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Pricing

2022
Flag → Flag
Exports $33.3MRnk 146 / 211
2022
Flag → Flag
Top Product $14MCars
2022
Flag → Flag
Exports $24.4MRnk 21 / 126
2022
Flag → Flag
Top Product $12.8MAcyclic Alcohols
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
Flag
GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

About

Japan-Venezuela Trade: In 2022, Japan exported $33.3M to Venezuela. The main products that Japan exported to Venezuela were Cars ($14M), Delivery Trucks ($3.86M), and Spark-Ignition Engines ($3.65M). Over the past 5 years the exports of Japan to Venezuela have decreased at an annualized rate of 14.4%, from $72.4M in 2017 to $33.3M in 2022.

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

Venezuela-Japan Trade: In 2022, Venezuela exported $24.4M to Japan. The main products that Venezuela exported to Japan were Acyclic Alcohols ($12.8M), Cocoa Beans ($5.72M), and Raw Aluminium ($3.66M). Over the past 5 years the exports of Venezuela to Japan have decreased at an annualized rate of 29.1%,  from $136M in 2017 to $24.4M in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Latest Trends

August, 2024

About

Overview In August 2024, Japan exported ¥826M and imported ¥282M from Venezuela, resulting in a positive trade balance of ¥545M. Between August 2023 and August 2024 the exports of Japan have decreased by ¥-319M (-27.8%) from ¥1.15B to ¥826M, while imports decreased by ¥-99.8M (-26.1%) from ¥382M to ¥282M.

Trade In August 2024, the top exports of Japan to Venezuela were Cars (¥150M), Spark-Ignition Engines (¥52.9M), Motorcycles and cycles (¥48.5M), Rubber Tires (¥37.5M), and Delivery Trucks (¥31.5M). In August 2024 the top imports of Japan from Venezuela were Non-Iron and Steel Slag, Ash and... (¥36.5M), Raw Aluminium (¥28.4M), Cocoa Beans (¥10.3M), and Hard Liquor (¥1.09M).

Origins In August 2024 the exports of Japan were mainly from Aichi (¥618M), Shizuoka (¥101M), Osaka (¥30.9M), Chiba (¥30.4M), and Hyōgo (¥16.9M), while imports destinations were mainly Kanagawa (¥220M), Osaka (¥41.4M), Hyōgo (¥10.1M), Aichi (¥9.63M), and Tokyo (¥511k).

Growth In August 2024, the decrease in Japan's year-by-year exports to Venezuela was explained primarily by an decrease in product exports in Valves (¥-13.7M or -96.1%), Liquid Pumps (¥-6.64M or -67.9%), and Motor vehicles; parts and accessories (8701... (¥-5.09M or -24.1%). In August 2024, the decrease in Japan's year-by-year imports  from Venezuela was explained primarily by an decrease in product imports  in Raw Aluminium (¥-12.6M or -30.7%) and Hard Liquor (¥-235k or -17.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)¥-319M(-27.8%)
IMPORT GROWTH (August 2023 - August 2024)¥-99.8M(-26.1%)
MAIN EXPORTER (August 2024)Aichi¥618M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $33.3M to Venezuela. The main products exported from Japan to Venezuela were Cars ($14M), Delivery Trucks ($3.86M), and Spark-Ignition Engines ($3.65M). During the last 5 years the exports of Japan to Venezuela have decreased at an annualized rate of 14.4%, from $72.4M in 2017 to $33.3M in 2022.

In 2017, Venezuela exported $24.4M to Japan. The main products exported from Venezuela to Japan were Acyclic Alcohols ($12.8M), Cocoa Beans ($5.72M), and Raw Aluminium ($3.66M). During the last 5 years the exports of Venezuela to Japan have decreased at an annualized rate of 29.1%, from $136M in 2022 to $24.4M in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Japan than Venezuela included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Venezuela than Japan included Montenegro ($75.9M).

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

Comparative Advantage Japan - Venezuela

Flow
Scale

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

During 2022, Japan had a large net trade with Venezuela in the exports of Transportation ($21.4M), Machines ($7.86M), and Plastics and Rubbers ($1.96M).

During 2017, Venezuela had a large net trade with Japan in the exports of Chemical Products ($12.8M), Foodstuffs ($6.21M), and Metals ($5.32M).

Economic Complexity

Competitive Landscape

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

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

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