Burma (MMR) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Venezuela () (2022)

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

Latest Data

Trade between Burma () and Venezuela ()

Burma Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burma
Top DestinationChina$9.62B

Venezuela
Top DestinationChina$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 () and Burma () (2022)

Comparative Advantage Burma - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Burma () and Venezuela ()

Burma Exports

Market Competitiveness

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

Comparative Advantage Burma - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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