3 | Below |
| Spain | 2023 | $415.6/t | -30.6% | -26.8% | +36.7% | $2.5B | 5 | Below |
| Cuba | 2020 | $246.4/t | -24.9% | -40% | -40% | $1.3B | 2 | Mid |
| Sweden | 2019 | $346.2/t | -28.1% | +15.7% | +15.7% | $697.7M | 2 | Below |
| Germany | 2019 | $332.6/t | -32.1% | +15.3% | +15.3% | $437.6M | 2 | Below |
| Malaysia | 2020 | $191.4/t | -43.1% | -36.5% | -16.2% | $1.2B | 3 | Below |
| Japan | 2017 | $423.3/t | +5.4% | Not reported | +0% | $133.0M | 1 | Mid |
| Italy | 2022 | $666.1/t | -11.7% | +168.3% | +141% | $440.7M | 4 | Mid |
| Belgium | 2019 | $341.2/t | -42.9% | +3.6% | +3.6% | $62.6M | 2 | Below |
| United Kingdom | 2019 | $345.0/t | -29.7% | +13.9% | +13.9% | $77.3M | 2 | Below |
| Greece | 2020 | $329.2/t | -1.8% | Not reported | +0% | $16.5M | 1 | Mid |

## Price history

- China: 2017 $301.7/t, 2019 $394.8/t
- USA, Puerto Rico and US Virgin Islands: 2017 $401.4/t, 2019 $481.9/t, 2020 $440.2/t, 2023 $455.5/t
- India: 2017 $303.3/t, 2019 $356.3/t, 2020 $242.2/t
- Spain: 2017 $304.1/t, 2019 $342.1/t, 2020 $191.1/t, 2022 $567.9/t, 2023 $415.6/t
- Cuba: 2019 $410.8/t, 2020 $246.4/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $337.3/t | Not reported | $24.6B | 11 |
| 2019 | $375.0/t | +11.2% | $14.7B | 11 |
| 2020 | $234.6/t | -37.4% | $3.4B | 7 |
| 2022 | $578.0/t | +146.3% | $573.2M | 2 |
| 2023 | $449.2/t | -22.3% | $4.0B | 2 |

## Methodology

Price = reported trade value in USD / reported quantity in metric tons. The median is calculated across reported market unit values for the same product and year. Price spread = (highest market price - lowest market price) / median market price x 100. Vs median = (market unit value - market median) / market median x 100. Price position is not a profitability claim.

Coverage: 2017-2023; 13 importer markets; 33 reported market-year observations.

## FAQ

### What does Venezuela price positioning show for HS 270900?

It compares Venezuela's reported unit values across markets with each market's median for the same product and year.

### What does above or below median mean?

Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.

### How is the export price calculated?

The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.

### Can I compare this with the wider Oils: petroleum oils and oils obtained from bituminous minerals, crude market?

Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.

## Complete structured values

{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "exporter": "VEN",
  "hs_code": "270900",
  "summary": {
    "num_markets": 13,
    "highest_price_importer_iso3": "ITA",
    "highest_price_usd_per_ton": 666.0718313575638,
    "lowest_price_importer_iso3": "ESP",
    "lowest_price_usd_per_ton": 191.14243261969582,
    "median_price_across_markets": 329.30528244333385,
    "price_spread_pct": 144.22161564310554,
    "avg_quantity_metric_tons": 4145595.988909091,
    "total_trade_value_usd": 47377225835
  },
  "marketRows": [
    {
      "year": 2019,
      "exporter_iso3": "VEN",
      "importer_iso3": "CHN",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 394.775365564917,
      "quantity_metric_tons": 11384982,
      "trade_value_usd": 4494510431,
      "market_median_price_usd_per_ton": 479.9878034250408,
      "price_vs_median_pct": -17.753042317341155,
      "price_position": "Mid"
    },
    {
      "year": 2023,
      "exporter_iso3": "VEN",
      "importer_iso3": "USA",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 455.47912745067043,
      "quantity_metric_tons": 7593918.069,
      "trade_value_usd": 3458871176,
      "market_median_price_usd_per_ton": 548.9422803558125,
      "price_vs_median_pct": -17.026043766306593,
      "price_position": "Mid"
    },
    {
      "year": 2020,
      "exporter_iso3": "VEN",
      "importer_iso3": "IND",
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      "unit_value_usd_per_ton": 242.22273278396898,
      "quantity_metric_tons": 9511963,
      "trade_value_usd": 2304013672,
      "market_median_price_usd_per_ton": 331.68777474723163,
      "price_vs_median_pct": -26.972667904761042,
      "price_position": "Budget"
    },
    {
      "year": 2023,
      "exporter_iso3": "VEN",
      "importer_iso3": "ESP",
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      "quantity_metric_tons": 1410718,
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      "price_vs_median_pct": -30.576454576570903,
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    },
    {
      "year": 2020,
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      "quantity_metric_tons": 1653062.6,
      "trade_value_usd": 407316129,
      "market_median_price_usd_per_ton": 328.0802895784532,
      "price_vs_median_pct": -24.89615564507734,
      "price_position": "Mid"
    },
    {
      "year": 2019,
      "exporter_iso3": "VEN",
      "importer_iso3": "SWE",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 346.2204331090412,
      "quantity_metric_tons": 1020990,
      "trade_value_usd": 353487600,
      "market_median_price_usd_per_ton": 481.8181818181818,
      "price_vs_median_pct": -28.142928977368804,
      "price_position": "Budget"
    },
    {
      "year": 2019,
      "exporter_iso3": "VEN",
      "importer_iso3": "DEU",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 332.5656396221536,
      "quantity_metric_tons": 746747.9,
      "trade_value_usd": 248342693,
      "market_median_price_usd_per_ton": 489.4880498813596,
      "price_vs_median_pct": -32.05847625845826,
      "price_position": "Budget"
    },
    {
      "year": 2020,
      "exporter_iso3": "VEN",
      "importer_iso3": "MYS",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 191.36290863476947,
      "quantity_metric_tons": 1171890,
      "trade_value_usd": 224256279,
      "market_median_price_usd_per_ton": 336.4358415890013,
      "price_vs_median_pct": -43.120534443965894,
      "price_position": "Budget"
    },
    {
      "year": 2017,
      "exporter_iso3": "VEN",
      "importer_iso3": "JPN",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 423.26482407103975,
      "quantity_metric_tons": 314303,
      "trade_value_usd": 133033404.00000001,
      "market_median_price_usd_per_ton": 401.4460611821029,
      "price_vs_median_pct": 5.435042213314805,
      "price_position": "Mid"
    },
    {
      "year": 2022,
      "exporter_iso3": "VEN",
      "importer_iso3": "ITA",
      "hs_code": "270900",
      "unit_value_usd_per_ton": 666.0718313575638,
      "quantity_metric_tons": 102323,
      "trade_value_usd": 68154468,
      "market_median_price_usd_per_ton": 754.043546136745,
      "price_vs_median_pct": -11.666662387058956,
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    },
    {
      "year": 2019,
      "exporter_iso3": "VEN",
      "importer_iso3": "BEL",
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      "quantity_metric_tons": 163194.24,
      "trade_value_usd": 55684555,
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      "price_vs_median_pct": -42.86626008576528,
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    },
    {
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      "quantity_metric_tons": 69481.5,
      "trade_value_usd": 23968890,
      "market_median_price_usd_per_ton": 490.9162215399408,
      "price_vs_median_pct": -29.729773437816817,
      "price_position": "Budget"
    },
    {
      "year": 2020,
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      "quantity_metric_tons": 50040.9,
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      "price_vs_median_pct": -1.784634672404284,
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    }
  ],
  "marketAggregates": [
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      "importer_iso3": "CHN",
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      "latest_unit_value_usd_per_ton": 394.775365564917,
      "market_median_price_usd_per_ton": 479.9878034250408,
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      "period_trade_value_usd": 11060048186,
      "observed_years": 2
    },
    {
      "importer_iso3": "USA",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 455.47912745067043,
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      "observed_years": 4
    },
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      "importer_iso3": "ESP",
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      "importer_iso3": "MYS",
      "latest_year": 2020,
      "latest_unit_value_usd_per_ton": 191.36290863476947,
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      "importer_iso3": "JPN",
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      "observed_years": 1
    },
    {
      "importer_iso3": "ITA",
      "latest_year": 2022,
      "latest_unit_value_usd_per_ton": 666.0718313575638,
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      "observed_years": 4
    },
    {
      "importer_iso3": "BEL",
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      "latest_unit_value_usd_per_ton": 341.21642406006487,
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      "prior_year": 2017,
      "yoy_change_pct": 3.617051487408385,
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      "period_trade_value_usd": 62550636,
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    },
    {
      "importer_iso3": "GBR",
      "latest_year": 2019,
      "latest_unit_value_usd_per_ton": 344.9679411066255,
      "market_median_price_usd_per_ton": 490.9162215399408,
      "price_vs_median_pct": -29.729773437816817,
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      "prior_year": 2017,
      "yoy_change_pct": 13.911102529059495,
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    },
    {
      "importer_iso3": "GRC",
      "latest_year": 2020,
      "latest_unit_value_usd_per_ton": 329.22447437995714,
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    }
  ],
  "trendRows": [
    {
      "importer_iso3": "CHN",
      "position": "Mid",
      "values": [
        {
          "year": 2017,
          "unit_value_usd_per_ton": 301.7056139852006
        },
        {
          "year": 2019,
          "unit_value_usd_per_ton": 394.775365564917
        }
      ]
    },
    {
      "importer_iso3": "USA",
      "position": "Mid",
      "values": [
        {
          "year": 2017,
          "unit_value_usd_per_ton": 401.38390857220486
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        {
          "year": 2019,
          "unit_value_usd_per_ton": 481.8722310058942
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        {
          "year": 2020,
          "unit_value_usd_per_ton": 440.2499367225512
        },
        {
          "year": 2023,
          "unit_value_usd_per_ton": 455.47912745067043
        }
      ]
    },
    {
      "importer_iso3": "IND",
      "position": "Budget",
      "values": [
        {
          "year": 2017,
          "unit_value_usd_per_ton": 303.26653997750645
        },
        {
          "year": 2019,
          "unit_value_usd_per_ton": 356.28489806016165
        },
        {
          "year": 2020,
          "unit_value_usd_per_ton": 242.22273278396898
        }
      ]
    },
    {
      "importer_iso3": "ESP",
      "position": "Budget",
      "values": [
        {
          "year": 2017,
          "unit_value_usd_per_ton": 304.11564337158086
        },
        {
          "year": 2019,
          "unit_value_usd_per_ton": 342.13145505345403
        },
        {
          "year": 2020,
          "unit_value_usd_per_ton": 191.14243261969582
        },
        {
          "year": 2022,
          "unit_value_usd_per_ton": 567.8718570845527
        },
        {
          "year": 2023,
          "unit_value_usd_per_ton": 415.61626916222804
        }
      ]
    },
    {
      "importer_iso3": "CUB",
      "position": "Mid",
      "values": [
        {
          "year": 2019,
          "unit_value_usd_per_ton": 410.7860288058591
        },
        {
          "year": 2020,
          "unit_value_usd_per_ton": 246.40091004418102
        }
      ]
    }
  ],
  "annualRows": [
    {
      "year": 2017,
      "weighted_unit_value_usd_per_ton": 337.33761911497976,
      "trade_value_usd": 24637391312,
      "markets": 11
    },
    {
      "year": 2019,
      "weighted_unit_value_usd_per_ton": 374.98610362308534,
      "trade_value_usd": 14705669105,
      "markets": 11
    },
    {
      "year": 2020,
      "weighted_unit_value_usd_per_ton": 234.6478549314246,
      "trade_value_usd": 3415745267,
      "markets": 7
    },
    {
      "year": 2022,
      "weighted_unit_value_usd_per_ton": 578.0036208941017,
      "trade_value_usd": 573231623,
      "markets": 2
    },
    {
      "year": 2023,
      "weighted_unit_value_usd_per_ton": 449.23398313966885,
      "trade_value_usd": 4045188528,
      "markets": 2
    }
  ]
}