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2022
Flag → Flag
Exports $361MRnk 5 / 126
2022
Flag → Flag
Top Product $141MNitrogenous Fertilizers
2022
Flag → Flag
Exports $1.33BRnk 46 / 223
2022
Flag → Flag
Top Product $217MRaw Sugar
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
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 GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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GDP PC$8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186

About

Venezuela-Brazil Trade: In 2022, Venezuela exported $361M to Brazil. The main products that Venezuela exported to Brazil were Nitrogenous Fertilizers ($141M), Acyclic Alcohols ($100M), and Raw Aluminium ($71.7M). Over the past 5 years the exports of Venezuela to Brazil have decreased at an annualized rate of 1.93%, from $398M in 2017 to $361M in 2022.

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

Brazil-Venezuela Trade: In 2022, Brazil exported $1.33B to Venezuela. The main products that Brazil exported to Venezuela were Raw Sugar ($217M), Soybean Oil ($206M), and Malt Extract ($165M). Over the past 5 years the exports of Brazil to Venezuela have increased at an annualized rate of 23.1%,  from $469M in 2017 to $1.33B in 2022.

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

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $361M to Brazil. The main products exported from Venezuela to Brazil were Nitrogenous Fertilizers ($141M), Acyclic Alcohols ($100M), and Raw Aluminium ($71.7M). During the last 5 years the exports of Venezuela to Brazil have decreased at an annualized rate of 1.93%, from $398M in 2017 to $361M in 2022.

In 2017, Brazil exported $1.33B to Venezuela. The main products exported from Brazil to Venezuela were Raw Sugar ($217M), Soybean Oil ($206M), and Malt Extract ($165M). During the last 5 years the exports of Brazil to Venezuela have increased at an annualized rate of 23.1%, from $469M in 2022 to $1.33B in 2017.

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

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

Latest Data

Trade between Venezuela (Flag) and Brazil (Flag)

Brazil Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Brazil
Top DestinationChina$90.1B

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 2022, countries that imported more from Venezuela than Brazil included Montenegro ($75.9M).

In 2022, countries that imported more from Brazil than Venezuela included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

Comparative Advantage Venezuela - Brazil

Flow
Scale

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

During 2022, Venezuela had a large net trade with Brazil in the exports of Chemical Products ($254M), Metals ($80M), and Mineral Products ($20.7M).

During 2017, Brazil had a large net trade with Venezuela in the exports of Foodstuffs ($586M), Animal and Vegetable Bi-Products ($260M), and Vegetable Products ($222M).

Economic Complexity

Competitive Landscape

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

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

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