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ExportsVenezuela-Brazil Trade: In 2023, Venezuela exported $468M to Brazil. The main products that Venezuela exported to Brazil were Nitrogenous Fertilizers ($208M), Raw Aluminium ($92.7M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($83.1M). Over the past 5 years the exports of Venezuela to Brazil have increased at an annualized rate of 20%, from $188M in 2018 to $468M in 2023.
In 2023, Venezuela did not export any services to Brazil.
Brazil-Venezuela Trade: In 2023, Brazil exported $1.15B to Venezuela. The main products that Brazil exported to Venezuela were Raw Sugar ($160M), Malt Extract ($154M), and Soybean Oil ($146M). Over the past 5 years the exports of Brazil to Venezuela have increased at an annualized rate of 14.9%, from $576M in 2018 to $1.15B in 2023.
In 2023, Brazil did not export any services to Venezuela.
Comparison: In 2023, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).
