# Venezuela Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils price positioning (HS 271000)

Canonical: https://www.yugalinks.com/trade/price-exporter/ven/271000
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Venezuela has a median reported export price of $605.9/t across 35 markets. Across the reported period, the highest observed price is $113.0K/t in Chile; the lowest is $37.7/t in USA, Puerto Rico and US Virgin Islands.

## Summary

- Price spread: 18,642.2%
- Total trade value: $4.3B
- Average quantity: 144,985 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 |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| Cuba | 2020 | $265.5/t | -85.9% | -39.5% | -39.5% | $1.5B | 2 | Below |
| Singapore | 2019 | $386.0/t | -15.2% | Not reported | +0% | $385.0M | 1 | Mid |
| Brazil | 2017 | $524.3/t | -19.2% | Not reported | +0% | $162.2M | 1 | Mid |
| China | 2019 | $430.0/t | -49% | +33.1% | +33.1% | $246.6M | 2 | Below |
| United Kingdom | 2017 | $540.0/t | -5.8% | Not reported | +0% | $49.2M | 1 | Mid |
| El Salvador | 2017 | $564.6/t | -59.9% | Not reported | +0% | $35.1M | 1 | Below |
| Nicaragua | 2019 | $690.8/t | -68.6% | +14.2% | +14.2% | $64.9M | 2 | Below |
| Guyana | 2023 | $991.8/t | -6.6% | -5.2% | +35.8% | $44.7M | 4 | Mid |
| Morocco | 2017 | $496.1/t | -18.3% | Not reported | +0% | $15.7M | 1 | Mid |
| Sweden | 2017 | $518.2/t | -23% | Not reported | +0% | $14.2M | 1 | Mid |
| Dominica | 2023 | $1.2K/t | -36.3% | Not reported | +0% | $10.4M | 1 | Below |
| Denmark | 2017 | $510.4/t | -10.5% | Not reported | +0% | $8.4M | 1 | Mid |
| Dominican Republic | 2019 | $379.4/t | -74.5% | -44% | -44% | $7.4M | 2 | Below |
| Bolivia | 2017 | $646.2/t | -58.3% | Not reported | +0% | $2.8M | 1 | Below |
| Republic of Korea | 2017 | $832.0/t | -6.6% | Not reported | +0% | $2.5M | 1 | Mid |
| USA, Puerto Rico and US Virgin Islands | 2023 | $37.7/t | -95.5% | -96.7% | -95.7% | $1.5B | 3 | Below |
| Chile | 2017 | $113.0K/t | +6,166.8% | Not reported | +0% | $113.0 | 1 | Above |

## Price history

- Cuba: 2019 $439.1/t, 2020 $265.5/t
- Singapore: 2019 $386.0/t
- Brazil: 2017 $524.3/t
- China: 2017 $323.0/t, 2019 $430.0/t
- United Kingdom: 2017 $540.0/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $664.1/t | Not reported | $1.8B | 25 |
| 2019 | $480.9/t | -27.6% | $1.7B | 14 |
| 2020 | $297.3/t | -38.2% | $827.1M | 9 |
| 2022 | $1.0K/t | +250.1% | $17.8M | 7 |
| 2023 | $1.1K/t | +1.7% | $27.4M | 7 |

## 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; 35 importer markets; 62 reported market-year observations.

## FAQ

### What does Venezuela price positioning show for HS 271000?

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 Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils 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": "271000",
  "summary": {
    "num_markets": 35,
    "highest_price_importer_iso3": "CHL",
    "highest_price_usd_per_ton": 113000,
    "lowest_price_importer_iso3": "USA",
    "lowest_price_usd_per_ton": 37.735849056603776,
    "median_price_across_markets": 605.9486596570995,
    "price_spread_pct": 18642.217018000774,
    "avg_quantity_metric_tons": 144985.3650967742,
    "total_trade_value_usd": 4321962974
  },
  "marketRows": [
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      "year": 2020,
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      "quantity_metric_tons": 2362814.91,
      "trade_value_usd": 627324468,
      "market_median_price_usd_per_ton": 1881.0349185714801,
      "price_vs_median_pct": -85.88549452190975,
      "price_position": "Budget"
    },
    {
      "year": 2019,
      "exporter_iso3": "VEN",
      "importer_iso3": "SGP",
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      "quantity_metric_tons": 997489,
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      "price_vs_median_pct": -68.60338011361141,
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    {
      "year": 2023,
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    {
      "importer_iso3": "USA",
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    },
    {
      "importer_iso3": "CHL",
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      "latest_unit_value_usd_per_ton": 113000,
      "market_median_price_usd_per_ton": 1803.144671115864,
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    }
  ],
  "trendRows": [
    {
      "importer_iso3": "CUB",
      "position": "Budget",
      "values": [
        {
          "year": 2019,
          "unit_value_usd_per_ton": 439.12269812006065
        },
        {
          "year": 2020,
          "unit_value_usd_per_ton": 265.4987766265619
        }
      ]
    },
    {
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