Venezuela (VEN) and Brunei (BRN) Trade | The Observatory of Economic Complexity

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Venezuela-Brunei Trade: In 2022, Venezuela exported $198k to Brunei. The main products that Venezuela exported to Brunei were Crustaceans ($138k), Non-fillet Frozen Fish ($31.2k), and Legumes ($13.2k). Over the past 6 years the exports of Venezuela to Brunei have increased at an annualized rate of 106%, from $2.63k in 2016 to $198k in 2022.

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

Brunei-Venezuela In N/A, Brunei did not export any products to Venezuela.

In 2022, Brunei 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, Brunei ranked 90 in total exports ($14B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $198k to Brunei. The main products exported from Venezuela to Brunei were Crustaceans ($138k), Non-fillet Frozen Fish ($31.2k), and Legumes ($13.2k). During the last 6 years the exports of Venezuela to Brunei have increased at an annualized rate of 106%, from $2.63k in 2016 to $198k in 2022.

Brunei does not register exports to Venezuela.

Exports from Venezuela () to Brunei () (2022)

Exports from Brunei () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Brunei ()

Brunei Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Brunei
Top DestinationAustralia$2.66B

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

In 2022, countries that imported more from Venezuela than Brunei included Turkey ($597M), Spain ($518M), and United States ($438M).

In 2022, countries that imported more from Brunei than Venezuela included Australia ($2.66B), Japan ($2.32B), and Singapore ($1.97B).

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

Comparative Advantage Venezuela - Brunei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Brunei in the exports of Animal Products ($169k), Vegetable Products ($23.4k), and Machines ($4.17k).

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 Venezuela and Brunei. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Brunei. Similarly, a dot/product with the flag of Brunei indicates it has a comparative advantage over Venezuela.

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Brunei () (2022)

Exports from Brunei () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Brunei ()

Brunei Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Brunei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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