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2023
Flag → Flag
Exports $113MRnk 62 / 168
2023
Flag → Flag
Top Product $70.2MCorn
2023
Flag → Flag
Exports $1.15MRnk 61 / 122
2023
Flag → Flag
Top Product $394kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC $14,187CURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195

About

Argentina-Venezuela Trade: In 2023, Argentina exported $113M to Venezuela. The main products that Argentina exported to Venezuela were Corn ($70.2M), Dried Legumes ($24.1M), and Packaged Medicaments ($4.33M). Over the past 5 years the exports of Argentina to Venezuela have decreased at an annualized rate of 17.7%, from $300M in 2018 to $113M in 2023.

In 2023, Argentina did not export any services to Venezuela.

Venezuela-Argentina Trade: In 2023, Venezuela exported $1.15M to Argentina. The main products that Venezuela exported to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($394k), Aluminium Wire ($389k), and Cocoa Beans ($109k). Over the past 5 years the exports of Venezuela to Argentina have decreased at an annualized rate of 33%,  from $8.48M in 2018 to $1.15M in 2023.

In 2023, Venezuela did not export any services to Argentina.

Comparison: In 2023,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Argentina exported $113M to Venezuela. The main products exported from Argentina to Venezuela were Corn ($70.2M), Dried Legumes ($24.1M), and Packaged Medicaments ($4.33M). During the last 5 years the exports of Argentina to Venezuela have decreased at an annualized rate of 17.7%, from $300M in 2018 to $113M in 2023.

In 2018, Venezuela exported $1.15M to Argentina. The main products exported from Venezuela to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($394k), Aluminium Wire ($389k), and Cocoa Beans ($109k). During the last 5 years the exports of Venezuela to Argentina have decreased at an annualized rate of 33%, from $8.48M in 2023 to $1.15M in 2018.

Exports from Argentina (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Argentina (Flag) (2023)

Latest Data

Trade between Argentina (Flag) and Venezuela (Flag)

Argentina Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.1B
Venezuela
Top DestinationUnited States$3.81B

This map shows whether countries import more from Argentina or Venezuela. Each country is colored based on the difference in imports they receive from Argentina and Venezuela or the difference in the growth in imports.

In 2023, countries that imported more from Argentina than Venezuela included Brazil ($12.1B), Chile ($5.57B), and China ($5.36B).

In 2023, countries that imported more from Venezuela than Argentina included Guyana ($18.1M), Dominica ($10.5M), and Andorra ($53.7k).

Difference in imports from Venezuela (Flag) and Argentina (Flag) (2023)

Comparative Advantage Argentina - Venezuela

Flow
Scale

This chart compares trade between Argentina and Venezuela by product, considering products traded by both, Argentina and Venezuela.

During 2023, Argentina had a large net trade with Venezuela in the exports of Vegetable Products ($96.9M), Chemical Products ($5.69M), and Animal Products ($4.89M).

During 2018, Venezuela had a large net trade with Argentina in the exports of Metals ($461k), Transportation ($394k), and Foodstuffs ($238k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Argentina and Venezuela. This means that a dot/product with the flag of Argentina indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Argentina.

Product Space of Argentina (Flag) and Venezuela (Flag) (2023)

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