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Venezuela has not reported for over a decade: how to rebuild it from outside

There is not a single Venezuelan figure in the United Nations trade database going back years. But 98 countries declare having sold to it, and from that you can rebuild what it imports and from whom.

We asked the United Nations trade database what Venezuela imported in 2024, and we got nothing. We asked for 2022, 2020, 2018 and 2015: the same.

Venezuela has spent more than a decade without sending its customs statistics to the United Nations. For anyone trying to understand that market with public data, the country simply does not exist.

Except it does, and there is a way to see it.

If the country will not speak, ask whoever sells to it

They are called mirror statistics and the idea is simple: every import is somebody's export. If Venezuela does not declare what comes in, you can add up what ninety-eight countries declare having sent.

In 2024, those ninety-eight countries declared exporting 14.1 billion dollars to it. Concentrated in a way that says a fair amount:

Country Value Share
China 4,801 M USD 34%
United States 4,232 M USD 30%
Brazil 1,200 M USD 8%
Colombia 1,004 M USD 7%
Argentina 318 M USD 2%
Türkiye 307 M USD 2%

Two countries account for almost two thirds of what enters.

What goes in

Aggregating by tariff chapter what those first four suppliers declare — 79% of the total — the picture is this:

Chapter Value Share
27 · Mineral fuels and oils 2,150 M 19.1%
84 · Machinery and mechanical appliances 1,207 M 10.7%
85 · Electrical equipment 1,141 M 10.2%
87 · Vehicles 925 M 8.2%
39 · Plastics 607 M 5.4%
10 · Cereals 490 M 4.4%
23 · Food industry residues 341 M 3.0%
17 · Sugars 300 M 2.7%
40 · Rubber and articles thereof 199 M 1.8%

The first line tells a story on its own: an oil-exporting country importing two billion one hundred and fifty million dollars of refined fuels. It is the direct consequence of a refining fleet not running at capacity, and it shows up in its neighbours' customs data without Venezuela having to say a word.

What this method cannot see

The limits have to be explicit, because a reconstructed number invites being treated as if it were as firm as a declared one. It is not.

It is the seller's picture. Everything coming from countries that also do not report to Comtrade is missing, and there are several in the region.

These are FOB values. What the shipper declares, without freight or insurance. Landing those goods in Venezuela costs more than these figures say.

It does not include what is not declared. No smuggling, no informal cross-border trade, no operations outside customs channels. In Venezuela that is not a minor margin of error.

And it is a picture of the declared origin, not the manufacturer. Much of what leaves the United States or Colombia for Venezuela was made somewhere else.

With those four warnings, the reconstruction is still far better than nothing — and it is all there is.

Why this matters beyond Venezuela

The method works for any country that does not report, and there are several. It also works as a cross-check on those that do: if a country declares importing far less than its suppliers declare having sent, that difference is information.

We apply it daily without noticing in the prices section: each heading's origin table is computed from the importer's side, and it is exactly what revealed that our exporter list was missing India.

When a source falls silent, the answer is rarely that there is no data. Almost always it is that you have to look for it on the other side of the counter.

Sourcing this material for a project?

These figures tell you where the material comes from and what order of magnitude it moves in. What they do not tell you is which grade suits you or which supplier meets the lead time. Tell us what you need, in what quantity and by when, and we will look at it with your specification in hand.

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