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Pricing

2022
Flag → Flag
Exports $66.3MRnk 50 / 185
2022
Flag → Flag
Top Product $20.8MProcessed Tomatoes
2022
Flag → Flag
Exports $56.7MRnk 30 / 126
2022
Flag → Flag
Top Product $1.77MStranded Aluminium Wire
2022
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Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
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GDP PC $15,356CURRENT US$
Rnk 62 / 186
2012-2022
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GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Chile-Venezuela Trade: In 2022, Chile exported $66.3M to Venezuela. The main products that Chile exported to Venezuela were Processed Tomatoes ($20.8M), Processed Cereals ($13.9M), and Apples and Pears ($9.63M). Over the past 5 years the exports of Chile to Venezuela have decreased at an annualized rate of 13.4%, from $136M in 2017 to $66.3M in 2022.

In 2009, Chile exported services to Venezuela worth $38.8M, with Transportation ($38.8M) being the largest in terms of value.

Venezuela-Chile Trade: In 2022, Venezuela exported $56.7M to Chile. The main products that Venezuela exported to Chile were Stranded Aluminium Wire ($1.77M), Cereal Flours ($1.53M), and Other Processed Fruits and Nuts ($1.39M). Over the past 5 years the exports of Venezuela to Chile have decreased at an annualized rate of 22.5%,  from $203M in 2017 to $56.7M in 2022.

In 2022, Venezuela did not export any services to Chile.

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Latest Trends

March, 2024

About

Overview In March 2024, Chile exported $7.71M and imported $120k from Venezuela, resulting in a positive trade balance of $7.59M. Between March 2023 and March 2024 the exports of Chile have increased by $2.58M (50.3%) from $5.13M to $7.71M, while imports increased by $115k (2.1k%) from $5.45k to $120k.

Trade In March 2024, the top exports of Chile to Venezuela were Processed Tomatoes ($2.16M), Packaged Medicaments ($641k), Jams ($453k), Processed Cereals ($329k), and Special purpose motor vehicles ($299k). In March 2024 the top imports of Chile from Venezuela were .

Origins In March 2024 the exports of Chile were mainly from Las Condes ($1.95M), Santiago ($1.28M), Providencia ($912k), Buin ($604k), and Vitacura ($561k), while imports destinations were mainly Quilicura ($111k) and Santiago ($9.26k).

Growth In March 2024, the increase in Chile's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Processed Tomatoes ($1.79M or 486%), Packaged Medicaments ($485k or 311%), and Pesticides ($95.2k or 209%). In March 2024, the increase in Chile's year-by-year imports  from Venezuela was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)$2.58M(50.3%)
IMPORT GROWTH (March 2023 - March 2024)$115k(2.1k%)
MAIN EXPORTER (March 2024)Las Condes$1.95M

This section shows exports and imports data at subnational level for Chile. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Chile over time.

To check Venezuela and Chile trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Venezuela and Chile Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Chile exported $66.3M to Venezuela. The main products exported from Chile to Venezuela were Processed Tomatoes ($20.8M), Processed Cereals ($13.9M), and Apples and Pears ($9.63M). During the last 5 years the exports of Chile to Venezuela have decreased at an annualized rate of 13.4%, from $136M in 2017 to $66.3M in 2022.

In 2017, Venezuela exported $56.7M to Chile. The main products exported from Venezuela to Chile were Stranded Aluminium Wire ($1.77M), Cereal Flours ($1.53M), and Other Processed Fruits and Nuts ($1.39M). During the last 22 years the exports of Venezuela to Chile have decreased at an annualized rate of 22.5%, from $203M in 1995 to $56.7M in 2017.

Exports from Chile (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Chile (Flag) (2022)

Market Competitiveness

Color
Chile
Top DestinationChina$38.5B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Chile than Venezuela included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2022, countries that imported more from Venezuela than Chile included Turkey ($597M), Lebanon ($150M), and Montenegro ($75.9M).

Difference in imports from Venezuela (Flag) and Chile (Flag) (2022)

Comparative Advantage Chile - Venezuela

Flow
Scale

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

During 2022, Chile had a large net trade with Venezuela in the exports of Vegetable Products ($36.6M), Foodstuffs ($33M), and Paper Goods ($7.74M).

During 2017, Venezuela had a large net trade with Chile in the exports of Foodstuffs ($6.87M), Metals ($2.13M), and Vegetable Products ($1.6M).

Economic Complexity

Competitive Landscape

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

Product Space of Chile (Flag) and Venezuela (Flag) (2022)

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