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).

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 Destination
United States$137B
Venezuela
Top Destination
China$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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