Flag Venezuela / Chile Flag

2019
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Exports
: $4.77M, Rnk 37 / 110

2019
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Top Product
: $1.51M, Hard Liquor

2019
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Exports
: $51.6M, Rnk 58 / 184

2019
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Top Product
: $5.16M, Dried Legumes

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

2019
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Economic Complexity (ECI)
: ECI -0.083, Rnk 81 / 157

2019
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 GDP
: $282B, CURRENT US$
Rnk 41 / 187

2009-2019
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GDP GROWTH
: 63.8%, CURRENT US$
Rnk 72 / 187

2019
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GDP PC 
: $14,896, CURRENT US$
Rnk 61 / 187

2009-2019
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GDP PC GROWTH
: 45.9%, CURRENT US$
Rnk 63 / 187

Venezuela-Chile: In 2019, Venezuela exported $4.77M to Chile. The main products that Venezuela exported to Chile are Hard Liquor ($1.51M), Stranded Iron Wire ($310k), and Bandages ($286k). During the last 24 years the exports of Venezuela to Chile have decreased at an annualized rate of 14.4%, from $201M in 1995 to $4.77M in 2019.

In 2019, Venezuela did not exported services to Chile.

Chile-Venezuela: In 2019, Chile exported $51.6M to Venezuela . The main products that Chile exported to Venezuela were Dried Legumes ($5.16M), Rice ($3.77M), and Processed Fish ($3.18M). During the last 24 years the exports of Chile to Venezuela have decreased at an annualized rate of 3.97%, from $137M in 1995 to $51.6M in 2019.

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

Comparison: In 2019,  Venezuela ranked 118 in the Economic Complexity Index (ECI -0.73), and 80 in total exports ($14.7B). That same year, Chile ranked 81 in the Economic Complexity Index (ECI -0.083), and 44 in total exports ($71.1B).

Bilateral Trade by Products

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Depth
Value

In 2019, Venezuela exported $4.77M to Chile. The main products exported from Venezuela to Chile were Hard Liquor ($1.51M), Stranded Iron Wire ($310k), and Bandages ($286k). During the last 24 years the exports of Venezuela to Chile have decreased at an annualized rate of 14.4%, from $201M in 1995 to $4.77M in 2019.

In 2019, Chile exported $51.6M to Venezuela. The main products exported from Chile to Venezuela were Dried Legumes ($5.16M), Rice ($3.77M), and Processed Fish ($3.18M). During the last 24 years the exports of Chile to Venezuela have decreased at an annualized rate of 3.97%, from $137M in 1995 to $51.6M in 2019.

Market Competitiveness

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Measure

Venezuela
Top Destination
: India, $4.98B

Chile
Top Destination
: China, $22.6B

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 2019, countries that imported more from Venezuela than Chile were India ($4.98B), Malaysia ($558M), and Singapore ($349M).

In 2019, countries that imported more from Chile than Venezuela were China ($22.6B), United States ($9.74B), and Japan ($6.38B).

Comparative Advantage Venezuela - Chile

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Depth

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

During 2019, Venezuela had a large net trade with Chile in the exports of Foodstuffs ($2.43M), Machines ($507k), and Chemical Products ($502k).

During 2019, Chile had a large net trade with Venezuela in the exports of Vegetable Products ($17.3M), Foodstuffs ($15.7M), and Paper Goods ($6.36M).

Bilateral Service Trade

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Chl Year

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.

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 Chile. Similarly, the more red a dot/product is, the more Chile has comparative advantage over Venezuela.