2022
Flag  
GDP
$59.4BCURRENT US$
Rnk 86 / 186
2012-2022
Flag
GDP GROWTH
1.79%CURRENT US$
Rnk 163 / 186
2022
Flag
GDP PC 
$1,096CURRENT US$
Rnk 166 / 186
2012-2022
Flag
GDP PC GROWTH
-5.65%CURRENT US$
Rnk 155 / 186

About

Burma-Venezuela Trade: In 2022, Burma exported $568k to Venezuela. The main products that Burma exported to Venezuela were Non-Knit Women's Coats ($280k), Knit Women's Suits ($126k), and Knit T-shirts ($80.5k). Over the past 5 years the exports of Burma to Venezuela have decreased at an annualized rate of 24%, from $2.24M in 2017 to $568k in 2022.

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

Venezuela-Burma Trade: In 2022, Venezuela exported $52.6k to Burma. The main products that Venezuela exported to Burma were Heavy Synthetic Cotton Fabrics ($46.8k), Non-woven Textiles ($2.69k), and Twine and Rope ($1.8k). Over the past 5 years the exports of Venezuela to Burma have decreased at an annualized rate of 44%,  from $959k in 2017 to $52.6k in 2022.

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

Comparison: In 2022,  Burma ranked 102 in the Economic Complexity Index (ECI -0.84), and 72 in total exports ($26.9B). 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, Burma exported $568k to Venezuela. The main products exported from Burma to Venezuela were Non-Knit Women's Coats ($280k), Knit Women's Suits ($126k), and Knit T-shirts ($80.5k). During the last 5 years the exports of Burma to Venezuela have decreased at an annualized rate of 24%, from $2.24M in 2017 to $568k in 2022.

In 2017, Venezuela exported $52.6k to Burma. The main products exported from Venezuela to Burma were Heavy Synthetic Cotton Fabrics ($46.8k), Non-woven Textiles ($2.69k), and Twine and Rope ($1.8k). During the last 5 years the exports of Venezuela to Burma have decreased at an annualized rate of 44%, from $959k in 2022 to $52.6k in 2017.

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

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

Latest Data

Trade between Burma (Flag) and Venezuela (Flag)

Burma Exports

Market Competitiveness

Color
Burma
Top Destination
China$9.62B
Venezuela
Top Destination
China$703M

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

In 2022, countries that imported more from Burma than Venezuela included China ($9.62B), Thailand ($3.48B), and Germany ($1.68B).

In 2022, countries that imported more from Venezuela than Burma included Turkey ($597M), Brazil ($361M), and Lebanon ($150M).

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

Comparative Advantage Burma - Venezuela

Flow
Scale

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

During 2022, Burma had a large net trade with Venezuela in the exports of Textiles ($568k).

During 2017, Venezuela had a large net trade with Burma in the exports of Textiles ($52.6k).

Economic Complexity

Competitive Landscape

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

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

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