2023
Flag  
GDP
$66.8BCURRENT US$
Rnk 86 / 195
2013-2023
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 154 / 195
2023
Flag
GDP PC 
$1,233CURRENT US$
Rnk 173 / 195
2013-2023
Flag
GDP PC GROWTH
2.84%CURRENT US$
Rnk 149 / 195

About

Burma-Venezuela Trade: In 2023, Burma exported $1.13M to Venezuela. The main products that Burma exported to Venezuela were Non-Knit Women's Coats ($592k), Knit Sweaters ($310k), and Knit Women's Suits ($117k). Over the past 5 years the exports of Burma to Venezuela have decreased at an annualized rate of 5%, from $1.47M in 2018 to $1.13M in 2023.

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

Venezuela-Burma Trade: In 2023, Venezuela exported $6.17k to Burma. The main products that Venezuela exported to Burma were Zippers ($6.17k). Over the past 5 years the exports of Venezuela to Burma have decreased at an annualized rate of 33.7%,  from $48.2k in 2018 to $6.17k in 2023.

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

Comparison: In 2023,  Burma ranked 108 in the Economic Complexity Index (ECI -0.91), and 77 in total exports ($22.1B). 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, Burma exported $1.13M to Venezuela. The main products exported from Burma to Venezuela were Non-Knit Women's Coats ($592k), Knit Sweaters ($310k), and Knit Women's Suits ($117k). During the last 5 years the exports of Burma to Venezuela have decreased at an annualized rate of 5%, from $1.47M in 2018 to $1.13M in 2023.

In 2018, Venezuela exported $6.17k to Burma. The main products exported from Venezuela to Burma were Zippers ($6.17k). During the last 5 years the exports of Venezuela to Burma have decreased at an annualized rate of 33.7%, from $48.2k in 2023 to $6.17k in 2018.

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

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

Latest Data

Trade between Burma (Flag) and Venezuela (Flag)

Burma Exports

Market Competitiveness

Color
Burma
Top Destination
China$6.97B
Venezuela
Top Destination
United States$3.81B

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 2023, countries that imported more from Burma than Venezuela included China ($6.97B), Thailand ($3.44B), and Japan ($1.61B).

In 2023, countries that imported more from Venezuela than Burma included United States ($3.81B), Brazil ($468M), and Turkey ($364M).

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

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 2023, Burma had a large net trade with Venezuela in the exports of Textiles ($1.12M) and Vegetable Products ($14.8k).

During 2018, Venezuela had a large net trade with Burma in the exports of Miscellaneous ($6.17k).

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) (2023)

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