Venezuela (VEN) and Chile (CHL) Trade | The Observatory of Economic Complexity

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Venezuela-Chile In 2022, Venezuela exported $12.7M to Chile. The main products that Venezuela exported to Chile are Stranded Aluminium Wire ($1.77M), Cereal Flours ($1.53M), and Other Processed Fruits and Nuts ($1.39M). During the last 27 years the exports of Venezuela to Chile have decreased at an annualized rate of 9.75%, from $203M in 1995 to $12.7M in 2022.

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

Chile-Venezuela In 2022, Chile exported $105M to Venezuela. The main products that Chile exported to Venezuela were Processed Tomatoes ($20.8M), Processed Cereals ($13.9M), and Apples and Pears ($9.63M). During the last 27 years the exports of Chile to Venezuela have decreased at an annualized rate of 0.98%, from $136M in 1995 to $105M in 2022.

In 2009, Chile exported services to Venezuela worth $38.8M, with Transportation ($38.8M) being the largest in terms of value.

Comparison In 2022, Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and 132 in total exports ($4.3B). That same year, Chile ranked 71 in the Economic Complexity Index (ECI -0.22), and 44 in total exports ($99B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $12.7M to Chile. The main products exported from Venezuela to Chile were Stranded Aluminium Wire ($1.77M), Cereal Flours ($1.53M), and Other Processed Fruits and Nuts ($1.39M). During the last 27 years the exports of Venezuela to Chile have decreased at an annualized rate of 9.75%, from $203M in 1995 to $12.7M in 2022.

In 2022, Chile exported $105M to Venezuela. The main products exported from Chile to Venezuela were Processed Tomatoes ($20.8M), Processed Cereals ($13.9M), and Apples and Pears ($9.63M). During the last 27 years the exports of Chile to Venezuela have decreased at an annualized rate of 0.98%, from $136M in 1995 to $105M in 2022.

Exports from Venezuela () to Chile () (2022)

Exports from Chile () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Chile ()

Chile Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Chile
Top DestinationChina$38.5B

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

In 2021, countries that imported more from Venezuela than Chile were Turkey ($597M), Lebanon ($150M), and Montenegro ($75.9M).

In 2021, countries that imported more from Chile than Venezuela were China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

Comparative Advantage Venezuela - Chile

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Chile in the exports of Foodstuffs ($6.87M), Metals ($2.13M), and Vegetable Products ($1.6M).

During 2022, Chile had a large net trade with Venezuela in the exports of Vegetable Products ($36.6M), Foodstuffs ($33M), and Paper Goods ($7.74M).

Service Trade

Bilateral Service Trade

Chl Year

2009

2008

In 2009, Chile exported services to Venezuela worth $38.8M, with Transportation ($38.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Chile () to Venezuela () (2009)

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Chile () (2022)

Exports from Chile () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Chile ()

Chile Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Chile

Service Trade

Bilateral Service Trade

Services Exports from Chile () to Venezuela () (2009)

Economic Complexity

Competitive Landscape

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

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