Flag Venezuela / Brazil Flag

2019
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Exports
: $76.4M, Rnk 14 / 110

2019
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Top Product
: $38M, Acyclic Alcohols

2019
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Exports
: $421M, Rnk 56 / 220

2019
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Top Product
: $98M, Rice

2019
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Economic Complexity (ECI)
: ECI -0.73, Rnk 118 / 157

2019
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Economic Complexity (ECI)
: ECI 0.55, Rnk 49 / 157

2019
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 GDP
: $1.84T, CURRENT US$
Rnk 9 / 187

2009-2019
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GDP GROWTH
: 10.4%, CURRENT US$
Rnk 162 / 187

2019
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GDP PC 
: $8,717, CURRENT US$
Rnk 79 / 187

2009-2019
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GDP PC GROWTH
: 1.39%, CURRENT US$
Rnk 156 / 187

Venezuela-Brazil: In 2019, Venezuela exported $76.4M to Brazil. The main products that Venezuela exported to Brazil are Acyclic Alcohols ($38M), Electricity ($12.9M), and Hot-Rolled Iron ($7.48M). During the last 24 years the exports of Venezuela to Brazil have decreased at an annualized rate of 11.7%, from $1.51B in 1995 to $76.4M in 2019.

In 2019, Venezuela did not exported services to Brazil.

Brazil-Venezuela: In 2019, Brazil exported $421M to Venezuela . The main products that Brazil exported to Venezuela were Rice ($98M), Raw Sugar ($65M), and Soybean Oil ($29.8M). During the last 24 years the exports of Brazil to Venezuela have decreased at an annualized rate of 0.86%, from $517M in 1995 to $421M in 2019.

In 2019, Brazil did not exported services to Venezuela.

Comparison: In 2019,  Venezuela ranked 118 in the Economic Complexity Index (ECI -0.73), and 80 in total exports ($14.7B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.55), and 25 in total exports ($230B).

Bilateral Trade by Products

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Depth
Value

In 2019, Venezuela exported $76.4M to Brazil. The main products exported from Venezuela to Brazil were Acyclic Alcohols ($38M), Electricity ($12.9M), and Hot-Rolled Iron ($7.48M). During the last 24 years the exports of Venezuela to Brazil have decreased at an annualized rate of 11.7%, from $1.51B in 1995 to $76.4M in 2019.

In 2019, Brazil exported $421M to Venezuela. The main products exported from Brazil to Venezuela were Rice ($98M), Raw Sugar ($65M), and Soybean Oil ($29.8M). During the last 24 years the exports of Brazil to Venezuela have decreased at an annualized rate of 0.86%, from $517M in 1995 to $421M in 2019.

Market Competitiveness

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Measure

Venezuela
Top Destination
: India, $4.98B

Brazil
Top Destination
: China, $63.5B

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

In 2019, countries that imported more from Venezuela than Brazil were India ($4.98B).

In 2019, countries that imported more from Brazil than Venezuela were China ($63.5B), United States ($30.5B), and Argentina ($9.85B).

Comparative Advantage Venezuela - Brazil

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Depth

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

During 2019, Venezuela had a large net trade with Brazil in the exports of Chemical Products ($41M), Metals ($17.5M), and Mineral Products ($12.9M).

During 2019, Brazil had a large net trade with Venezuela in the exports of Foodstuffs ($131M), Vegetable Products ($130M), and Animal and Vegetable Bi-Products ($39.8M).

Tariff Section

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This section shows import tariffs for products traded between Venezuela and Brazil (using the HS6 product classification and the last year reported).

In 2018, the products from Venezuela that paid the highest import tariffs to enter Brazil were Road tractors for semi-trailers (truck tractors) (9.2%) and Diesel powered buses (9.2%).

In 2018, the products from Brazil that paid the highest import tariffs to enter Venezuela were Road tractors for semi-trailers (truck tractors) (15.8%) and Diesel powered buses (15.8%).

Explore Tariff Data

*The tariffs present between Venezuela and Brazil are:
23: AAP.AG N° 02 - Acuerdo de Alcance Parcial para la Liberación y Expansión del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
61: AAP.CE N° 59 - Complementación Económica entre Argentina, Brasil, Paraguay, Uruguay, Colombia, Ecuador y Venezuela
71: AAP.CE Nº 69 Acuerdo de Alcance Parcial de Complementación Económica N° 69 entre la República Federativa del Brasil y la República Bolivariana de Venezuela
82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)
136: Most Favoured Nation duty rate treatement

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Venezuela has comparative advantage over Brazil. Similarly, the more red a dot/product is, the more Brazil has comparative advantage over Venezuela.