In Jan-Mar 2026, extra-EU trade with VE totalled €444.5M. The EU imported €325.4M and exported €119.2M, resulting in a deficit of €206.2M.
Trade with VE is dominated by the sectors Section V — MINERAL PRODUCTS (50.0%), Section VI — PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES (12.6%), Section XVI — MACHINERY AND MECHANICAL APPLIANCES (8.3%). The Section V — MINERAL PRODUCTS sector alone accounts for 50.0% of bilateral trade.
The extra-EU trade balance with VE shows a deficit of €206.2M. Imports amount to €325.4M versus €119.2M in exports.
In 2025, imports from this country changed by -51.0% and exports by -22.6% compared to the previous year.